Aker BP ASA has entered into an agreement with Japex Norge AS to swap a 10% interest in the Aker BP-operated Alve Nord development and a 3.5% interest in the Verdande development.
In exchange, Aker BP will receive Japex’s Northern North Sea portfolio and a cash consideration of US$14 million.
Japex’s Northern North Sea portfolio comprises a 15% interest in the Kjøttkake discovery (PL1182S), a 10% interest in the Kveikje discovery (PL293B/PL293CS), and a 20% interest in PL1212S. By increasing its stake in Kjøttkake to 45% and entering Kveikje with 10%, Aker BP strengthens its position in a high-potential cluster of discoveries.
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