Aker CEO Sees M&A Opportunities

Thursday, February 14, 2019

Norwegian oil industry-focused investment firm Aker still sees mergers and acquisitions opportunities for its oil service firms, including Aker Solutions, its chief executive said on Thursday.

Oeyvind Eriksen also told Reuters its independent oil firm Aker BP, 30-percent owned by BP, could grow its output off Norway beyond the already stated plans, via acquisitions.

Eriksen said the plan of Aker's main shareholder, Norwegian billionaire Kjell Inge Roekke, to increase oil output to over 1 million barrels of oil equivalents per day (boepd) by 2025, was based on expected production in Norway and Ghana, where production could start in late 2020 or early 2021.


(Reporting by Nerijus Adomaitis, editing by Gwladys Fouche)

Categories: Mergers & Acquisitions Engineering Industry News Europe

Related Stories

Eni Agrees to Merge UK Upstream Assets with Ithaca Energy

Techouse Delivers Voyageur Spirit FPSO Equipment

ABL Gets Neptun Deep Job for OMV Petrom in Black Sea

Current News

Unique Group Celebrates 30 Years of Innovation

Talos Energy Makes Leadership Team Changes

SOVs – Analyzing Current, Future Demand Drivers

Equinor Cleared for Drilling Ops at Johan Castberg Field with Transocean Enabler Rig

Subscribe for OE Digital E‑News