Corporate governance in Aker BP

Aker BP’s objective is to maximise value creation over time in a safe and prudent manner. To accomplish this, it is essential to have an effective governance framework that clearly delineates responsibilities and roles between the shareholders, the board of directors, and the corporate management.

General meeting

The general meeting is the highest authority of the company. Aker BP’s articles of association and the Norwegian Public Limited Companies Act stipulate the role and mandate of the general meeting which we follow.

The annual general meeting (AGM) is normally held in April each year. Notice with agenda for the AGM is distributed to shareholders registered with the Norwegian Central Securities Depository (VPS), no less than two weeks before the event. Aker BP encourages its shareholders to use the right to submit proposals and vote, either in person or by proxy. Minutes are published on our website.

The board may at any time call an extraordinary general meeting (EGM). If an auditor or shareholder representing at least five per cent of the share capital requests an EGM to discuss a particular matter, the board of Aker BP will ensure that the meeting is held within a month of the request being submitted.

Relevant documentation regarding past and future general meetings in Aker BP can be found on

Board of directors

The board is responsible for decision-making on, and supervision of, the company’s business operations and management, including strategies and targets related to sustainable development.

The objectives of the board’s work are to create value for the company’s shareholders in both the short and long term and to ensure that Aker BP fulfils its obligations.

An important task for the board is to appoint the CEO and while the CEO is responsible for the day-to-day management of the company’s business activities, carried out by the executive management team (EMT), the board acknowledges its responsibility for the overall management of the company. The board is responsible for:

  • Reviewing strategic plans and supervising these through regular reporting and feedback
  • Reviewing significant risks to Aker BP’s activities and overseeing the establishment of appropriate systems to monitor and manage such risks
  • Ensuring that shareholders have access to timely and correct information about financial circumstances and important business-related events in accordance with relevant legislation
  • Ensuring the establishment and securing the integrity of the company’s internal control and management systems

Aker BP’s board of directors consists of the following members:

Øyvind Eriksen
Shareholder-elected Chair and Chair of the Compensation and Organisational Development Committee
Eriksen is the President and CEO of Aker ASA. He has worked for Aker since 2009. Eriksen has extensive experience as a corporate attorney from the Norwegian law firm BA-HR, where he started in 1990, became a partner in 1996 and a director/chairman in 2003. He has worked with strategic and operational development, M&A and negotiations. Eriksen has held several board positions in various industries including shipping, finance, asset management, offshore drilling, fisheries, media, trade and industry. Eriksen holds a law degree from the University of Oslo.

Eriksen is chairman of the board in Aker BP ASA, Cognite AS, Aker Capital AS, Aker Holding AS, Aker Horizons ASA, Aker Property Group AS, C4IR Ocean, the VI Foundation, and REV Ocean AS. He is also a director of several companies, including Aker Solutions ASA, Aker BioMarine ASA, Aker Energy AS, Aker Carbon Capture ASA, Aker Clean Hydrogen AS, Aker Mainstream Renewables AS, The Resource Group TRG AS, TRG Holding AS and the Norwegian Cancer Society (Kreftforeningen). He is also a member of the World Economic Forum C4IR Global Network Advisory Boar.
Anne Marie Cannon
Shareholder-elected Deputy Chair and Member of the Audit and Risk Committee
Cannon has more than 40 years’ experience in the oil and gas industry and investment banking and is an experienced director, holding executive and non-executive roles.

She has served as the Deputy Chair of the board since 2013, and is a member of the Audit and Risk Committee and Organisational Development and Compensation Committee at Aker BP. Since 2019, she has been a Senior Advisor in the Strategic Advisory business at PJT Partners and from 2000, was a Senior Advisor at Morgan Stanley focusing on international upstream M&A. Prior to this, Cannon was an executive director on the boards of Hardy Oil & Gas and British Borneo, and earlier in her career was a director in investment banking at J Henry Schroder Wagg and held senior financial roles at Shell UK. Cannon holds a Bachelor of Science (Honours) Degree from Glasgow University and is a Fellow of the Energy Institute.

