Deal Insight
Aker BP buys Equinor's operated stake in King Lear for US$250m
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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
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Strategic rationale
- Aker BP
- Equinor
- Oil & gas pricing and assumptions
Tables and charts
This report includes the following images and tables:
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Executive summary: Table 1Upstream assets: Table 1Deal analysis: Table 1
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Deal analysis: Table 2Deal analysis: Table 3Oil & gas pricing and assumptions: Table 1Oil & gas pricing and assumptions: Table 2
What's included
This report contains:
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