Aker BP's Major Discoveries in 2025 Set New Exploration Standards

Aker BP, alongside operator Equinor, has announced a groundbreaking gas and condensate discovery in the Lofn and Langemann wells located in the Sleipner area of the North Sea. With gross recoverable volumes estimated between 30 to 110 million barrels of oil equivalent (mmboe), this find marks a pivotal moment for Aker BP, concluding what has been a remarkably fruitful exploration year for the company.

Karl Johnny Hersvik, CEO of Aker BP, proclaimed, "The Lofn and Langemann discovery marks the end of a strong exploration year for Aker BP. Across three significant discoveries, we have contributed over 100 million barrels net to the company. This includes the earlier discoveries of Omega Alfa and Kjøttkake within the same year."

He further emphasized the implications of these findings, stating that it makes 2025 the company's most successful exploration year since the crucial Johan Sverdrup discovery in 2010. "These results are essential for sustaining production levels above 500,000 barrels per day well into the 2030s. This year’s progress strengthens our confidence in achieving that target,” added Hersvik.

Detailed Findings from Lofn and Langemann Wells

The Lofn (15/5-8 S) and Langemann (15/5-8 A) wells were drilled using the Deepsea Atlantic rig within production license PL1140, situated about 40 kilometers northwest of Sleipner A and strategically placed between the established Gudrun and Eirin fields. Both wells have successfully harvested gas and condensate from the high-quality sandstone reservoirs found in the Hugin formation. Classified as HPHT (high pressure, high temperature), these wells have been permanently sealed after extensive data collection, solidifying Aker BP's commitment to environmental responsibility and efficiency.

The license for PL1140 was awarded in the 2022 APA (Awards in Predefined Areas) licensing round, with Aker BP holding a 40% interest. The company plans on evaluating development options that will utilize existing infrastructure to facilitate efficient and low-emission production methods.

Omega Alfa: A Landmark Oil Discovery

Earlier this year, in August, Aker BP completed the Omega Alfa exploration campaign in the Norwegian North Sea, leading to one of the most notable oil discoveries in recent years with recoverable volumes estimated between 96 to 134 mmboe. Aker BP holds between 38 and 48 percent stake in the three licenses related to this find. Omega Alfa stands out as one of the largest commercial discoveries in Norway over the past decade, exemplifying how innovative exploration techniques can push boundaries and deliver significant results. This discovery aligns perfectly with Aker BP's ambitious goal of producing more than one billion barrels from the Yggdrasil area.

Kjøttkake: Fast-Tracking Development

The year also saw Aker BP and its partners making substantial developments at Kjøttkake, located in license PL1182S in the Northern North Sea. This discovery has shown promising recovery volumes estimated between 39 to 75 mmboe and is conveniently located near existing infrastructure in the Troll-Gjøa area. Following a transaction with Japex announced in July, Aker BP enhanced its stake in Kjøttkake to 45%. In November, an agreement was made to transfer operations to Aker BP during the development phase, thereby allowing the company to tap into its fast-track development capabilities for effective project execution. The partnership is already working on development solutions, aiming for first oil by 2028.

In summary, Aker BP's 2025 discoveries not only underline the company's ascent in the oil exploration sector but also set a new standard for future explorations, focusing on sustainability and innovation in petroleum production.