Aker BP and DNO expand collaboration and accelerate development of Kjottkake

Norway, Nov. 6 -- Aker BP ASA and DNO ASA have entered into agreements that strengthen Aker BP's position in the Alvheim area and accelerate the development of the Kjottkake discovery. The agreements include an exchange of ownership interests across several licences and the transfer of operatorship for Kjottkake to Aker BP in the development phase.Under the agreements, Aker BP will assume operatorship of the Kjottkake discovery in the development phase, enabling the company to leverage its fast -track development capabilities for efficient project execution. As part of the agreements, Aker BP will divest its interest in the Verdande field to DNO. In return, Aker BP will increase its stake in the producing Vilje field, expand its position in...