Deal Insight

Aker BP buys Equinor's operated stake in King Lear for US$250m

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23 October 2018

Aker BP buys Equinor's operated stake in King Lear for US$250m

Report summary

Equinor has announced the sale of its HP/HT King Lear and Julius discoveries in Norway, to Aker BP for US$250 million. This deal continues an active period of portfolio rationalisation for Equinor in Norway. Aker BP's remarkable growth story continues as it consolidates around core areas – the 77.8% operated stake in the King Lear Area lies 50 kilometres to the south of its Ula hub, where it will tie-in. Getting assets in the right hands can unlock challenging projects and King Lear is a prime example. Aker BP is planning to make a workhorse out of the King Lear Area, reinjecting a large percentage of the produced gas into the Ula reservoir.

Table of contents

  • Executive summary
  • Transaction details
  • Upstream assets
  • Deal analysis
    • Aker BP
    • Equinor
  • Oil & gas pricing and assumptions

Tables and charts

This report includes 7 images and tables including:

  • Executive summary: Table 1
  • Upstream assets: Table 1
  • Deal analysis: Table 1
  • Deal analysis: Table 2
  • Deal analysis: Table 3
  • Oil & gas pricing and assumptions: Table 1
  • Oil & gas pricing and assumptions: Table 2

What's included

This report contains:

  • Document

    Aker BP buys Equinor's operated stake in King Lear for US$250m

    PDF 739.09 KB

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