Edition:
United Kingdom

Aker BP makes North Sea oil and gas discovery


Monday, 4 Feb 2019 

Feb 4 (Reuters) - Aker Bp Asa ::AKERBP: DISCOVERY AT FROSKELÅR.WELL HAS ENCOUNTERED OIL AND GAS.PRELIMINARY ANALYSIS INDICATES A GROSS DISCOVERY SIZE WITHIN PREVIOUSLY COMMUNICATED ESTIMATE OF 45-153 MILLION BARRELS OIL EQUIVALENTS.FROSKELÅR MAIN IS LOCATED IN ALVHEIM AREA AND FOLLOWS FROSK DISCOVERY FROM LAST YEAR.MAJOR PART OF DISCOVERY IS IN LICENCE 869 ON NORWEGIAN CONTINENTAL SHELF, WHILE A PART MAY STRADDLE UK-NORWEGIAN BORDER IN NORTH SEA.DRILLING OPERATION WILL CONTINUE, AND A COMPREHENSIVE DATA COLLECTION PROGRAM WILL BE PERFORMED TO DETERMINE SIZE AND QUALITY OF DISCOVERY.AKER BP IS OPERATOR AND HOLDS 60 PERCENT INTEREST IN LICENCE 869. PARTNERS ARE LUNDIN NORWAY (20 PERCENT) AND VÅR ENERGI (20 PERCENT).