Aker BP

Through collaboration, innovative technologies, and digitization, the newly formed alliance hopes to transform conventional intervention operations with clear targets of propelling hydrocarbon production on new and existing assets on the Norwegian continental shelf.

The company used a maintenance optimization plan from Lloyd's Register for the centrifugal pumps and fire and gas detectors on a floating production, storage, and offloading vessel in the Norwegian Sea.

Phase 1 of the North Sea megaproject—Norway’s largest offshore development since the 1980s—has come on stream. Johan Sverdrup is expected to produce 660,000 BOPD at its peak.

Aker BP expects the unmanned facility, a further development of the Valhall field in the Norwegian North Sea, to recover 60 million BOE. Startup is expected sometime this fall.

In need of an exploration boost, Norway doled out a record 83 production licenses in mature areas of the Norwegian Continental Shelf to 33 firms.

The steel pipe manufacturer agrees to deliver outer pipes for pipe-in-pipe flowlines for a pair of recently-announced Aker BP projects in the Norwegian Sea.

The cost cuts made during the downturn and the recent increase in oil prices have led to some global offshore projects becoming economically viable. Norway is leading the comeback.

The company’s 31 licenses highlight a record-high total awarded during the latest APA round, which is aimed at developing mature areas of the NCS.