Equinor transferring Krafla’s operatorship to Aker BP

Equinor transferring Krafla’s operatorship to Aker BP

06 May 2022

Aker BP is soon to be come the operator of the Krafla field, in the North Sea. The company has recently signed a memorandum of understanding (MoU) with the current operator, Equinor.

Currently, both the companies have 50% shares in Krafla.

When the transfer is concluded, Aker BP will be the operator of the entire NOAKA development, which also includes Fulla and North of Alvheim. NOAKA holds about 600m barrels of oil equivalent (boe) and will demand an investment of US$10bn.

Now, Aker BP and Equinor will require a change of operator at Norway’s Ministry of Petroleum and Energy.

The transfer will be made official after an investment decision takes place and the authorities approve Krafla’s plan for development and operations (PDOs), to be jointly sent by the developers until the end of the year.

For more information please visit EICDataStream.

Read more from Industry News
CenterPoint Energy’s 460MW gas-fired power plant in Indiana receives approval
Read More
Siemens Gamesa secures supply agreement for 913MW project in Germany
Read More
Greenalia opens RFI for floating offshore wind projects in Spain
Read More