Aker BP ASA (AKRBF)
OTCQX OTCQX Primary Summary
Aker BP has acquisition opportunities, top shareholder says
Norwegian oil exploration and production company Aker BP , built from a series of mergers and acquisitions in the last decade, has opportunities for further consolidation on Norway's continental shelf, its top shareholder said on Friday.
Total, Aker BP seek bigger stakes in giant Equinor oilfield
TotalEnergies and Aker BP are seeking an independent review of their stakes in Equinor's Johan Sverdrup oilfield with a goal of boosting their holdings in the North Sea's largest producing field, Aker BP said on Wednesday.
Aker BP raises dividend after Q4 core profit beat
Norwegian oil and gas group Aker BP said on Wednesday it had raised its quarterly dividend by 5% after posting a smaller than expected decline in core profits for the October-December period.
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Aker BP ASA Profile
| Oil, Gas & Consumable Fuels Industry | Energy Sector | Mr. Karl Johnny Hersvik CEO | OTCQX Exchange | NO0010345853 ISIN |
| Norway Country | 2,727 Employees | 13 May 2025 Last Dividend | 10 Jul 2014 Last Split | - IPO Date |
Overview
Aker BP ASA is a prominent player in the energy sector, focusing on the exploration, development, and production of oil and gas predominantly on the Norwegian Continental Shelf. This enterprise operates several significant fields, including Alvheim, Edvard Grieg, Ivar Aasen, Valhall, Skarv, and Ula, showcasing their extensive reach and expertise within the industry. Notably, the company transitioned from its former identity, Det norske oljeselskap ASA, to Aker BP ASA in October 2016, marking a new chapter in its history. Founded in 2001 and having its headquarters in Fornebu, Norway, Aker BP ASA has established itself as a key entity in the exploration and production (E&P) segment of the oil and gas industry in Norway.
Products and Services
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Exploration Services:
Aker BP ASA specializes in the exploration of oil and gas, employing advanced technologies and methodologies to identify and evaluate potential hydrocarbon deposits on the Norwegian Continental Shelf. This foundational activity is critical for the discovery of new resources, ensuring the company's sustainability and growth in the energy sector.
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Development Activities:
The company engages in the development of discovered oil and gas fields, focusing on engineering, constructing, and commissioning projects that bring these fields to production. Aker BP ASA's development activities are geared towards optimizing the recovery of hydrocarbons efficiently and safely, leveraging the latest innovations in the industry.
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Production Operations:
Aker BP ASA is actively involved in the production of oil and gas, managing several key fields on the Norwegian Continental Shelf such as Alvheim, Edvard Grieg, Ivar Aasen, Valhall, Skarv, and Ula. The company prides itself on operational excellence and the adoption of environmentally responsible practices in its production operations, aiming to maximize output while minimizing its environmental footprint.
