Finance
Aker BP makes 'significant' North Sea oil find
Published by Global Banking & Finance Review®
Posted on August 21, 2025
1 min readLast updated: January 22, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on August 21, 2025
1 min readLast updated: January 22, 2026
Aker BP and partners announce a significant oil discovery in the North Sea, adding 96-134 million barrels to the Yggdrasil field.
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.
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.
"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.
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)
The recoverable volume from the Omega Alfa exploration campaign is estimated at between 96 million and 134 million barrels of oil equivalent.
Aker BP CEO Karl Johnny Hersvik stated that Omega Alfa is among the largest commercial discoveries in Norway in a decade.
Aker BP, Equinor, and Poland's Orlen are the main partners in the discovery, with Aker BP holding significant stakes in the exploration licences.
The discovery was made across three separate exploration licences.
Aker BP plans to seek to unlock additional resources in the Yggdrasil field area following this significant discovery.
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