Aker BP ASA is an independent exploration and production company primarily focused on the Norwegian continental shelf. The company’s core activities include the exploration, development, production and sale of crude oil and natural gas. Leveraging advanced subsea technology and integrated project management, Aker BP maintains a diversified portfolio of operated and non-operated assets across the North Sea, Norwegian Sea and the Barents Sea.
In addition to upstream operations, Aker BP invests in enhanced oil recovery techniques and digital solutions to improve reservoir performance and reduce operating costs. The company has pioneered subsea separation and boosting technology, aiming to increase both production efficiency and recoverable reserves. Aker BP’s partnerships with drilling contractors, service companies and research institutions enable it to optimize field development projects from concept through to decommissioning.
Formed in 2016 through the merger of BP Norge AS and Det Norske Oljeselskap ASA, Aker BP leveraged the complementary strengths of its predecessor entities to build scale and operational expertise. The company further expanded its asset base through strategic acquisitions, most notably the purchase of Lundin Norway’s interests in 2020, reinforcing its position as one of the largest independent oil producers on the Norwegian shelf.
Under the leadership of CEO Karl Johnny Hersvik, Aker BP emphasizes safe operations, environmental stewardship and value creation for shareholders. Major stakeholders include Aker ASA and BP, both of which support the company’s long-term growth strategy. Headquartered in Fornebu, Norway, Aker BP continues to explore new opportunities in frontier areas while optimizing its existing asset portfolio for sustainable performance.
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