Aker BP Strengthens North Sea Position with Japex Asset Swap

Aker BP ASA ( (GB:0M5J) ) has shared an update.

Aker BP ASA has entered into an agreement with Japex Norge AS to swap interests in various oil and gas developments. This strategic move allows Aker BP to strengthen its position in the Northern North Sea by acquiring Japex’s portfolio, including interests in the Kjøttkake and Kveikje discoveries, and receiving a cash consideration of USD 14 million. The transaction, effective from January 2025, is pending approval from Norwegian authorities and is expected to enhance Aker BP’s operational capabilities and market positioning.

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 a leading exploration and production company focused on oil and gas operations on the Norwegian continental shelf. The company operates several field centers and is a key partner in the Johan Sverdrup field. Headquartered in Fornebu, Norway, Aker BP is listed on the Oslo Børs under the ticker AKRBP.

YTD Price Performance: 20.87%

Average Trading Volume: 1,241,713

Current Market Cap: NOK155.8B

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