Aker BP wins two prestigious awards
Aker BP has won two prestigious awards in the “Awards of Excellence” by The Energy Council. CEO Karl Johnny Hersvik accepted the awards on behalf of Aker BP at a ceremony in London Tuesday night.
Aker BP won in the two categories best “Mid Cap” and “Deal of the Year”.
It is the acquisition and integration of Lundin Energy Norway that is awarded “Deal of the Year”.
The jury states; “With the integration of Lundin, Aker BP is the largest listed E&P company focused exclusively on the Norwegian Continental Shelf and has been lauded across the sector.
Lundin held a portfolio of high-quality, low-emissions assets and synergies, that came at a premium but were worth every penny. Any deal of such size and stature will be challenging to get over the line, however in this instance, it was done so with superb and ultimately, successful execution.”
The jury also mentions the acquisition of Lundin in the “Mid Cap” category as well;
“Having previously struggled to compete for capital within the BP business, under the new structure Aker BP has seen successful expansion. Most notably, the 2022 acquisition of Lundin provided more scale and enhanced greening credentials. Following the merger Aker BP is working on a total of 15 development projects on the Norwegian Continental Shelf and is set to invest over $15billion in the area over the next 5-6 years. This investment is expected to increase production by 125 000bpd by 2028, a significant addition to the company’s current 400 000bpd.”
Aker BP’s CEO, Karl Johnny Hersvik was proud to accept the awards.