Cannon is a non-executive director on the board of Aker Energy AS, STV Group plc and Harbour Energy plc.
Kjell Inge Røkke
Shareholder-elected Member
Røkke has been a driving force in the development of Aker since the 1990s. Røkke launched his business career with the purchase of a 69-foot trawler in the United States in 1982, and gradually built a leading worldwide fisheries business. In 1996, the Røkke-controlled company RGI purchased enough Aker shares to become Aker’s largest shareholder, and later merged RGI with Aker. Røkke owns 68.2% of Aker ASA through The Resource Group TRG AS and subsidiaries.

Røkke is Aker ASA’s primary owner and Chairman. He is currently a director in several companies, including Aker Solutions ASA, Aker BioMarine ASA and Aker Horizons ASA.
Trond Brandsrud
Shareholder-elected Member and Chair of the Audit and Risk Committee
Brandsrud serves as a non-executive director and industry advisor. From 2016 to 2019, he held several CEO and CFO roles in the financial services companies Lindorff, Intrum and Lowell, and from 2010 to 2015, he served as the Group Chief Financial Officer of Aker. In the period from 2007 to 2010, he served as the CFO of the Seadrill Group. Prior to these roles, Brandsrud had 23 years of experience from leading finance positions in Shell. Brandsrud holds a master’s degree in finance from NHH Norwegian School of Economics.

Brandsrud is a non-executive director and board member of PGS ASA, the Lowell Group (Simon Midco Ltd) and Lowell Finans AS. He also has a part time executive assignment with Waterise AS.
Kate Thomson
Shareholder-elected Member and Member of the Audit and Risk Committee
Thomson is the CFO for the BP p.l.c. Group, having previously held the positions of SVP Finance P&O, Group Treasurer, and Group Head of Tax.

Prior to joining BP p.l.c., Thomson qualified as a chartered accountant with Deloitte. She moved into international tax with Charter plc, where she became Head of Tax in 1998, before joining Ernst & Young in 2001 in M&A tax.

Thomson is also a director of several BP p.l.c. Group companies and a member of the Institute of Chartered Accountants in England and Wales.
Charles Ashley Heppenstall
Shareholder-elected Member
Heppenstall is the previous President & CEO for Lundin Petroleum AB (2002 – 2015).

He has a bachelor (honors) from Duham University.

Heppenstall is a board member in Lundin Mining, Lundin Gold, International Petroleum Corporation, and Orron Energy AB.
Doris Reiter
Shareholder-elected Member
Reiter is BP p.l.c.’s senior vice president for UK North Sea. The first female to hold this position, she is responsible for the company’s strong oil and gas portfolio in the UK continental shelf.

Reiter is a reservoir engineer by background and holds a PhD in petroleum engineering from Texas A&M University. She joined BP p.l.c. in 1998 and her career has taken her across the globe, from the Gulf of Mexico to Angola, working in multiple engineering and technical leadership roles.

Reiter is also director of several BP p.l.c. Group companies and a member of the Offshore Energies UK board.
Valborg Lundegaard
Shareholder-elected Member
Lundegaard is a special advisor and former CEO of Aker Carbon Capture, a pure play carbon capture company offering environmentally friendly solutions for removing carbon emissions. Lundegaard is Chemical Engineer with more than 30 years’ experience from the energy industry, including key management positions in Aker Solutions. Her experience includes corporate and project management, international business development and several development projects.
Ani Isabel Chiang
Employee-elected member
Chiang has been employed by Aker BP since 2014. She’s working in the Commercial & Sales team, with main responsibility for commercial and terminal operation at Alvheim and Skarv.
Prior to this position, she was a Hydrocarbon Management Engineer with main focus on Alvheim and Ivar Aasen.

Chiang also has experience from the supplier industry within project management for both topside and subsea commissioning and decommissioning deliveries.

Chiang holds an degree in Gas and Energy Technology from the University of Southeast Norway, in addition to a Trade Certificate in Process and Chemical Prosessing.

Chiang has been the company’s NITO main trustee since 2019, and has more than 13 years of experience within the oil industry.
Marit Dørum
Employee-elected member
Marit has followed up the Johan Sverdrup field since she was employed in 2013. Marit has also followed up Wisting in the Barents Sea since it entered the company’s portfolio.

Eight years ago, Marit was elected deputy leader in Tekna’s corporate group and she has held this position ever since. Marit is deputy chairperson of Aker FAU’s (Functional Work Committee at Aker) board and she has several positions related to the role of union representative.

