Aker BP's pipeline of projects is progressing
Full steam ahead on Aker BP’s project pipeline
The firm’s extensive portfolio of development opportunities is proceeding apace ahead of Norway’s end-2022 deadline for securing tax breaks
Norwegian producer Aker BP took FID on its Kobra East and Gekko (KEG) project in late June, thus hitting its Q2 target timetable for greenlighting the development. And the rest of the firm’s pipeline of projects aimed at securing tax relief by taking FID by the end of next year is also progressing. The company and its licence partners submitted a plan for development and operation (PDO) for KEG to Norway’s Ministry of Petroleum and Energy on 30 June. Gross investments in the project are estimated at c.$1bn, and production is scheduled to start in the first quarter of 2024. Recoverable reserves at KEG, in which Aker BP holds a 65pc operated stake, are c.40mn bl oe gross. The estimated breakev
Also in this section
2 June 2025
It is time to acknowledge that the US-Saudi Arabia nexus is driving a fundamental shift in OPEC strategy
2 June 2025
More than anything else, weak Chinese gas demand is providing relief to EU consumers, but it is uncertain how long this relief will last
30 May 2025
Energy majors argue transition debate has started to factor in the complexities of demand shifts and the wider role for gas
29 May 2025
Sovereignty is the watchword for the new government, but there are still upstream opportunities for those willing to work closely with the state
