# AKER BP ASA

Summary updated: 2026-09-28T10:49:51.417919Z
Canonical: https://finbar.com/research/companies/aker-bp-asa

## Overview

Aker BP ASA is an oil and gas exploration and production company focused on the Norwegian continental shelf. It explores for petroleum, develops fields and produces oil and gas. The company is headquartered at Fornebu, near Oslo, and has offices in several other Norwegian cities. [1](https://app.finbar.com/go?id=P140057659)[2](https://app.finbar.com/go?id=P140060843)

Aker BP describes its vision as becoming “the exploration and production (E&P) company of the future,” emphasizing safe and efficient operations, low costs and low emissions. In 2025, it reported total income of approximately USD 10.9 billion and 3,108 employees. [3](https://app.finbar.com/go?id=P139984517)[4](https://app.finbar.com/go?id=T16002715)[5](https://app.finbar.com/go?id=T16002706)
[1](https://app.finbar.com/go?id=P140057659)[2](https://app.finbar.com/go?id=P140060843)[3](https://app.finbar.com/go?id=P139984517)[4](https://app.finbar.com/go?id=T16002715)[5](https://app.finbar.com/go?id=T16002706)

## Products & services

Aker BP’s saleable products are primarily crude oil and other liquids, alongside natural gas. It reports liquids and gas as separate sales categories rather than providing a product-by-product breakdown of crude oil, condensate and natural gas liquids. In 2024, oil and liquids accounted for 86% of sold volumes and natural gas for 14%. [6](https://app.finbar.com/go?id=P140059991) Alvheim Blend is an example of a named crude stream; a published assay lists a sample at 34.0° API gravity and 0.41% sulphur by weight. [7](https://www.bp.com/en/global/bp-supply-trading-and-shipping/documents-and-downloads/technical-downloads/crudes-assays.html)
[6](https://app.finbar.com/go?id=P140059991)[7](https://www.bp.com/en/global/bp-supply-trading-and-shipping/documents-and-downloads/technical-downloads/crudes-assays.html)

## Geographic presence

Aker BP’s operations are concentrated on the Norwegian continental shelf. Its six main producing hubs are Alvheim, Grieg Aasen, Johan Sverdrup, Skarv, Ula and Valhall; it operates five of these field centres and is a partner at Johan Sverdrup. Grieg Aasen and Valhall are in the North Sea, while Skarv is in the northern Norwegian Sea. [8](https://app.finbar.com/go?id=P140058049)[9](https://app.finbar.com/go?id=P140057662)[10](https://app.finbar.com/go?id=P140058137)[11](https://app.finbar.com/go?id=P140058107)[12](https://app.finbar.com/go?id=P140058124)

The company is headquartered at Fornebu, outside Oslo, and has offices in Stavanger, Trondheim, Sandnessjøen and Harstad. Its production uses several export routes: Skarv gas is transported to Kårstø in Norway, while oil from the Ula area and Valhall is transported to Teesside in the United Kingdom; Valhall gas is transported to Emden in Germany. These routes describe physical exports, not a breakdown of revenue by customer location. [1](https://app.finbar.com/go?id=P140057659)[12](https://app.finbar.com/go?id=P140058124)[13](https://app.finbar.com/go?id=P140058145)[14](https://app.finbar.com/go?id=P140058108)
[8](https://app.finbar.com/go?id=P140058049)[9](https://app.finbar.com/go?id=P140057662)[10](https://app.finbar.com/go?id=P140058137)[11](https://app.finbar.com/go?id=P140058107)[12](https://app.finbar.com/go?id=P140058124)[1](https://app.finbar.com/go?id=P140057659)[13](https://app.finbar.com/go?id=P140058145)[14](https://app.finbar.com/go?id=P140058108)

## Business segments

Aker BP reports one operating segment: exploration for and production of petroleum in Norway. Management monitors the business at this level, so its producing areas are not separately reported operating segments. The single segment accounts for 100% of the company’s reported operations.[15](https://app.finbar.com/go?id=P139986175)

For an operational breakdown, Aker BP reports production across six hubs. In 2025, Johan Sverdrup contributed approximately 55% of total production; Alvheim 15%; Eiga, the Edvard Grieg and Ivar Aasen hub, 11%; Valhall 10%; Skarv 8%; and Ula 2%.[16](https://app.finbar.com/go?id=T16002641) These are approximate shares of production, not separately reported segment revenue or profit.[16](https://app.finbar.com/go?id=T16002641)
[15](https://app.finbar.com/go?id=P139986175)[16](https://app.finbar.com/go?id=T16002641)[16](https://app.finbar.com/go?id=T16002641)[16](https://app.finbar.com/go?id=T16002641)[16](https://app.finbar.com/go?id=T16002641)[16](https://app.finbar.com/go?id=T16002641)[16](https://app.finbar.com/go?id=T16002641)[16](https://app.finbar.com/go?id=T16002641)[17](https://app.finbar.com/go?id=P139984571)