Marit has a degree in geophysics/civil engineering from NTNU. She has over 25 years of experience within the oil industry both for oil companies and software companies.
Ingard Haugeberg
Employee-elected member
Haugeberg serves as a full-time employee representative. Prior to this position, he was the HSSE Site Lead on the Ula field. Haugeberg has broad experience from the Royal Norwegian Air Force in Bodø as a technical grenadier and as department manager for Safelift A/S. He started in Amoco Norge as a mechanic on the Valhall field in 1991. He has held several positions in BP p.l.c. Norge since 1998.

Haugeberg has held a number of different directorships in BP p.l.c. Norge, Industrimaskiner A/S, Global Clean Energy, I/E Media and trippEl A/S.

Haugeberg was trained as an electro mechanical repair tech at the Royal Norwegian Air Force technical school at Kjevik and has a company-approved bachelor in mechanics.
Thomas Husvæg
Employee-elected member
Husvæg has been employed by Aker BP since 2018 and is today responsible for the EPCi delivery of Subsea Production Systems for the Utsira High field development in the Edvard Grieg / Ivar Aasen area. He has previously held roles as Project Manager in Operations, Business Manager for the Fixed Facilities Alliance, and Finance Manager for Projects.

He has an extensive Projects background from both Contractor and Operator roles in both Norway and internationally, starting his career in Deloitte as a management consultant before moving to GE Oil&Gas / BakerHughes GE and then Aker BP.

Husvæg has a Masters of Science (Siv.Ing.) in Industrial Economics from NTNU and more than 15 years of industry experience.
Tore Vik
Employee-elected member
Tore has been employed by Aker BP since 2013 and is a full-time trustee. He has previously worked as an electrician on the Ivar Aasen platform.

Tore has over 30 years of experience as an electrician with both high-voltage and low-voltage papers. He has worked many years as an electrician / automator on drilling rigs and on ships.


Audit and Risk Committee

The audit and risk committee (ARC) assists the board’s responsibilities within integrity of financial reporting and the financial reporting process. The committee holds regular meetings and reviews the quality of all interim and annual reports before they are reviewed by the board of directors and then published. The ARC also reviews the company’s sustainability report.

The audit and risk committee consists of:

  • Trond Brandsrud, chair
  • Anne Marie Cannon
  • Kate Thomson

Compensation and Organisational Development Committee

The compensation and organisational development committee is established to ensure that remuneration arrangements support the strategy of the business and enable the recruitment, succession planning and leadership development, and motivation and retention of senior executives. It needs to comply with the requirements of regulatory and governance bodies, satisfy the expectations of shareholders and remain consistent with the expectations of the wider employee population. Further, the committee shall ensure that the overall organizational structure is set up to deliver on the company’s strategy going forward.

The compensation and organisational development committee consists of:

  • Øyvind Eriksen, chair
  • Anne Marie Cannon
  • Marit Dørum

Safety and Environmental Assurance Committee

The safety and environmental assurance committee (SEAC) is established to strengthen the company’s work on health, safety, cyber security, and environmental matters. The main responsibility is to assure that the HSSE work is adequately and properly organised and addressed throughout the entire company, and that the HSSE policy and governing processes are embedded in all operations.

The committee reports to the board on a quarterly basis and consists of the following members:

  • Fawaz Bitar, SVP HSE & Carbon, bp – chair
  • Karl Johnny Hersvik, CEO, Aker BP
  • Marit Blaasmo, SVP HSSEQ, Aker BP
  • Knut Sandvik, SVP Projects, Aker BP
  • Mike Zanghi, VP Safety and Operational Risk Assurance, Wells, bp
  • Doris Reiter, SVP North Sea, bp
  • Tommy Sigmundstad, SVP Drilling and Well, Aker BP
  • Kelli Gustaf, Business Advisor, HSE & Carbon, bp
  • Henry Barda, bp
  • Georg Vidnes, SVP Operations, Aker BP
  • John Nugent, Strategy & Risk Lead, bp

Nomination Committee

The nomination committee is elected by the general meeting and consists of four members. As set out in Aker BP’s articles of association, the nomination committee’s responsibility is to recommend candidates to, and remuneration of, the board of directors and the nomination committee.

