Aker BP swaps North Sea assets with Japex

Aker BP has agreed to swap interests in the Alve Nord and Verdande developments with Japex Norge AS for the latter's Northern North Sea portfolio and $14 million.

The deal increases Aker BP's stake in the Kjøttkake discovery to 45% and adds a 10% interest in the Kveikje discovery. The transaction takes effect January 1, 2025, pending Norwegian authority approval.