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6 stories mentioning AKRBP.OL

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Equities

Equinor Advances North Sea Oilfield Development Following New Oil Discoveries

Equinor (EQNR.OL) is advancing plans for phase 4 of the Johan Sverdrup oilfield in the North Sea, following recent appraisal drilling that confirmed additional oil resources in the Tonjer and Geitungen areas.The Norwegian energy company and its partners plan to develop the new volumes through a subsea development tied back to existing infrastructure on Johan Sverdrup. Preliminary estimates for Tonjer and Geitungen are between 20 and 30 million barrels of oil equivalent, according to a Monday release.The project is being matured toward an investment decision, with production expected to potentially start in 2029.Equinor holds a 42.62% stake in Johan Sverdrup, Aker BP (AKRBP.OL) owns 31.57%, Petoro holds 17.36%, and TotalEnergies (TTE.PA, TTE.L) has 8.44%.

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Equities

Aker BP Boosts Stake in Johan Sverdrup Oil Field After Redetermination Process

Aker BP (AKRBP.OL) said Monday its ownership interest in the Johan Sverdrup oil field increased to 31.7163% from 31.5733% following the completion of a redetermination process under the unit agreement.The redetermination process, launched in January 2025, led to revised ownership interests of partners based on updated technical and production data.As a result, the exploration and production company expects to receive an additional 2.2 million barrels of oil equivalent over the next two years from the reallocation of historic production volumes. It will pay 300 million Norwegian kroner before tax.Johan Sverdrup, operated by Equinor (EQNR.OL), is one of the largest producing oil fields on the Norwegian continental shelf.

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Equities

Aker BP, Equinor Swap Norwegian Shelf Assets to Support Joint Developments

Norwegian energy companies Aker BP (AKRBP.OL) and Equinor (EQNR.OL) agreed to swap assets on the Norwegian Continental Shelf to support coordinated development and improve resource recovery, according to Thursday filings.Under the deal, Aker BP will acquire from Equinor a 19% stake in a portfolio of licenses in the Ringvei Vest area and a 38.16% interest in the UK license P2343 in the Yggdrasil area. Ringvei Vest is expected to be a cluster development operated by Equinor, while Yggdrasil will require a coordinated cross-border development.In return, Aker BP will transfer a 7.5% interest in the Wisting discovery, PL 537 and PL 537B, in the Barents Sea to Equinor, along with a cash consideration of $23 million. Aker BP will retain a 27.5% interest in the undeveloped oil discovery, which is operated by Equinor. A final investment decision is expected in 2027.The transactions, which require regulatory approvals, will take effect from Jan. 1.

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Equities

Arctic Securities Upgrades Aker BP to Buy, Boosts PT

Arctic Securities on Monday raised oil and gas exploration and production company Aker BP (AKRBP.OL) to buy from hold and increased its price target to 380 Norwegian kroner from 340 kroner.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

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Research

Norne Securities Upgrades Aker BP to Hold, Raises PT

Norne Securities on Tuesday raised oil and gas exploration and production company Aker BP (AKRBP.OL) to hold from sell and increased its price target to 350.00 Norwegian kroner from 320.00 kroner.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

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Equities

RBC Adjusts Forecasts, Price Target for Aker BP Post-Q1 Trading Update

RBC Capital Markets tweaked its earnings estimates and price target for Aker BP (AKRBP.OL) to integrate the oil and gas company's first-quarter trading update and the research firm's adjusted commodity price deck."We have updated our model to reflect that Aker BP produced 398.4 [thousand barrels of oil equivalent per day] in 1Q26, ~87% liquids, slightly lower than 4Q production of 411kboe/d, but in line with consensus expectations. Overlift of 7.3mboe/d and realisations of $82.2 [per barrel] for liquids and $80.5 [per barrel of oil equivalent] for gas both boost earnings and cashflow, adjacent and below. Production remains within the FY26 production guidance range of 370-400kboe/d. The company is scheduled to report 1Q26 results at 5am BST on 7th May. We anticipate the presentation to focus on production performance [year to date] at the Johan Sverdrup field, production guidance, progress at the recently on stream Symra field and the remaining developments, particularly ggdrasil," the research firm said Thursday.As such, analysts raised their earnings projections, including revenue and basic EPS forecasts, for full-year 2026 through 2028.RBC also lifted its price target to 380 Norwegian kroner from 355 kroner, while affirming its outperform rating, to reflect an increase in the research firm's 2026 to 2027 oil price forecasts and an $80 per barrel long-term Brent assumption.

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