All ex-Lundin employees fully integrated into the Aker BP organization

From 1 October all employees from the former Lundin Energy’s E&P business are fully integrated into the Aker BP ASA organization, led by an adjusted Executive Management Team.

“Our ambition is to create the E&P company of the future with low costs, low emissions, profitable growth and attractive dividends. The leading company needs to have the leading team. With all employees now integrated into one Aker BP organization, I’m confident that we have the best team on the Norwegian shelf,” says Aker BP CEO, Karl Johnny Hersvik.

The Lundin Energy’s E&P business was transferred to Aker BP on 30 June, and the subsidiary’s name changed from Lundin Energy Norway AS to ABP Norway AS. Since 1 July it has been operating as a fully owned subsidiary of Aker BP ASA and branded under the Aker BP logo.

From 1 October, all employees are fully integrated and have an e-mail address.

The Edvard Grieg hub are operated- and managed by personnel in Aker BP from this date as well.

The Executive Management Team (EMT) is adjusted, reflecting the company’s strategy, set-up and activity set.
Final step: One single entity 
The legal entities Aker BP ASA and ABP Norway AS will both exist, awaiting the final merger into one single legal entity. 

The final merger, transferring assets, rights and obligations, including remaining contracts, from ABP Norway AS to Aker BP ASA is planned to be completed as soon as practically feasible, estimated within year end 2022. 

Second largest on the NCS
The merged company is the second largest operating company on the Norwegian shelf. Aker BP has a substantial resource base which provides a very good foundation for further growth and leads the way in terms of both low costs and low emissions per barrel. 

PS: Info for suppliers and license partners
Suppliers and partners to both entities have received information directly from Aker BP ASA and ABP Norway AS related to practical consequences in the interim period until the final consolidation into one single entity.