Aker BP ASA

Aker BP is proud sponsor of the Norwegian Volleyball Federation and their investment in paravolley. Two years into the agreement, the sponsorship has contributed to the establishment of national teams for women and men in sitting volleyball, national team coaches are in place, recruitment is increasing, and so is the level of the teams. Sitting volleyball is one of the world's largest parasports. From 20 to 25 May this year, a European Championship in sitting volleyball will be held in Stavanger, with Aker BP as the general sponsor. As part of the initiative, Aker BP also sponsors the annual tournament Aker BP SitCup in Stavanger. Especially great this year, was that two teams from Aker BP participated in the tournament. Team Aker BP Yggdrasil even won a medal. 💪🏻🥉 🥇Norway national team men 🥈KFUM Stavanger 🥉Yggdrasil 📷Trine Nessler Wichmann Norges Volleyballforbund KFUM STAVANGER VOLLEYBALL ParaVolley Europe

Hugin A jacket is on a roll! Since the new year the team at the Aker Solutions yard in Verdal has safely completed the third and fourth roll-up of the legs of the 22.000 tonnes jacket. The Hugin A jacket is one of the largest and the most complex ever built at the yard. It will be installed in the Yggdrasil area later this year. Aker Solutions in Verdal is currently delivering a major portfolio of Aker BP projects. Approximately 700 people are daily involved in the work at the yard. Every year, Aker Solutions in Verdal hire between 30 and 40 apprentices, and they are also contributing in the projects.  #alliancesworksmarter #yggdrasil #HuginA

The Valhall PWP-Fenris project marks a big milestone with the start of the assembly of the PWP topside at Aker Solutions at Stord, by loading on to the yard PAU’s (pre-assembled units) arriving from Drydocks World in Dubai.   The PWP is the new platform that will be installed in the Valhall field, starting with the jacket and bridge installation this summer. Next up is the topside that will be installed offshore next year. The topside will have a total weight of 17000 tonnes and be 67,9 meters high. The PWP is a production and wellhead platform, that will be connected to 15 wells that will be drilled over the next years.  #Valhall #topside #construcion

This morning we delivered our results for fourth quarter 2024 and strategy update. We delivered strong results in the fourth quarter and throughout 2024, driven by high production efficiency, low costs, and low emissions. Highlights for the fourth quarter 2024 Excellent operational performance: Oil and gas production reached 449 (415) thousand barrels of oil equivalent per day (mboepd) during the quarter and 439 (457) for the full year 2024, close to the high end of the guided range of 430-440 mboepd. Low cost: Production cost was USD 5.7 (6.6) per barrel. Ending the year at USD 6.2 (6.2) per barrel, below latest guidance of 6.5 dollars per barrel. Low emissions: Greenhouse gas emission intensity was 2.6 (2.4) kg CO2e per boe (scope 1 & 2), ranking among the lowest in the global oil and gas sector. Projects on track: Field development projects progressing according to plan, with overall capex estimates unchanged. Strong financial results: Aker BP reported total income of USD 3.1 (2.9) billion, an EBITDA of USD 2.7 (2.6) billion and net profit of USD 562 (173) million for the quarter. On a full-year basis the company generated record-high cash flow from operations at USD 6.4 (5.4) billion. Returning value: Dividends of USD 2.4 per share paid in 2024, to be increased by five percent to USD 2.52 per share in 2025. For more information, visit https://lnkd.in/dkd4ysku

On February 1st, Aker BP took over the operatorship of the Oda field from Sval Energi. Oda is located 14 kilometres east of Ula. The development concept is a subsea template with two production wells and one injection well tied to Ula. Production from Oda started in 2019. “This is a good example of the excellent cooperation between the license partners in the Ula area: We have a common goal of finding solutions that maximize value creation both in the operational and decommissioning phases,” says Talar Arif, Director of the Ula area. Sval Energi #offshore #oneteam #ula #oda #operator

The application deadline for this year's apprenticeships is this Friday, January 31st👷♀️👷♂️ This year, we are looking for apprentices within automation, crane operation, electrical, logistics, mechanical, and process fields. Do you have questions about the apprenticeship period, criteria, or what we at Aker BP can offer you as an apprentice? You can find all this information and the positions on our website: https://lnkd.in/dDT3WFVt #hiring #apprentices #apprentice #offshore #oneteam #recruiting

At Aker BP, we're driving innovation within oil and gas exploration with cutting-edge PS seismic technology. Our advancements are enhancing subsurface clarity and optimizing field development, shaping the future of energy exploration. Why PS seismic matters? PS seismic complements conventional PP seismic by distinguishing rock and fluid types, pinpointing resource-rich zones, and imaging under challenging conditions. This clarity leads to smarter well planning and efficient resource recovery. Read more about our pioneering advances in seismic technology on our website: https://lnkd.in/d3URHytE From the left: Ross Milne, Ole Edvard Aaker and Ørjan Pedersen, who are all important instigators for Aker BP's seismic innovations. #seismic #akerbp #exploration #oneteam #tech

Our very own CEO, Karl Johnny Hersvik, was awarded the NPF award 2024. The NPF Award is awarded annually to a candidate who has distinguished themselves by bringing important issues for the industry on the agenda. The jury’s justification says: The 2024 award is given to Karl Johnny Hersvik for his role as a company developer, who over many years has built Aker BP to be a worthy challenger and competitor to Equinor on the Norwegian continental shelf, both through acquisitions (Marathon Oil, Premier Oil, Svenska Petroleum, BP-Norway, and Lundin) and through organic growth. As the driving force in Aker BP, he has contributed to the company investing over NOK 200 billion on the Norwegian continental shelf in the years after the pandemic and towards 2028. He has been at the forefront of alliance development, technology development, and digitalization to streamline the industry and strengthen competitiveness on the Norwegian continental shelf. He participates actively and with broad expertise in the public debate. Kalle is fearless and clear, and has shown the courage to invest heavily in oil and gas in both good and bad times, thereby ensuring solid employment and industrial development in several places in the country. We are very proud of our CEO 🎉 Norsk Petroleumsforening / Norwegian Petroleum Society #proud #CEO #oneteam #keepgrowing

The Norwegian authorities are offering Aker BP ownership interest in 19 exploration licenses on the Norwegian continental shelf in the APA 2024 licensing round. For 16 of the licenses Aker BP is also granted operatorship. The award consolidates our position as the most active independent exploration company on the NCS. - We are very pleased with the award that was announced today. It reflects a comprehensive application and gives us a foundation for maintaining our growth ambition on the Norwegian continental shelf and our ambitious exploration strategy, says Per Øyvind Seljebotn, SVP Exploration and Reservoir Development. - Although the shelf is maturing, we manage to continuously identify new opportunities. Leveraging new technology, digitalization and investments in new data are crucial for creating good exploration opportunities for many years to come and ensuring growth and innovation in our sector, Seljebotn continues. Read more about the awarding on our webpage: https://lnkd.in/dmG_NjjH

Welcome to Norway Munin Utility! The 2900 tonnes utility module and sections for the Munin topsides sailed from Aibel Thailand LTD in November last year and arrived safely in Norway just before the new year. This week, the module was safely loaded into Aibel’s North Sea Hall in Haugesund, where the assembly of the topsides is going at full speed.   When completed, the Munin topside will weigh approximately 8000 tonnes. It will be installed in Aker BP’s Yggdrasil area in 2026. The contract is valued at around NOK 7 billion for Aibel and will provide work for 2000 people in Asker, Haugesund, Singapore and Thailand. Approximately 100 apprentices will do vocational training in the project.