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The latest announcement is out from Aker BP ASA ( (GB:0M5J) ).
Aker BP, in partnership with Equinor, has decided to proceed with phase 3 of the Johan Sverdrup field development, which is expected to increase recoverable oil volumes by 40-50 million barrels. This phase involves significant infrastructure investments and aims to enhance recovery rates to 75 percent, with production slated to start in late 2027. The project, requiring government approval, aligns with Aker BP’s investment and production forecasts, potentially strengthening its position in the oil industry.
The most recent analyst rating on (GB:0M5J) stock is a Hold with a NOK285.00 price target. To see the full list of analyst forecasts on Aker BP ASA stock, see the GB:0M5J Stock Forecast page.
More about Aker BP ASA
Aker BP is an independent oil company focused on exploration, development, and production on the Norwegian continental shelf. It operates several fields, including Alvheim, Edvard Grieg, Ivar Aasen, Skarv, Valhall, Hod, Ula, and Tambar, and holds a significant stake in the Johan Sverdrup field. The company is headquartered at Fornebu and is listed on the Oslo Stock Exchange under the ticker code AKRBP.
Average Trading Volume: 1,426,965
Current Market Cap: NOK161.6B
Find detailed analytics on 0M5J stock on TipRanks’ Stock Analysis page.