Merger between Aker BP and Lundin Energy’s E&P business completed
Lundin Energy’s E&P business was transferred to Aker BP on 30 June. “Our ambition is to create the world’s best oil and gas company with low costs, low emissions, profitable growth and attractive dividends. We will also play an important role in the global energy transition,” says Aker BP CEO, Karl Johnny Hersvik.
The merged company is the second largest operating company on the Norwegian continental shelf (NCS). The company 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.
“In 2016, Aker ASA worked in tandem with bp to merge Det Norske and BP Norge into Aker BP. The ambition back then was to create the leading exploration and production company offshore. Now we’re taking another big step, in cooperation with the Lundin family. Together, we will work to develop Aker BP into the oil and gas company of the future. We will lead the way when it comes to low costs, low carbon, profitable growth and attractive dividends. We will also take the lead to bring about fundamental improvements, such as through digitalisation,” says chair of Aker BP’s board, Øyvind Eriksen.
Lundin Energy’s oil and gas operations were transferred to Aker BP on 30 June.
Here is useful information for suppliers, who will experience changes in connection with the acquisition.
Secures new, future-oriented offices in Stavanger
Aker BP and Aker Solutions have signed a long-term agreement with owner and real estate developer Hinna Park Utvikling (HPU) for modern and energy efficient office buildings in Stavanger from 2024/2025.
The new office complex will be located seaside near the leaning tower in Jåttåvågen. The total contruction cost is NOK 2 billion.
Press release: Conversion stop in Aker BP SDRs
We hereby inform that from 10 August 2022 until 30 August 2022 it will not be possible to execute CBT (Cross border transaction) to/from Sweden to convert Aker BP SDRs (ISIN SE0017486566) to ordinary Aker BP shares (ISIN NO0010345853) because of the record date for the upcoming
Press release: Notice of Extraordinary General Meeting
The board of directors of Aker BP ASA hereby convenes an extraordinary general meeting on 26 August 2022 at 13:00 hours (CET). The general meeting will be held digitally. Link for participation in the meeting will be made available at https://akerbp.com/general-meeting/ The board of
Press release: Merger plan signed with wholly owned subsidiary
Following closing of the transaction with Lundin Energy AB on 30 June 2022, Aker BP ASA (“Aker BP”) aims at consolidating the activities of certain former Lundin Energy subsidiaries into Aker BP. As a first step, a merger is proposed between Aker BP as the surviving entity and ABP Energy
Press release: Aker BP: Key information related to cash dividend
The following sets out the cash dividends to be paid by Aker BP in the third quarter 2022: Dividend amount: USD 0.525 per share (NOK 5.20559 per share) Declared currency: USD Last day of trading including right: 15 August
Press release: Second quarter 2022 results
Aker BP reports operating profit of USD 1,128 million and net profit of USD 188 million in the second quarter 2022. The acquisition of Lundin Energy’s oil and gas activities was completed on 30 June. Highlights Acquisition of Lundin Energy’s oil and gas activities
Press release: Second quarter 2022 trading update
Aker BP will publish its financial report for the second quarter 2022 on Wednesday 20 July 2022. The company issues this trading update to summarize its production and sales volumes and related topics for the quarter. Oil and gas production and sales Aker BP produced 181.3 thousand barrels of oil
Press release: Gas discovery near the Skarv field
Aker BP has completed drilling of the Storjo exploration well in production license 261 near the Skarv field in the Norwegian Sea. The well has encountered gas in several geological formations. The preliminary estimate of recoverable gas volume is between 25 and 80 million barrels of oil
Press release: Approved development plan for Frosk in the Alvheim area
The Norwegian Ministry of Petroleum and Energy has today approved the Plan for development and operation (PDO) for Frosk in the Alvheim area. The operator Aker BP and licence partners Vår Energi AS and Lundin Energy Norway AS* submitted the PDO to the Ministry in September last year
Press release: Change of ex date for Q3 dividend
Reference is made to Aker BP's announcement from 21 December 2021 with indicative information related to 2022 cash dividends. For the third quarter 2022, the key dates are now expected to be as follows: Last day of trading including right: 15 August 2022 Ex-date: 16 August 2022 Record
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