Aker BP ASA

Aker BP ASA

Aker BP ASA

Overview
Date Founded

2001

Headquarters

Oksenoyveien 10, Fornebuporten, Building B, Lysaker, 1366, NOR

Type of Company

Public

Employees (Worldwide)

1,703

Industries

Oil & Gas

Company Description

Aker BP ASA engages in the exploration, development and production of petroleum in Norway. The firm conducts its activities on the Norwegian Continental Shelf. It has balanced portfolio and is the operator of the Valhall, Ula, Ivar Aasen, Alvheim and Skarv field hubs. The company was founded in 2001 and is headquartered in Lysaker, Norway.

Contact Data
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Executives & Employees

Chief Executive Officer

Deputy Chairman

Chief Financial Officer

Director

Director, Employee Representative

Director, Employee Representative

Director

Director

Senior Vice President & Asset Manager Noaka

Board of Directors

President & Chief Executive Officer at Aker ASA

Professional at PJT Partners, Inc.

Former Professional at Aker BioMarine ASA

Director at Aker BP ASA

Chief Financial Officer at BP Plc

Group Head of Tax at BP Plc

Director at Aker BP ASA

Director at Aker BP ASA

Chief Executive Officer at Agility Group AS

Director, Employee Representative at Aker BP ASA

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Owners & Shareholders
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Folketrygdfondet is an active, value-oriented, long-term manager which administers the Government Pension Fund Norway following rules set by the Ministry of Finance mandate requiring them to invest in equities and fixed-income instruments in a counter-cyclical manner in Norway, Denmark, Finland and Sweden. The strategic benchmark stipulates a 60 percent allocation to equities and 40 percent to fixed income, with a regional split of 80-90 percent in Norway and 10-20 percent across the rest of the Nordic region. The firm’s managers apply both qualitative and quantitative criteria. Folketrygdfondet focus on fundamental factors such as macroeconomic assessments, performance trends, equity returns, capital structure, pricing, cash flow and analyses of corporate governance, environmental and social matters.

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DNB-AM uses both active and passive investment processes to invest globally in a variety of asset classes including equity, debt, money market instruments, commodities and alternative investments. They invest across market-caps and sectors, with the bulk of their assets in Norwegian blue chip equity. The firm's investment approach for fixed-income and money market instruments takes into accounts short-term trends and long-term strategy. Index funds are geared towards maximal cost effectiveness. Actively managed portfolios are diversified, uncorrelated and favor liquid markets. They use disciplined review and exit processes including stop-losses. DN- AM’s SRI screening process includes risk classification according to objective risk criteria, verification through independent sources and, direct company contact.

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NIM Norway’s investment process starts with dynamic asset allocation. Thematic portfolio construction follows a combination of top-down and bottom-up processes, and seeks to identify long-term trends due to major structural changes such as technology advances, demographic shifts or globalization. Connected themes span a variety of sectors and include outsourcing, privatization, deregulation and TMT. Stock selection focuses on undervalued companies with an ability to exploit the opportunities offered by a particular theme. NIM Norway constructs value-based portfolios, targeting companies with strong financials and high free cash flow potential, and traded below their intrinsic value by a large margin. This approach focuses on under-researched small- to mid-cap companies.

Recent Transactions
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Aker BP ASA purchases Equinor ASA /King Lear Discovery from Equinor ASA

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Pandion Energy AS, Kerogen Capital (Asia) Limited purchase Aker BP ASA /Valhall & Hod Fields from Aker BP ASA

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Aker BP ASA purchases Hess Norge AS from Hess Corp.

Clients

BP Plc operates as an integrated oil and gas company. It operates through the following segments: Upstream, Downstream and Rosneft. The Upstream segment engages in the oil and natural gas exploration, field development and production, midstream transportation, storage and processing and marketing and trade of natural gas, including liquefied natural gas and power and natural gas liquids. The Downstream segment refines, manufactures, markets, transports, supplies, and trades crude oil, petroleum, petrochemicals products and related services to wholesale and retail customers. The Rosneft segment engages in investment activities. The company was founded by William Knox D'Arcy on April 14, 1909 and is headquartered in London, the United Kingdom.

Key Stats and Financials As of 2020
Market Capitalization
$9.32B
Total Enterprise Value
$12.4B
Earnings Per Share
$0.13
Debt TEV
0.33x
TEVNet Income
258.98x
Enterprise Value EBITDAOperating
5.6x
Enterprise Value / Sales
4.04x
EBITDAMargin
72.13%
Three Year Compounded Annual Growth Rate Of Revenue
8.24%
Revenue
$3.07B
Total Equity
$1.94B
Total Debt
$4.08B
EBITDA
$2.22B
Net Profit
$47.9M
Investments
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Resoptima AS provides software solutions and consultancy services to the upstream oil and gas industry. Its products include ResX, Olyx, and Petro-elastic model (PEM). The firm also offers reservoir consultancy, plug-in and software development, and implementation and training. The company was founded by Tore Felix Munck in 2010 and is headquartered in Oslo, Norway.

Suppliers
Subsea 7 SA Engineering, Construction & Architecture | London, United Kingdom

Subsea 7 SA engages in the provision of engineering and construction services to the offshore drilling industry. It provides cost-effective technical solutions to enable the delivery of complex projects in all water depths and challenging environments. The company was founded on January 7, 2011 and is headquartered in London, the United Kingdom.

Altera Infrastructure LP Shipping & Delivery | Hamilton, Bermuda

Altera Infrastructure LP engages in the provision of marine transportation, oil production and storage services to the offshore oil industry. It operates through the following segments: FPSO, Shuttle Tanker, FSO, UMS, and Towage & Offshore Installation Vessels. The FPSO segment involves in the offshore production facilities that are ship-shaped or cylindrical-shaped and store processed crude oil in tanks located in the hull of the vessel. The Shuttle Tanker segment offers ship designed to transport crude oil and condensates from offshore oil field installations to onshore terminals and refineries. The FSO segment provides on-site storage for oil field installations that have no storage facilities or that require supplemental storage. The UMS segment includes maintenance and safety used for offshore accommodation, storage and support for maintenance and modification projects on existing offshore installations. The Towage & Offshore Installation Vessels segment comprises of towing and offshore installation vessels used for the towage, station-keeping, installation and decommissioning of large floating objects such as exploration, production and storage units. The company was founded on August 31, 2006 and is headquartered in Hamilton, Bermuda.

Aker Solutions ASA Oil & Gas | Lysaker, Norway

Aker Solutions ASA engages in the provision of products, systems, and services to the oil and gas industry. It operates through following segments: Projects, Services, and Other. The Projects segment offers subsea equipment and systems, engineering and procurement in addition to brownfield maintenance, modifications and hook-up. The Services segment covers the subsea lifecycle services and production asset services. The Other segment includes unallocated corporate costs, onerous lease cost and the effect of hedges not qualifying for hedge accounting. The company was founded in 1841 and is headquartered in Lysaker, Norway.

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