Aker BP achieves one of Norway's biggest commercial finds in ten years
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 21 2025
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Source: SeekingAlpha
Significant Discovery: Aker BP announced a major oil discovery in Norway's Yggdrasil area, marking one of the largest finds in the country in the last decade.
Estimated Recoverable Volume: The recoverable volume from this discovery is estimated to be between 96 million and 134 million barrels of oil equivalent (boe), with production expected to start in 2027.
Ownership Structure: The discovery spans three exploration licenses, with Aker BP holding significant stakes alongside Equinor and Poland's Orlen.
Production Goals: Aker BP aims to produce over 1 billion barrels of oil and gas from the Yggdrasil project, which is currently the largest development on Norway's continental shelf.
Analyst Views on BP
Wall Street analysts forecast BP stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for BP is 84.26 USD with a low forecast of 6.38 USD and a high forecast of 503.69 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
11 Analyst Rating
5 Buy
5 Hold
1 Sell
Moderate Buy
Current: 35.430
Low
6.38
Averages
84.26
High
503.69
Current: 35.430
Low
6.38
Averages
84.26
High
503.69
About BP
BP p.l.c. is a United Kingdom-based integrated energy company. Its segments include Gas & low carbon energy, Oil production & operations, Customers & products, and Other businesses & corporate. The gas & low carbon energy comprises regions with upstream businesses that predominantly produce natural gas, gas marketing and trading activities and its solar, wind and hydrogen businesses. The oil production & operations segment comprises regions with upstream activities that predominantly produce crude oil, including bpx energy. The customers & products segment comprises its customer-focused businesses, which include convenience and retail fuels, electric vehicle (EV) charging, as well as Castrol, aviation and business-to-business (B2B) and midstream. It also includes its products businesses, refining and oil trading, as well as its bioenergy businesses. The other businesses and corporate also comprises the Company's shipping and treasury functions, and corporate activities worldwide.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
