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Aker BP Stake Up in Johan Sverdrup Following Redetermination; TotalEnergies Also Gains, Equinor Steady

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Aker BP, a European oil and gas exploration and production company, said Monday its ownership interest in Norway's Johan Sverdrup oilfield will increase following a redetermination process.

The company will now hold a 31.7163% interest, compared with the previous 31.5733%, which Aker BP said will be reflected in its account beginning Q3.

The review was initiated in January 2025 and was performed based on updated technical and production data, according to the statement.

With the redetermination, production volumes will be reallocated and Aker BP said it will receive an additional 2.2 million barrels of oil equivalent over the next two years.

The company will also pay about 300 million Norwegian krone ($31.70 million) before tax, "reflecting the reallocation of historic investments," it said.

Following the review, TotalEnergies (TTE) will also increase its stake to 8.72% from 8.44%, Reuters reported, while the stake of operator Equinor (EQNR) will remain unchanged at 42.6267%.

The ownership interest of Norway's state-owned Petoro will reportedly decrease to 16.94% from 17.36% previously.

TotalEnergies, Equinor, and Potoro did not immediately respond to' requests for comments.

The redetermination process does not affect ongoing operations at the Johan Sverdrup field.

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