Q&A: Aker BP Seeks Growth in Turbulent Times

Copyright © 2023 Energy Intelligence Group All rights reserved. Unauthorized access or electronic forwarding, even for internal use, is prohibited.
T. Schneider/Shutterstock

Norway-focused E&P Aker BP is poised to sanction a new wave of offshore projects this year to take advantage of high prices and beneficial tax terms. Having almost doubled output to some 400,000 barrels of oil equivalent per day with its recent acquisition of Lundin Energy's oil and gas business, the Oslo-listed independent will spend upward of $15 billion on developments to further lift production to 525,000 boe/d by 2028 — up to 25% of it gas. Energy Intelligence caught up with Aker BP CEO Karl Johnny Hersvik to discuss the company's plans in turbulent times. An edited transcript follows.

Upstream Projects, Offshore Oil and Gas, Corporate Strategy , Independent E&Ps
Wanda Ad #2 (article footer)
India's leading oil companies have a lot of work ahead to translate broadly government mandate-driven directives into real-world decarbonization investments, but near-term plans are coming into view.
Tue, Sep 26, 2023
The move will revert ownership of the block to small independents Ratio Guyana and Cataleya Energy, with Ratio expected to take over operatorship.
Fri, Sep 29, 2023
The ruling reflects the increasingly challenging legal environment for oil and gas companies in Australia.
Thu, Sep 28, 2023