/PRNewswire/ Fourth quarter 2022 marked the end of a transformational year for Aker BP. Following the successful Lundin integration, the company has doubled.
Aker BP, operator of production licence PL 867 B, has concluded the drilling of wildcat well 25/10-17 S. The well, which was drilled about 12 kms north of the Ivar Aasen field, encountered an oil column in the Hugin Formation. Preliminary estimates place the size of the discovery between 0.5 and 1.4 million Sm3 of recoverable oil equivalent. Initial assessments show that the discovery is not profitable at the present time.
Fourth quarter 2022 marked the end of a transformational year for Aker BP. Following the successful Lundin integration, the company has doubled its production, reduced its unit costs, and consolidated its position as a global leader within low carbon oil and gas production.