Aker CEO Sees M&A Opportunities

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

COP28 Draft Text Sets New Options on Fossil Fuel Phase Out

COP28 Draft Text Sets New Opti

OPEC Chief Urges Members to Reject Any COP28 Deal that Targets Fossil Fuels

OPEC Chief Urges Members to Re

GATE Energy Awarded Woodside Trion FPU Commissioning

GATE Energy Awarded Woodside T

FTC Seeks Additional Data on Chevron-Hess Deal

FTC Seeks Additional Data on C

Subscribe for OE Digital E‑News

Offshore Engineer Magazine