Three years of cooperation and progress

In December 2022, Aker BP and our license partners submitted one of the largest investment portfolios ever on the Norwegian continental shelf. Three years later, we are well underway: The Yggdrasil, Valhall PWP-Fenris, Skarv Satellites, and Utsira High projects are progressing according to plan.

Through these Aker BP-operated projects, we are investing in modern fields with production emissions among the lowest in the world. The Norwegian share of the projects is approximately 65 percent. Over the lifetime of the fields, they will generate 150,000 man-years in Norway, about half of this during the development phase. Hundreds of apprentices are completing their vocational training through the project portfolio, and more than 250 Norwegian suppliers are directly involved. This means thousands of purchase orders, many to Norwegian companies. At the same time, the projects create activity and secure jobs globally.

This is a gigantic One Team effort. Our progress is powered by thousands of skilled people, close collaboration with license partners, and the commitment of the best strategic partners and suppliers. We are proud of what we are achieving together and extend a big thank you to everyone involved.