Aker Bp Makes 'significant' North Sea Oil Find

Aker BP Announces Major Oil Discovery in North Sea Yggdrasil Area

Significant Oil Discovery in North Sea

OSLO (Reuters) -Oil field operator Aker BP and its partners have made a significant oil discovery that adds substantial new resources to their Yggdrasil field area of the North Sea, the companies said in a statement on Thursday.

Details of the Omega Alfa Campaign

The Omega Alfa exploration campaign resulted in the discovery of a recoverable volume estimated at between 96 million and 134 million barrels of oil equivalent, Aker BP said.

Stakeholders in the Discovery

"Omega Alfa is among the largest commercial discoveries in Norway in a decade," Aker BP CEO Karl Johnny Hersvik said, adding that the companies will seek to unlock additional resources in the area.

Future Exploration Plans

The discovery was made across three separate exploration licences.

In two of those, Aker BP owns a 47.7% stake while Equinor holds 40% and Poland's Orlen has the remaining 12.3%.

In the third licence, Aker BP has 38.16%, Equinor 32%, Petoro 20% and Orlen 9.84%.

(Reporting by Terje Solsvik; Editing by Tom Hogue and Christian Schmollinger)