Highlights 2016

In 2016, Aker BP was formed through the merger between Det norske oljeselskap and BP Norge. Our vision is to create the leading independent offshore E&P company.

 

Awarded licenses in the 2015 APA round

Det norske was offered interests in ten new licenses, including six operatorship in the APA (Awards in Pre-defined Areas) 2015. BP Norge was offered interest in one new license as operator.

Jan 19

Acquisition of Noreco Norway AS (Noreco)

Det norske entered into an agreement with Noreco to aquire Noreco’s Norwegian licence portfolio including a NOK 45 million cash balance.

Mar 2

Acquisition of Centrica licences

Det norske entered into an agreement with Centrica Resources Norge AS (Centrica) to acquire the company’s licenses in the Frigg Gamma Delta and Rind discoveries.

Apr 18

Awarded licences in the 23rd licencing round

Det norske was awarded one operatorship and two partnerships in the 23rd licencing round.

May 18

Merger between Det norske and BP Norge

Det norske entered into an agreement with BP p.l.c. to merge with BP Norge through a share purchase transaction.

June 10

Oil Cargo number one hundred delivered from Skarv

Oil cargo number one hundred was delivered from the Skarv field, more than one year ahead of our plan. More about Skarv »

June 10

Ivar Aasen topside installed

The Ivar Aasen topside was installed on the field at Utsira High in July. More about Ivar Aasen »

July 26

Removal of 2/4-G topsides at Valhall

The deck of the platform was removed. More about Valhall »

July 31

Oil Discovery at Langfjellet

Det norske announced an oil discovery at Langfjellet with preliminary volume estimates for the discovery in the range of 24 to 74 million barrels of oil.

Aug 31

Closing of the transaction between Det norske and BP Norge

The transaction between Det norske and BP Norge was closed. Det norske oljeselskap ASA changed name to Aker BP ASA, and the ticker on Oslo Stock Exchange was changed to AKERBP.

Sep 30

Acquisitions of Tullow licences

Aker BP announced the acquisition of licenses from Tullow Norge AS. The transaction comprised working interest in eight licenses, including 15 percent in the Oda (previously known as Butch) discovery in PL 405.

Oct 3

Start-up of production from Viper and Kobra

Aker BP announced the start-up of production from Viper-Kobra, which is tied back to the Alvheim FPSO. The project was developed on time and within budget. More about Viper and Kobra »

Nov 10

Production started at the Ivar Aasen field

The first oil was produced by the Ivar Aasen field in the North Sea. The start-up was according to the plan, and the development completed within budget and without serious incidents. More about Ivar Aasen »
Dec 24

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