'Frog's Leg' Proves Bountiful for Aker BP
, the two nations share the revenue from production based on estimates of how much oil and gas is located on each side.Aker BP is operator of the license with a 60 percent stake, while Sweden's Lundin Petroleum and Eni's Vaar Energi each hold 20 percent.Aker BP is 40 percent owned by Norway's Aker ASA and 30 percent by BP Plc. (Reuters reporting by Terje Solsvik; Editing by Shreejay Sinha
Aker Bets on Software Engineers for Its Oil Business
production data from a rival in a similar geological area could help it improve its own oil output."Aker BP's view is that, unlike seismic data interpretation for oil exploration, operational data is not a strategic know-how to be protected," said its chief Karl Johnny Hersvik.For Aker ASA, the biggest shareholder in Aker BP and Cognite, the Lundin Petroleum deal is part of its plan to create software for an industry that can be improved and refined the more it gets used by different clients - rather than just focusing on an in-house model for Aker BP."The value that Cognite'
Aker Solutions to Lease 31,100 sq.m Aberdeen Office
years based on changes in the retail price index. The first 12 months of the lease are rent-free. Aker Solutions also has options to extend the lease for three five-year periods, with the rent subject to open market review. ACL is responsible for all aspects of the development. ACL is a subsidiary of Aker ASA, which indirectly and directly owns 34.5 percent of Aker Solutions. While the rental agreement does not qualify as a related-party transaction, Aker ASA's ownership interests in both ACL and Aker Solutions prompted Aker Solutions and Aker ASA to handle the transaction according to each company's
February 2024
