Our operations

Net production
210.7 thousand
barrels / day

(2020)

Production efficiency
92%

(2020)

At Aker BP, we produce energy that the world needs, and we contribute with raw materials to a number of products that are used in our daily lives. At the same time, we are working to reduce our emissions, revolutionize the oil industry and help finance the green shift.

Aker BP is the operator of the field centers Valhall, Ula, Ivar Aasen, Alvheim and Skarv. In addition, we have a license share of ~ 11.5% in the Johan Sverdrup field.

We are convinced that there are still opportunities for large and interesting discoveries on the shelf, and we will be an important industrial player in the years to come.

We work to reduce emissions

Our emissions are below half of the global industry average, and below the average for operators on the Norwegian continental shelf.

From 2020, our goal is to deliver an emission intensity less than 5 kg CO2 per barrel oil equivalent. We will do this with the safety of our employees as our first priority. We believe that our ability to increase efficiency and reduce emissions strengthens our position in the market.

Our assets

Aker BP produces oil and gas from six field centers on the Norwegian continental shelf. The company is the operator of five fields: The two floating production units (FPSO) Skarv and Alvheim, as well as the platforms Ivar Aasen, Valhall and Ula. Aker BP is the license partner in the Johan Sverdrup field.

Our projects

Aker BP has a large project portfolio, where the total net resources are about 500 million barrels of oil equivalents. This will increase our production significantly in the years to come.

Exploration

Aker BP is working to find more oil and gas near existing infrastructure. We are also exporing resources that are big enough for new stand-alone field developments

There are significant remaining volumes to be found on the Norwegian shelf. But the discoveries are smaller and the reservoirs are more technically challenging.

Aker BP has a long-term strategy where exploration provides a good basis for future organic growth. The creative processes, which are crucial to be able to mature a prospect, require continuity and long-term commitment. Underground understanding is gradually built up through continuous analysis and integration of large amounts of data.

Licenses

Aker BP has a significant resource base around our existing fields. We have had good exploration results in recent years, and have exceeded the ambitions to find 250 million barrels in the period from 2016 to 2020. We will continue to drill exploration wells and we will explore, find and mature new good prospects.

For the latest update on our resources and reserves, see our latest report.

Our exploration activities are divided into two categories; near self-operated fields and in new areas.

Impact assessments

2020 – Trell og Trine pdf
2019 – Hod feltutvikling pdf
2019 – Avvikling av Valhall DP og PCP pdf