## Company history

Aker BP traces its corporate history to Pertra, which was re-established in Trondheim in 2005 and listed on the Oslo Stock Exchange in 2006. In 2007, Pertra combined with DNO’s Norwegian operations and adopted the name Det norske oljeselskap ASA. Det norske merged with Aker Exploration in 2009, then acquired Marathon Oil Norge in 2014, adding the operated Alvheim assets. [18](https://app.finbar.com/go?id=P167399304)[19](https://app.finbar.com/go?id=P167399306)[20](https://akerbp.com/wp-content/uploads/2021/02/q4-2007-interim-report.pdf)[21](https://app.finbar.com/go?id=P167399310)[22](https://akerbp.com/en/borsmelding/det-norske-becomes-one-of-the-largest-listed-independent-ep-companies-in-europe-2/)

In 2016, Det norske combined with BP Norge to form Aker BP. Production began at its operated Ivar Aasen field later that year, and the Johan Sverdrup field, in which Aker BP held an interest, began production in 2019. Aker BP expanded again in 2022 through a merger with Lundin Energy’s exploration and production business. [23](https://akerbp.com/en/borsmelding/aker-bp-merger-completed-integration-process-on-track-2/)[24](https://akerbp.com/en/borsmelding/production-started-at-the-ivar-aasen-field-2/)[25](https://akerbp.com/en/borsmelding/johan-sverdrup-is-on-stream-2/)[26](https://akerbp.com/en/borsmelding/merger-between-aker-bp-and-lundin-energys-ep-business-completed-2/)
[18](https://app.finbar.com/go?id=P167399304)[19](https://app.finbar.com/go?id=P167399306)[21](https://app.finbar.com/go?id=P167399310)[20](https://akerbp.com/wp-content/uploads/2021/02/q4-2007-interim-report.pdf)[22](https://akerbp.com/en/borsmelding/det-norske-becomes-one-of-the-largest-listed-independent-ep-companies-in-europe-2/)[23](https://akerbp.com/en/borsmelding/aker-bp-merger-completed-integration-process-on-track-2/)[24](https://akerbp.com/en/borsmelding/production-started-at-the-ivar-aasen-field-2/)[25](https://akerbp.com/en/borsmelding/johan-sverdrup-is-on-stream-2/)[26](https://akerbp.com/en/borsmelding/merger-between-aker-bp-and-lundin-energys-ep-business-completed-2/)

## Sources

1. [AKER BP ASA — Full financial report (2024 Y), p3](https://app.finbar.com/go?id=P140057659)
2. [AKER BP ASA — Full financial report (2024 Y), p223](https://app.finbar.com/go?id=P140060843)
3. [AKER BP ASA — Full financial report (2025 Y), p20](https://app.finbar.com/go?id=P139984517)
4. [AKER BP ASA — Full financial report (2025 Y), p137](https://app.finbar.com/go?id=T16002715)
5. [AKER BP ASA — Full financial report (2025 Y), p118](https://app.finbar.com/go?id=T16002706)
6. [AKER BP ASA — Full financial report (2024 Y), p157](https://app.finbar.com/go?id=P140059991)
7. [www.bp.com](https://www.bp.com/en/global/bp-supply-trading-and-shipping/documents-and-downloads/technical-downloads/crudes-assays.html)
8. [AKER BP ASA — Full financial report (2024 Y), p20](https://app.finbar.com/go?id=P140058049)
9. [AKER BP ASA — Full financial report (2024 Y), p3](https://app.finbar.com/go?id=P140057662)
10. [AKER BP ASA — Full financial report (2024 Y), p22](https://app.finbar.com/go?id=P140058137)
11. [AKER BP ASA — Full financial report (2024 Y), p21](https://app.finbar.com/go?id=P140058107)
12. [AKER BP ASA — Full financial report (2024 Y), p22](https://app.finbar.com/go?id=P140058124)
13. [AKER BP ASA — Full financial report (2024 Y), p22](https://app.finbar.com/go?id=P140058145)
14. [AKER BP ASA — Full financial report (2024 Y), p21](https://app.finbar.com/go?id=P140058108)
15. [AKER BP ASA — Full financial report (2025 Y), p152](https://app.finbar.com/go?id=P139986175)
16. [AKER BP ASA — Full financial report (2025 Y), p21](https://app.finbar.com/go?id=T16002641)
17. [AKER BP ASA — Full financial report (2025 Y), p23](https://app.finbar.com/go?id=P139984571)
18. [AKER BP ASA — Full financial report (2015 Y), p2](https://app.finbar.com/go?id=P167399304)
19. [AKER BP ASA — Full financial report (2015 Y), p2](https://app.finbar.com/go?id=P167399306)
20. [akerbp.com](https://akerbp.com/wp-content/uploads/2021/02/q4-2007-interim-report.pdf)
21. [AKER BP ASA — Full financial report (2015 Y), p2](https://app.finbar.com/go?id=P167399310)
22. [akerbp.com](https://akerbp.com/en/borsmelding/det-norske-becomes-one-of-the-largest-listed-independent-ep-companies-in-europe-2/)
23. [akerbp.com](https://akerbp.com/en/borsmelding/aker-bp-merger-completed-integration-process-on-track-2/)
24. [akerbp.com](https://akerbp.com/en/borsmelding/production-started-at-the-ivar-aasen-field-2/)
25. [akerbp.com](https://akerbp.com/en/borsmelding/johan-sverdrup-is-on-stream-2/)
26. [akerbp.com](https://akerbp.com/en/borsmelding/merger-between-aker-bp-and-lundin-energys-ep-business-completed-2/)

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