The nomination committee consists of the following members:

Svein Oskar Stoknes
Chair of the Nomination Committee
Svein Oskar Stoknes has been CFO at Aker ASA since August 2019. Prior to this, he served as CFO at Aker Solutions, where he joined in 2007 and was named CFO in 2014. Previously, Mr. Stoknes held a range of senior positions within finance and advisory for organizations like Tandberg, Citigroup and ABB. He graduated from the Norwegian School of Management and has an MBA from Columbia Business School in New York.

Stoknes has served as the chair of Aker BP’s nomination committee since 2020 and was re-elected in 2022 for a term of two years.
Donna Riley
Member of the Nomination Committee
Donna Riley serves as VP HR in BP. Riley (1969) graduated from Warwick University in 1991, and has worked in a number of BP’s upstream regions, as well as in BP’s corporate centre.

Riley has served as a member of Aker BP’s nomination committee since 2020 and was re-elected in 2022 for a term of two years.
Ingebret G. Hisdal
Member of the Nomination Committee
Ingebret G. Hisdal (1949) is a state authorised auditor. He was the head of Deloitte Norway in the period 1992 to 2011 and a partner in the same company until June 2017. Today he runs his own consultancy business.

Hisdal is a former member of the professional organisation Norsk Regnskapsstiftelse and of the IFRS Advisory Council, a body that advises the International Accounting Standards Board in London. He is a former Chair of Den Norske Revisorforening.

Hisdal has served as a member of Aker BP’s nomination committee since 2020 and was re-elected in 2022 for a term of two years.
Ian Lundin
Member of the Nomination Committee
Ian Lundin (born 1960) was the Chairman of Lundin Energy from 2001 to 2022, when the company was acquired by Aker BP. He holds a B.Sc. Petroleum Engineering from the University of Tulsa.

Lundin was elected as a member of Aker BP’s nomination committee in 2023 for a term of two years.

Executive management team

Karl Johnny Hersvik
Chief Executive Officer
Karl Johnny Hersvik has been CEO of Aker BP since May 2014. Prior to joining Aker BP, he served as head of research for Statoil. Hersvik has held a number of specialist and executive positions with Norsk Hydro and StatoilHydro.

Hersvik holds a Cand. Scient. (second cycle) degree in Industrial Mathematics from the University of Bergen.

Hersvik is chairman of the board of RunwayFBU, and member of the Board of Directors at Offshore Norway, the International school of Bergen (ISB), and Clara Venture Labs.
David Tønne
Chief Financial Officer
Tønne has been the Chief Financial Officer of Aker BP ASA since January 2019 after advancing from the position of VP Corporate Controlling. Tønne has been with Aker BP since January 2017.

Prior to joining Aker BP, Tønne worked for the Boston Consulting Group where he co-led the Nordic Energy Practice Area supporting clients in O&G, Private Equity, Shipping and Industrial goods across a wide range of functional topics in Europe, North America and the Middle East.

Tønne holds a master’s degree in finance from the Norwegian School of Economics (NHH).
Per Harald Kongelf
Chief Operating Officer
Kongelf is responsible for Aker BP’s improvement program.

Prior to joining Aker BP, he served as head of Norwegian operations in Aker Solutions. He has more than 30 years of industrial experience from numerous technical and management positions in Aker Solutions.

Kongelf holds a master’s degree from the Norwegian University of Science and Technology (NTNU).

Kongelf is a board member and Aker representative for Eureka Logistics AS, Eureka Pumps AS, FPE Sontum AS and Origo Solutions AS.
Marit Blaasmo
SVP People & Safety
Blaasmo has been the SVP for People and Safety since 1 October 2022. She has been SVP HSSEQ since 2019. Prior to this, she held the position as responsible for the Drilling & Wells performance and improvement agenda. Blaasmo has been with the company since August 2017.

She holds more than 18 years’ experience from Equinor and Baker Hughes INTEQ and has held multiple operational and management positions within Drilling & Wells disciplines.

Blaasmo holds a master’s degree in Petroleum Engineering from the Norwegian University of Science and Technology (NTNU).
Paula Doyle
Chief Digital Officer
Doyle is Chief Digital Officer in Aker BP. She comes from the position as Senior Vice President of Sales and Marketing at Cognite, where she was also part of the Executive Management Team.

