LYSAKER, Norway — Aker BP will vote in favor of submitting plans for development and operation (PDOs) for four new projects offshore Norway.
Plans will then be submitted to the Norwegian authorities.
Aker BP, which operates all the planned developments, estimates its net share of resources at about 730 MMboe, with associated net investments of $19 billion during 2023-2028 and an average breakeven oil price of $35-40/bbl.
The calculations include a 10% discount rate and take account of proposed changes to the Norwegian Petroleum Tax, which would typically add $5-6/bbl to the breakevens.
Aker Solutions, via the Aker BP alliance models, has performed FEED for all four projects over the past year, under a single source supplier setting.
It is hopeful of netting associated contracts of about NOK45 billion ($4.61 billion).