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    Home > Finance > Total, Aker BP seek bigger stakes in giant Equinor oilfield
    Finance

    Total, Aker BP seek bigger stakes in giant Equinor oilfield

    Published by Global Banking & Finance Review®

    Posted on February 12, 2025

    2 min read

    Last updated: January 26, 2026

    The image illustrates the Johan Sverdrup oilfield in the North Sea, where TotalEnergies and Aker BP aim to increase their stakes. This strategic move highlights shifts in oil production interests and financial stakes in the energy sector.
    TotalEnergies and Aker BP collaborate on Equinor's Johan Sverdrup oilfield - Global Banking & Finance Review
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    Quick Summary

    TotalEnergies and Aker BP are reviewing their stakes in Equinor's Johan Sverdrup oilfield to potentially increase their holdings.

    Total and Aker BP Pursue Larger Equinor Oilfield Stakes

    OSLO (Reuters) - TotalEnergies and Aker BP are seeking an independent review of their stakes in Equinor's Johan Sverdrup oilfield with a goal of boosting their holdings in the North Sea's largest producing field, Aker BP said on Wednesday.

    Built across several offshore oil and gas licences, Sverdrup is currently owned 42.63% by its operator Equinor, while Aker BP holds 31.57%, Norwegian state-owned oil firm Petoro 17.36% and France's TotalEnergies the remaining 8.44%.

    The owners of the field, which began producing oil in 2019, have the right to seek reviews of their stakes based on production and reservoir data.

    "TotalEnergies used an option to call for a redetermination process," Aker BP CEO Karl Johnny Hersvik told reporters, adding that his company supported the action.

    "I'm not going to speculate on the results of such a process, but obviously we wouldn't have done that if we didn't expect a positive change," Hersvik said.

    Sverdrup is expected to produce around 720,000 barrels of oil equivalent per day on average in 2025, close to its level in 2023-2024, Equinor said last week.

    Equinor did not immediately respond to a request for comment.

    (Reporting by Nerijus Adomaitis, editing by Terje Solsvik and Christian Schmollinger)

    Key Takeaways

    • •TotalEnergies and Aker BP seek stake review in Equinor's oilfield.
    • •Johan Sverdrup is the largest oilfield in the North Sea.
    • •Equinor holds the largest share at 42.63%.
    • •The field began producing oil in 2019.
    • •Production expected to average 720,000 barrels per day by 2025.

    Frequently Asked Questions about Total, Aker BP seek bigger stakes in giant Equinor oilfield

    1What is the main topic?

    The main topic is TotalEnergies and Aker BP seeking to increase their stakes in Equinor's Johan Sverdrup oilfield.

    2Why are TotalEnergies and Aker BP reviewing their stakes?

    They are reviewing their stakes to potentially increase their holdings based on production and reservoir data.

    3What is the significance of the Johan Sverdrup oilfield?

    It is the largest producing oilfield in the North Sea, with significant production capacity.

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