Page 91: of Offshore Engineer Magazine (Aug/Sep 2016)

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COMPANIES could grow production to 250,000 boe/d by the early 2020s.

BP and Aker unite off Norway

Several BP ? elds are brought into the new company – Skarv

Norway was the focus of another major merger earlier this year in the Norwegian Sea, plus Valhall, Hod, Ula and Tambar in with BP Norge, Det Norske and Aker – which owns 40% of Det the North Sea. Det Norske will contribute producing ? elds

Norske – agreeing to combine into a single company to be named Alvheim, Volund, Vilje and Jette, the Ivar Aasen development

Aker BP. Aker will own 40% of the new company, with BP and Det and it is a partner in the Johan Sverdrup project

Norske holding 30% each. The deal is expected to complete by BP CEO Bob Dudley signaled the way ahead for the merger: the end of the year. “The Norwegian Continental Shelf represents a signi? cant

Aker BP – set to be the largest independent on the Norwegian opportunity going forward and we are looking forward to

Continental Shelf - will hold 97 licenses, 46 as operator, 723 working together with Aker to unlock the long term value of the

MMboe of P50 reserves and, in 2015 ? gures, 122,000 boe/d of company through growth and e