Aker BP has acquisition opportunities, top shareholder says
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 14 2025
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Source: Reuters
Aker BP's Growth and Future Plans: Aker BP, Norway's second-largest oil company, has significantly increased its production from a few thousand barrels per day in 2013 to over 400,000 boepd in 2024, with plans to exceed 500,000 boepd by 2028 through resource development.
Opportunities for Consolidation: The company's top shareholder, Oeyvind Eriksen, indicated potential for further consolidation on Norway's continental shelf, expressing interest in acquiring quality assets rather than declining fields, as attractive transaction opportunities are emerging.
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.
