Aker CEO Sees M&A Opportunities

Published

Oeyvind Eriksen (Photo: Aker)
Oeyvind Eriksen (Photo: Aker)

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)

Current News

Petrobras Picks TechnipFMC for Flexible Flowlines Delivery off Brazil

Petrobras Picks TechnipFMC for

Framo Signs Record Pump Service Deal for Petrobras FPSO Fleet

Framo Signs Record Pump Servic

Equinor Ups Snøhvit Future Cost Estimate to $2.8B, Timeline Unchanged

Equinor Ups Snøhvit Future Cos

Yinson Production Raises $1.46B to Refinance Agogo FPSO

Yinson Production Raises $1.46

Subscribe for OE Digital E‑News

 
Offshore Engineer Magazine