EnergyWatch

New oil challenger wants to be the biggest on the Norwegian Shelf

Newly established oil and gas giant Aker BP wants to be the biggest on the Norwegian shelf when it comes to exploring for new oil. Meanwhile, shareholders have been promised annual dividends of USD 250 million, which will be increased when Johan Sverdrup begins production.

Kjell Inge Røkke is in charge of the Aker Group, majority stakeholder of Aker BP. | Photo: PR-foto/Aker

Aker BP is well-positioned for further growth, the company writes in a brief to the stock exchange, ahead of the oil and gas company's capital markets day later today.

Attending investors will hear more about the plans for the company, which aims to be the largest exploration and production (E&P) player on the Norwegian shelf.

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