The statement said the merged company is the second largest operating company on the Norwegian Continental Shelf.
The initial announcement of Aker BP’s acquisition of Lundin Energy’s E&P business was made on Dec. 21, 2021.
The merger will be implemented in three stages:
- From July 1 this year, Lundin Energy Norway AS will operate as a fully owned subsidiary of Aker BP ASA, and the subsidiary’s name is changed to ABP Norway AS;
- From Oct. 1, all employees will be fully integrated into a single organization; and
- ABP Norway AS will then, according to the plan, be merged with Aker BP ASA as soon as it is practically feasible.