Aker BP and Equinor to unlock additional value on the Norwegian Continental Shelf
Norway, May 21 -- Aker BP and Equinor have entered into a strategic collaboration aimed at increasing production and value creation across selected parts of their portfolios on the Norwegian Continental Shelf (NCS).As a first step, the companies have agreed on a set of transactions in the Ringvei Vest, Yggdrasil and Wisting areas. The transactions are intended to better align ownership interests, support coordinated development and enhance overall resource recovery. Omega Alfa has materially increased the prospectivity of the Frigg structure, including on the UK side of the border. With a more balanced ownership position, we can now advance exploration drilling to test that potential, which could add meaningfully to the Yggdrasil resource b...
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