#Norway #Fornebu #Aker BP #SLB #Stimwell

Aker BP Extends Alliance with SLB and Stimwell Services

Aker BP, alongside SLB and Stimwell Services, has announced the extension of their strategic alliance for an additional five years, solidifying their commitment to boost oil production through innovative methods and collaboration. The new agreement was officially signed on April 2, 2025, at Aker BP's headquarters in Fornebu, Norway, by the CEOs of all three companies.

Collaborative Success Since 2019

Initially formed in 2019, this alliance has played a crucial role in helping Aker BP achieve its production objectives by leveraging collective expertise, digital technologies, and innovative practices. Over the years, the partnership has set notable benchmarks for safety, efficiency, and cost-effectiveness within the oil and gas sector. Key achievements include executing simultaneous operations using jack-up rigs, minimizing the backlog of locked-in barrels, and performing the world’s first fully autonomous intervention. The integration of digital workflows has not only enhanced productivity but also reduced operational risks and improved success rates.

Future-Ready Strategies

Looking ahead, the alliance aims to transform offshore well intervention and stimulation practices. The partners intend to sustain their top-quartile performance while focusing on future-proofing their operations. This includes intensifying digital transformation by integrating subsurface and operational domains, enhancing the capabilities of Aker BP's Integrated Operations Centre for remote operations, and fast-tracking the deployment of groundbreaking technologies.

One of the alliance's major contributions will be optimizing well-output across Aker BP's field development projects, particularly through the use of an upgraded stimulation vessel that will focus on the Valhall PWP wells. This innovative approach is expected to significantly boost future production capacities.

Commitment to Long-term Partnerships

Karl Johnny Hersvik, CEO of Aker BP, emphasized the importance of strategic partnerships in shaping the future of the oil and gas industry. He stated, “The alliance model allows us to create value through collaborative efforts, enhancing productivity while ensuring low-cost and low-emission energy production.” This reflects the company's vision of positioning itself as a forward-thinking enterprise in the energy sector.

Olivier Le Peuch, CEO of SLB, also shared insights into the pressing need for increased production from maturing assets within the industry. He highlighted that the alliance symbolizes the benefits derived through collaborative effort, stating, “Combined efforts are essential to tackle the complex challenges our industry faces. This partnership signifies how working together can drive significant innovation.”

Moreover, Sami Haidar, Managing Director of Stimwell Services, pointed out how stimulation techniques have been pivotal in enhancing recovery from challenging reservoirs like Valhall. Over the preceding five years, the alliance has skillfully navigated the complexities of tight areas within the field, utilizing innovative technologies to reduce execution time, carbon footprints, and enhance economic viability.

The Road Ahead

As Aker BP seeks to push the boundaries of what is possible in oil production, the continued collaboration with SLB and Stimwell Services is positioned to be key. The emphasis on innovation and performance is poised to not only benefit the respective companies but also contribute positively to the broader objectives of the energy sector, which increasingly demands sustainability and efficiency in operations.

In conclusion, the renewed alliance indicates a strong commitment to excellence and transformation in well intervention practices. Aker BP, alongside its partners, is set to navigate the future of oil production by embracing collaboration and technological advancement, ensuring long-term sustainability and success in the marketplace.