Deal Insight

Det Norske and BP Norway merge to form Aker BP

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BP is merging its Norwegian business with independent E&P Det Norske, to form Aker BP. On completion, BP will own 30% of the combined business, with Aker - which currently owns 49.99% of Det Norske, owning 40%. The remainder will be held by other Det Norske shareholders. The business is expected to show strong growth between 2019 and 2023, driven by its 11.57% stake in the world-class Johan Sverdrup development.

Table of contents

  • Executive summary
  • Transaction details
    • BP
    • Det Norske
  • Deal analysis
  • Upsides and risks
  • Strategic rationale
  • Oil & gas pricing and assumptions

Tables and charts

This report includes the following images and tables:

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

What's included

This report contains:

  • Document

    Det Norske and BP Norway merge to form Aker BP

    PDF 305.63 KB