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BRIEF-Aker BP to buy Norway licenses from Tullow
October 3, 2016 / 6:35 AM / in a year

BRIEF-Aker BP to buy Norway licenses from Tullow

Oct 3 (Reuters) - Aker BP Asa:

* Acquisition Of licenses From Tullow

* The transaction comprises working interest in eight licenses, including 15 percent in the Oda (previously known as Butch) discovery in PL 405

* Transaction strengthens aker bp’s position in core areas surrounding ula, north of alvheim, skarv and krafla/askja areas

* Oda development concept is a tie-in to ula field and discovery is estimated to contain 43 million (gross) barrels of oil equivalent. Partners are targeting an investment decision in 2016

* Transaction subject to regulatory approval Source text for Eikon: Further company coverage: (Reporting By Terje Solsvik)

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