Our investment proposition

Aker BP’s primary mission is to create value, and we believe we are uniquely positioned to do so. Aker BP’s competitive advantage – and our ability to generate superior returns – is rooted in the following key value drivers:

  • World-class assets with high efficiency and low costs
  • The lowest climate footprint in the global oil and gas industry, with a clear path to achieving net-zero emissions across operations by 2030
  • Leading the way in transforming the oil and gas industry through digitalisation and strategic alliances
  • Profitable growth from a unique resource base
  • A strong financial position and growing dividends

In sum, we are convinced that these factors will drive superior returns. Scroll down to learn more.

World-class assets with high efficiency and low cost

We produce oil and gas from a world-class asset base located on the Norwegian continental shelf, characterized by high efficiency and low costs, and with significant upside potential from near-field exploration.

We operate the production hubs Alvheim, Edvard Grieg/Ivar Aasen, Valhall, Skarv, and Ula. Additionally, we are a partner in the giant Johan Sverdrup field.

Low emissions and a clear path to net zero

Aker BP is a pure-play oil and gas company. Our role is to produce oil and gas at a low cost and with minimal emissions. We contribute to the energy transition by maximising value creation, minimising emissions, and sharing data and expertise with other industries. Our greenhouse gas (GHG) emissions are among the lowest in the industry, and we have a clear path to achieving net-zero emissions across our operations by 2030 (scope 1 and 2).

Driving industry transformation


We believe digitalisation is an essential enabler for building the oil and gas company of the future. Our goal is to become the world’s first data-driven oil and gas company. A key part of achieving this goal is having access to trustworthy data that can be efficiently distributed to the right people or machines at the right time. As a company, we have been diligently working on this for many years, with significant success.


We believe that the traditional project execution model in our industry is inefficient. It is characterised by fragmented project organizations, excessive interfaces between customers and suppliers, and a lack of alignment of incentives. These issues result in poor quality, delays, and cost overruns.

In response to these challenges, we have developed the alliance model, which removes the barriers between suppliers and customers by establishing integrated teams with common goals and shared incentives. We maintain these teams over time to maximise learning across projects, thus improving quality and efficiency. Furthermore, we involve our suppliers in the early phases of our projects, enabling us to reserve capacity and reduce supply chain risks.

Profitable growth from unique resource base

Aker BP has been building a unique resource base through successful exploration and business development transactions. In 2022, we made investment decisions for several projects that will develop more than 700 million barrels of these resources over the coming years. With break-even oil prices below $40 per barrel, these projects will create significant value for shareholders and society as a whole.

Financial strength and growing dividends

We invest in high-return projects with low break-even oil prices, which will arrest underlining decline and generate profitable growth. We have a robust financial framework that enables us to fund the investments while also continuing to increase dividends for our shareholders. This is our recipe for creating sustainable shareholder value as an oil and gas company.