Invitation – Credit Markets Day

Fornebuporten. Photo: Hufton+Crow/Dark Arkitekter
Fornebuporten. Photo: Hufton+Crow/Dark Arkitekter

Together with the other Aker companies, Aker, Aker Solutions, Ocean Yield and American Shipping Company – Aker BP are pleased to invite credit investors and analysts to take part in a joint Aker companies credit investor day.

Date: Monday 21 November 2016
Venue: Fornebuporten building B, Oksenøyveien 10, Lysaker

Program (CET):
09:00 –12:00 Registration / 1:1 meetings with management teams
12:00 –13:00 Lunch
13:00 –15:30 Company presentations
15:30 –16:30 Reception

Presenting companies: Aker ASA, Aker BP ASA, Aker Solutions ASA, Ocean Yield ASA and American Shipping Company ASA.

Language: English

To register: Please send an email to akercredit@akerasa.com by Monday 31 October 2016

One-to-one & group meetings: In addition to the main presentations, management teams will be available for individual and group meetings. In your registration response, please indicate which (if any) companies you wish to meet. Meetings will be from 9:00 a.m. to 12:00 CET.

Invitation:Invitation – Aker Companies Credit Markets Day 2016

For further information, please contact:
Thomas Lunder, Finance Manager Aker ASA
Phone: +47 24 13 00 41
Email: thomas.lunder@akerasa.com

Marianne Stigset, Head of Investor Relations Aker ASA
Phone: +47 41 18 84 82
Email: marianne.stigset@akerasa.com

Acquisition of licenses from Tullow

Aker BP ASA announces the acquisition of licenses from Tullow Norge AS. The transaction comprises working interest in eight licenses, including 15 percent in the Oda (previously known as Butch) discovery in PL 405.

The transaction strengthens Aker BP’s position in core areas surrounding the Ula, North of Alvheim, Skarv and the Krafla/Askja areas.

The Oda development concept is a tie-in to the Ula field and the discovery is estimated to contain 43 million (gross) barrels of oil equivalent (Source: NPD). The partners are targeting an investment decision in 2016.

The transaction is subject to regulatory approval.

Licence Equity transferred to
Aker BP
Aker BP new equity in
license
PL 405 15.0 % 15.0 %
PL 811 20.0 % 20.0 %
PL 507 20.0 % 45.0 %
PL 784 (Op.) 40.0 % 40.0 %
PL 650 25.0 % 25.0 %
PL 838 30.0 % 30.0 %
PL 610 37.5 % 37.5 %
PL 659 15.0 % 35.0 %

 

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