Doyle joined Aker BP in 2022. She has held a variety of roles within the oil and gas industry for companies such as ABB and Siemens, in Norway and the Middle East. During her time in the Middle East, Doyle established and ran a non-profit industrial technology organisation.

Doyle has a deep knowledge of industrial software space and digitalization processes in heavy-asset industries, and holds a PhD in Computer Engineering from the University of Limerick.
Talar Arif
Talar Arif has been serving as the SVP for Ula since February 2024. She joins us from her role as HSE&Q Manager for field operations, where she held responsibilities for HSEQ, occupational health, and environmental aspects related to Aker BP’s producing assets. Arif has been with the company since 2015 and brings extensive expertise in risk management, HSEQ, performance, and improvement.

Prior to her current position, Arif worked with HSEQ at Shell. She also gained experience in supply chain management, maintenance, and data management at BP Norge.

Arif holds a Bachelor’s degree in Computer Engineering and a Master’s degree in Security and Risk Management from the University of Stavanger.
Marte Mogstad
SVP Skarv
Marte Mogstad assumed the role as Asset Manager for Skarv on May 1, 2024. She joined from her position as Executive Vice President at Aker Solutions.

She brings over 20 years of experience from the oil & gas and renewable energy sectors. Throughout her career, Mogstad has held several leadership positions in operational management and business development, including three years as a member of the Executive Management Team at Aker Solutions, responsible for Engineering and most recently New Energies.

Mogstad holds a master’s degree in mechanical engineering from the Norwegian University of Science and Technology (NTNU).
Knut Sandvik
SVP Projects
Sandvik has been SVP Projects in Aker BP since July 2019. He has more than 30 years’ experience from the oil & gas industry. Throughout his career, Sandvik has held various senior project and leadership positions across Aker Solutions, including four years as a member of the Executive Management Team.

Sandvik holds a degree in Mechanical Offshore Engineering from Heriot-Watt University in Scotland.
Tommy Sigmundstad
SVP Drilling & Wells
Sigmundstad has been SVP Drilling & Wells in Aker BP since 2016. Prior to this, he was Vice President Wells in BP Asia Pacific.

Sigmundstad has broad experience within the oil and gas industry from companies such as Baker Hughes and Philips, before joining BP in 2000. Within BP, Sigmundstad has held various operational, engineering and management positions in Norway, the United Kingdom, Azerbaijan and Indonesia.

Sigmundstad holds a master’s degree in petroleum engineering from the University of Stavanger.

Sigmundstad is a member of the board of directors in MHWirth.
Per Øyvind Seljebotn
SVP Exploration & Reservoir Development
Seljebotn has been the head of exploration and reservoir development since he started at the company in 2022.

Seljebotn has more than 20 years of experience from exploration activity and oil recovery on the Norwegian shelf and UK shelf. He previously spent 10 years at Lundin in various positions. He was responsible for reservoir development in Lundin starting in 2015, and in 2020 he also took on responsibility for exploration in Lundin. Seljebotn has also worked for Marathon Oil, Noreco and ExxonMobil.

Seljebotn has a master’s degree in geophysics from NTNU.
Georg Vidnes
SVP Grieg Aasen
Vidnes has been SVP Grieg-Aasen since 1 May 2024, after heading up Operations since 1 September 2020. Vidnes started working for the company in 2019, where his first role was as project manager for establishing the company’s operating model.

Vidnes has more than 25 years of experience from operating companies such as Statoil, Talisman and Repsol Sinopec, with an emphasis on drilling & wells, asset management, operations, and major change projects. He has held positions as OIM, VP of Production, area director, and has been at the helm of major organisational transition projects.

Vidnes has a master’s degree in mechanical engineering from the Norwegian Institute of Technology (NTH), now the Norwegian University of Science and Technology (NTNU) in Trondheim.
Ine Dolve
SVP Alvheim
Dolve has been the SVP Operations and Asset Development since July 2020. She comes from the position of VP Operations & Asset development for Skarv in Aker BP. She has worked with the company since 2010 and been involved in various key projects to develop and improve both company and industry performance.

