Total sells Norweigian assets to AkerBP for USD205 million

Total has agreed to sell interests in a portfolio of 11 licences in Norway to AkerBP for a cash consideration of USD205 million. The portfolio includes four discoveries with net recoverable resources of 83mmboe. The acquisition allows AkerBP to consolidate its position around the Alvheim, NOAKA and Skarv hubs as well as adding exploration acreage near its operated Ula field (AkerBP 80%). Increasing stakes in fields and discoveries and having...

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Oda to Joy!

On 30th November, Centrica announced that it had submitted the Plan for Development and Operation (PDO) for the Oda field to the Norwegian Ministry of Petroleum and Energy. Oda, previously called Butch, is owned by the following partners: Centrica (40% operator) Suncor (30%) Aker BP (15%) Faroe (15%) Oda is an oil field, discovered in 2011 and lies in the Norwegian North Sea. The field will be developed as a subsea tie-back to the Ula patform,...

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