May 7, 2018 / 7:29 AM / 20 days ago

BRIEF-Aker BP says competition for Norway M&A deals has increased

May 7 (Reuters) - Aker BP ASA SAID ON MONDAY:

* AKER BP SAYS MOVED PLANS TO DRILL AN EXPLORATION WELL IN A BLOCK BORDERING RUSSIA IN EASTERN BARENTS TO 2019 FROM 2018

* AKER BP SAYS PLANS TO DRILL STATOIL-OPERATED SHENZHOU EXPLORATION WELL IN THE BARENTS SEA WERE MOVED TO 2019 FROM 2018

* AKER BP CEO: AIMS TO KEEP NOAKA DEVELOPMENT BREAK-EVEN PRICE UNDER $35 PER BARREL

* AKER BP CEO: SEES SOME SIGNS OF COST INFLATION, ESPECIALLY IN SEMI-SUBMERSIBLE DRILLING RIG MARKET

* AKER BP CEO: SAYS STILL SEES “SIGNIFICANT AND INTERESTING” M&A TARGETS ON THE NORWEGIAN CONTINENTAL SHELF, THOUGH COMPETITION HAS INCREASED FROM A YEAR AGO Further company coverage: (Reporting by Nerijus Adomaitis, editing by Terje Solsvik)

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