Aker BP ASA

Aker BP ASA is a publicly listed Norwegian exploration and production company focused on oil and gas on the Norwegian continental shelf. Headquartered at Fornebuporten in Lysaker with offices in Stavanger, Trondheim, Harstad and Sandnessjøen, it is, measured by production, one of the largest independent oil companies in Europe. The company operates the Valhall, Ula, Edvard Grieg/Ivar Aasen (Eiga), Alvheim and Skarv field centres and is a key partner in the Johan Sverdrup field. In 2024 it held 196 licences, produced 439 thousand barrels of oil equivalent per day and generated EBITDA of USD 11,083 million, with a workforce of around 3,000 employees. Aker BP is listed on the Oslo Stock Exchange under the ticker AKRBP, with Aker ASA and BP as major shareholders alongside a broad free float. Aker BP is a full‑fledged E&P operator with activities spanning exploration, field development and production, underpinned by an alliance model with suppliers covering subsea, fixed facilities, modifications and drilling. The company is advancing a large project portfolio including the Yggdrasil area, Valhall PWP–Fenris and the Skarv Satellites, and remains one of the most active explorers on the shelf, adding more than 100 million barrels of new resources in 2025. Its strategy is to be the exploration and production company of the future through safe, efficient operations, low unit costs and low greenhouse‑gas emissions, supported by extensive digitalisation initiatives such as digital twins, integrated operations centres and cloud‑based well and field development planning. Environmental performance and safety are central to its governance. Aker BP reports industry‑leading low emissions intensity, uses power‑from‑shore solutions at key fields, invests in technologies like electrified rigs and the Fishbones reservoir‑stimulation concept, and participates in the Carbon Disclosure Project. It has committed to net‑zero emissions from its own operations by 2030 while maintaining high production uptime and a progressive dividend policy within a disciplined capital allocation framework.