Aker BP NEWS

Aker Solutions has secured a letter of intent from Equinor for the topside work on the Troll B and C platforms offshore Norway to reduce the CO2 emissions. Modifications include installation of equipment for receiving electrical power from shore via cable. This will replace power generation from gas turbines at the platforms, and thus reduce climate footprint. Scheduled for completion at the end of 2025.

Subsea 7 has landed Aker BP's contract for the Hod Field Development Project in the southern part of the Norwegian North Sea. Under the scope of the contract, the offshore installation and construction firm will provide engineering, procurement, construction and installation (EPCI) for pipelines, umbilicals, as well as tie-ins using vessels from its own fleet.

Norwegian oil company Aker BP has ordered the topside and steel substructure from Kvaerner for the normally unmanned wellhead platform at the Hod field. This is the second project in the wellhead platform alliance, which was established between Aker BP, Kvaerner, ABB, and Aker Solutions. The contract has a value of approx. NOK 1 billion (USD 106 million) for Kvaerner.

Drilling contractor, Maersk Drilling has landed a two well contract extension from Norwegian E&P major, Aker BP for the jack-up rig Maersk Integrator. Maersk Integrator, which is an ultra-harsh environment, low-emission jack-up rig, will move to the Ivar Aasen field offshore Norway to drill two wells. The contract, valued at ~$25.5 million, is expected to start in October 2020, and has an estimated duration of 93 days.

Optime Subsea has been chosen by Aker BP to render well access system and services on the Norwegian Continental Shelf (NCS). Optime Subsea along with Subsea Controls and Intervention Light System (SCILS) has recently completed a two well Plug & Abandonment campaign on Jette field. This service was successful in saving rig time, personnel and equipment. Deploying these cutting edge technologies, Aker BP is continuously improving operations and lowering costs.

Norway’s energy company, Equinor has completed the sale of its two non-core discoveries on the Norwegian Continental Shelf (NCS). Both the discoveries were announced in October 2018. The first sale worth $250 million, was of a 77.8% operated interest in the King Lear discovery to Aker BP. The second sale worth $220 million, was of 42.38% non-operated interests in the Tommeliten Unit (PL044 TA) and 30% in PL044 to PGNiG.

Norwegian oil giant, Equinor has sold its 77.8% interests in the King Lear discovery to Aker BP in a multi-million dollar deal. First discovered in 1989, King Lear is a gas /condensate asset in the North Sea. Net recoverable resources are estimated at 77 million barrels of oil equivalent. The final transaction in this regard is subject to customary conditions.

Supermajor, BP and Aker BP have inked new agreement to explore ways of developing pioneering new technologies together. The firms are looking forward to invest in technological advancements together. This includes taking further the technology of digital twins, advanced seismic techniques and processing, and subsea and robot technology. The oil majors will focus on recognising technologies that could be essential to the digital transformation of the upstream sector.

The Norwegian Petroleum Directorate informed that E&P major, Aker BP has concluded drilling operations in the central North Sea. Aker had deployed Maersk Interpid to drill two appraisal wells within the Hanz filed, and a wildcat well southeast of Hanz. The wildcat well came out to be dry, and hence was permanently plugged and abandoned.

Maersk Drilling and Aker BP entered into a one-year contract to install Maersk Integrator on the Norwegian continental shelf from June 2019. An ultra-harsh environment jackup rig customised for the North Sea, the Maersk Integrator will be the first in the line of rigs to be fully contracted under the scope of the alliance formed between Aker BP, Maersk Drilling and Halliburton in 2017.

Maersk Drilling has signed a 2-year contract with Aker BP for the re-activation and quick deployment of the jackup rig Maersk Reacher. The rig has to be installed in the Norwegian segment of the North Sea. Maersk Reacher has to be deployed as an accommodation rig. Operations on rig are estimated to commence by October 2018.

Aker BP has entered into an agreement with software solution company, Resoptima to carry forward its efforts of bringing about digitalisation into reservoir management. Resoptima’s proprietary software, ResX will enable Aker BP to quickly construct reliable reservoir models through constant integration of all existing reservoir data, acknowledging the uncertainty. Additionally, the oil major also acquired 15% equity stake in Resoptima.