Before joining Aker BP, she worked in management consulting (PwC) within finance, management of change and digitalisation for O&G. She also has several years of experience from the Armed Forces, nationally and internationally.

Dolve holds a master’s degree in Finance and International Management from NHH Norwegian School of Economics / ESADE, Barcelona. She is also educated at the Air Force Officer Candidate School and the Norwegian Naval Academy in Bergen.
Lars Høier
SVP Yggdrasil
Høier has been SVP and Asset Manager for NOAKA since August 2020. He joined Aker BP in 2019 as VP for Concept Development and Technology.

Høier has more than 20 years of experience from Equinor, with positions as SVP for R&D, as well as production director for several assets, including the Troll field.

Høier holds a Master of Science degree in Physics from the University in Oslo and a PhD in Petroleum technology from the Norwegian University of Science and Technology (NTNU).
Thomas D. Hoff-Hansen
Chief Information Officer (CIO)
Thomas D. Hoff-Hansen has been serving as the Chief Information Officer since February 2024. Prior to this, he served as the Director for Operations and Field Development in the Ula, and previously the Alvheim area. Hoff-Hansen has been an integral part of our company since early 2009, accumulating extensive experience in diverse technical roles and demonstrating effective leadership both offshore and onshore.

Before joining Aker BP, Hoff-Hansen worked in automation and instrumentation at ExxonMobil.

Hoff-Hansen holds a Master’s degree in engineering and cybernetics from the University of Stavanger.
Thomas Øvretveit
SVP Operations
Øvretveit assumed the position as SVP Operations 1 May 2024, after being SVP for Skarv since April 2022.

Øvretveit has more than 25 years of experience from various positions at Equinor, including as head of the process plant at Mongstad Refinery, production manager on Troll and Oseberg, improvements manager, OIM, superintendent and O&M Manager, as well as process engineer and process technician. He started out as an apprentice at Mongstad in 1996.

Øvretveit is a process engineer and skilled worker, and has completed military officer training.

Ole Johan Molvig
SVP Valhall
Molvig has been the Valhall Asset Manager since 2020, and comes from the role of SVP Reservoir.

Molvig has worked for the company since 2009, and came to Aker BP via Det Norske, where he held the position of VP Subsurface.

Molvig has extensive and varied experience from the oil and gas industry. He has worked for companies such as ExxonMobil, Statoil and Marathon Oil.

Molvig has a master’s degree in Mechanical Engineering from NTNU in Trondheim.

Remuneration in Aker BP

Remuneration in Aker BP consists of a base salary, a pension contribution, an annual bonus based on company performance, and a long-term share-based incentive plan (LTIP). Members of executive management team (EMT) are covered under the same budget, guidelines, and limitations as other onshore personnel in the company.

Fixed pay

The base salary levels are determined considering the nature of the individual role, individual considerations, the market positioning, and remuneration conditions at Aker BP, and is reviewed annually. Pension is based on a defined contribution plan and is capped at 12x the National Insurance Scheme basic amount.

Bonus system

The bonus is determined by the board based on an assessment of the company’s performance on a predefined set of KPIs and company priorities. Maximum bonus potential for the EMT corresponds to 60 percent of base salary. For other employees, the maximum bonus varies from 10 to 30 percent depending on position level.

Long-term incentive programme (LTIP)

Aker BP’s long-term incentive programme (LTIP) is designed to incentivise the EMT to deliver on the company’s long-term business objectives and maximise alignment with shareholder value creation.

The LTIP is a share-based scheme in which grants are awarded annually, vested over a three-year period, and subject to a one-year lockup. Each grant represents one underlying share, and the number of grants awarded corresponds to 20 percent of base salary divided by the Aker BP share price at the time of the award.

The final number of shares awarded at the end of the vesting period will be adjusted by up to +/- 100 percent based on an assessment of relative shareholder return measured against a benchmark consisting of an equal-weighted basket of the Oslo Energy Index, Stoxx 600 Europe Oil & Gas index and the S&P Commodity Producers Oil & Gas Exploration & Production Index, according to the table below. The number of shares will also be adjusted for dividends paid during the vesting period.

