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Aker BP ASA ( (GB:0M5J) ) has issued an announcement.
Aker BP ASA and DNO ASA have entered into agreements to enhance Aker BP’s position in the Alvheim area and expedite the development of the Kjøttkake discovery. Aker BP will take over operatorship of Kjøttkake during its development phase, allowing the company to utilize its fast-track development capabilities, while divesting its interest in the Verdande field to DNO. In exchange, Aker BP will increase its stake in the Vilje field, expand its position in the Kveikje discovery, and acquire additional interests in several exploration licenses. These agreements are expected to bolster Aker BP’s footprint in the Alvheim and Kjøttkake areas, supporting integrated development opportunities and reflecting a shared commitment to maximizing resource recovery.
The most recent analyst rating on (GB:0M5J) stock is a Hold with a NOK285.00 price target. To see the full list of analyst forecasts on Aker BP ASA stock, see the GB:0M5J Stock Forecast page.
More about Aker BP ASA
Aker BP is a leading exploration and production company focused on oil and gas operations on the Norwegian continental shelf. The company operates several field centers including Alvheim, Edvard Grieg, Ivar Aasen, Skarv, Ula, and Valhall, and is a key partner in the Johan Sverdrup field. Headquartered in Fornebu, Norway, Aker BP is listed on the Oslo Børs under the ticker AKRBP.
Average Trading Volume: 863,809
Current Market Cap: NOK163.1B
Find detailed analytics on 0M5J stock on TipRanks’ Stock Analysis page.