Aker BP's pipeline of projects is progressing
Full steam ahead on Aker BP’s project pipeline
The firm’s extensive portfolio of development opportunities is proceeding apace ahead of Norway’s end-2022 deadline for securing tax breaks
Norwegian producer Aker BP took FID on its Kobra East and Gekko (KEG) project in late June, thus hitting its Q2 target timetable for greenlighting the development. And the rest of the firm’s pipeline of projects aimed at securing tax relief by taking FID by the end of next year is also progressing. The company and its licence partners submitted a plan for development and operation (PDO) for KEG to Norway’s Ministry of Petroleum and Energy on 30 June. Gross investments in the project are estimated at c.$1bn, and production is scheduled to start in the first quarter of 2024. Recoverable reserves at KEG, in which Aker BP holds a 65pc operated stake, are c.40mn bl oe gross. The estimated breakev
Also in this section
21 April 2026
After overcoming a COVID-induced demand collapse with several years of successful market management, geopolitical events have conspired to provide the pact’s biggest test to date
21 April 2026
The regime’s policy of using nuclear ambiguity as a deterrent may have failed but it has realised it has other cards to play, while its neighbours are reappraising their approach to security
21 April 2026
As the global energy system undergoes a fundamental realignment, Algihaz Holdings has established itself as a critical player bridging conventional energy markets and the next generation of renewable infrastructure.
21 April 2026
The 25th WPC Energy Congress is taking place from 11-15 October 2026 at the Riyadh Front Exhibition & Conference Center.