OutperformancePerformance adjustmentPayout of base salary
30 percent or more+100 percent40 percent
15 percent+50 percent30 percent
0 percent0 percent20 percent
-15 percent-50 percent10 percent
Less than -15 percent-100 percent0 percent

The following grants have been awarded under the LTIP (before any adjustments):

Name2022 grants
vesting 2025
2023 grants
vesting 2026
Maximum achievable
number of shares*
Marit Blaasmo1,4682,4007,736
Ine Dolve1,8402,5688,816
Paula Doyle2,0282,97210,000
Karl Johnny Hersvik4,9257,27824,406
Thomas Hoff-Hansen1,3862,1277,026
Lars Høier1,8502,7439,186
Per Harald Kongelf2,1253,31110,872
Ole Johan Molvig1,8862,7649,300
Knut Sandvik1,8632,7369,198
Per Øyvind Seljebotn1,3472,6377,968
Tommy Sigmundstad1,9222,8239,490
David Tønne1,9213,39610,634
Georg Vidnes1,3982,4867,768
Thomas Øvretveit1,2762,1276,806
* Sum of grants for 2022 and 2023, assuming maximum performance score, before dividend adjustments.

More details in Aker BP’s annual and remuneration reports:

Annual report 2023 PDF
Annual report 2022 PDF
Remuneration report 2022 PDF
Annual report 2021 PDF
Remuneration report 2021 PDF
Annual report 2020 PDF

Primary insiders (PDMR)

Companies listed on Oslo Børs have an obligation to maintain updated lists of persons discharging managerial responsibilities (PDMRs, or “primary insiders”). Primary insiders and their closely associated persons are required to notify Oslo Børs and Norwegian authorities (Finanstilsynet) of any transactions related to Aker BP shares, bonds and other related financial instruments.

The table below shows the primary insiders and their current shareholding in Aker BP. Potential future awards of shares under the LTIP (see the previous section) are not included here.


  • The numbers include shares held in companies where the insider has a controlling interest.
  • Karl Johnny Hersvik owns 50 percent of NO 11 Invest AS, which holds 10,355 AKRBP shares. These shares are not included in the numbers above.

Insider transactions

Insider Instrument Transaction Delta Price Date


PricewaterhouseCoopers AS
Dronning Eufemias gate 71
N-0194 Oslo

PwC Norway

Articles of association

Updated 14 April 2023

1. Name of the company
The Company’s name is Aker BP ASA. The Company is a public limited company.

2. Registered address
The Company’s registered address is in the municipality of Bærum.

3. Company objective
The Company’s objective is to carry out exploration for, and recovery of, petroleum and activities related thereto, and, by subscribing for shares or by other means, to participate in corresponding businesses or other business, alone or in cooperation with other enterprises and interests.

4. The company’s share capital
The Company’s share capital is NOK 632,022,210, fully paid and divided into 632,022,210 shares, each with a nominal value of NOK 1. The Company’s shares shall be registered with the Norwegian Central Securities Depository.

5. The Board of Directors
The Company’s Board of Directors shall consist of up to fourteen members.

6. Signature
The Chairman of the Board of Directors and one board member jointly are authorised to sign on behalf of the Company. The Board of Directors can grant powers of procuration.

7. General Meeting
The Annual General Meeting shall be held each year within a period of 6 months from the end of the financial year. During the period of notice of the General Meeting, the documents shall be available at the Company’s office for the shareholders’ inspection.

When documents pertaining to business to be dealt with by the General Meeting are made available to shareholders at the Company’s website, the requirement of the documents to be sent to the shareholders shall not apply. This also applies to documents that by law shall be included in or attached to the notice of the Annual General Meeting.

The Board of Directors may decide that it shall be possible for shareholders to cast their votes in writing, including by means of electronic communication, in a given period prior to the general meeting. Satisfactory methods shall be used in order to authenticate the sender.

8. Nomination Committee
The Company shall have a Nomination Committee consisting of up to 4 members elected by the General Meeting. The majority of the members of the Nomination Committee shall be independent of the Board of Directors and the general management.

The Nomination Committee shall recommend candidates to the Board of Directors, the Corporate Assembly and the Nomination Committee, and remuneration of the Board of Directors, the Corporate Assembly and members of the Nomination Committee. The Nomination Committee’s recommendations shall be well-grounded.

The Nomination Committee’s members are elected for two years.