Aker BP ASA

Overview

Date Founded

2001

Headquarters

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

Type of Company

Public

Employees (Worldwide)

1,493

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.

Website

http://www.akerbp.com

Contact Data

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In The News

Targeted News Service

February 20, 2020

Society of Petroleum Engineers Schedules Session on Digital Transformation

SNL Energy Finance Daily

February 12, 2020

Aker BP's Q4'19 net profit rises YOY as Johan Sverdrup startup boosts production

ENP Newswire

February 12, 2020

-PGNiG expanding its upstream portfolio on the Norwegian Continental Shelf

ENP Newswire

February 12, 2020

-Aker BP - Capital Markets Update 2020

ENP Newswire

February 12, 2020

-Aker BP strengthens its position in the Skarv area

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Executives & Employees

Karl Johnny Hersvik

Chief Executive Officer

David Torvik Tønne

Chief Financial Officer

Kjetel Digre

Senior Vice President-Operations & Asset Development

Knut Sandvik

Senior Vice President Projects

Marit Blaasmo

Senior Vice President HSEQ

Evy Glørstad

Senior Vice President Exploration

Lene Landøy

Senior Vice President-Strategy & Business Development

Tommy Sigmundstad

Senior Vice President Drilling & Well

Per Harald Kongelf

Senior Vice President Improvement

Ole Johan Molvig

Senior Vice President Reservoir

Board of Directors

Øyvind Eriksen

President & Chief Executive Officer at Aker ASA

Anne Marie Cannon

Former Director-Investment Banking Energy Team at J. Henry Schroder Wagg & Co. Ltd.

Kjell Inge Røkke

Former Professional at Aker BioMarine ASA

Bernard Looney

Chief Executive Officer & Director at BP Plc

Kate Thomson

Group Head of Tax at BP Plc

Trond Brandsrud

Anette Hoel Helgesen

Aker BP ASA

Gro Gauthun Kielland

Chief Executive Officer at Agility Group AS

Terje Solheim

Aker BP ASA

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Aker BP ASA

Owners & Shareholders

Details Hidden

Folketrygdfondet

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 85 percent in Norway and 15 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.

Details Hidden

Luminor

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. DNB AM's SRI screening process includes risk classification according to objective risk criteria; verification through independent sources and; direct company contact.

Details Hidden

Alfred Berg Kapitalforvaltning AS

AB Kapital invests globally in debt and equity across sectors and market-caps, aiming to achieve long-term stable outperformance. Their geographic focus is on Norway and Nordic countries. The firm believes that thorough research can identify market anomalies and achieve superior and consistent investment results. Their internal allocation team performs both tactical and strategic asset allocation to construct portfolios.

Recent Transactions

Details Hidden

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

Details Hidden

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

Details Hidden

Aker BP ASA purchases Hess Norge AS from Hess Corp.

Clients

BP Plc

BP Plc operates as an integrated oil and gas company. It operates through three segments: Upstream, Downstream and Rosneft. The Upstream segment engages in the oil and natural gas exploration, field development, and production; midstream transportation, and storage and processing; and marketing and trade of natural gas, including liquefied natural gas, and power and natural gas liquids. It also owns and manages crude oil and natural gas pipelines; processing facilities and export terminals; and LNG processing facilities and transportation, as well as NGL extraction business. The Downstream segment refines, manufactures, markets, transports, supplies, and trades in crude oil, petroleum, and petrochemicals products and related services to wholesale and retail customers. It offers lubricants and related products under the Castrol, BP, and Aral brands to the automotive, industrial, marine, and energy markets; and petrochemicals products, such as purified terephthalic acid, paraxylene, acetic acid, olefins and derivatives, and specialty petrochemicals products. The Rosneft segment engages in the exploration and production of hydrocarbons in the United States, Canada, Vietnam, Venezuela, Brazil, Algeria, the United Arab Emirates, Turkmenistan, and Norway; and offers jet fuel, bunkering, bitumen, and lubricants. The firm also produces bioethanol, sugar, and biobutanol; exports power to the local grid; transports hydrocarbon products through shipping and chartering services. The company was founded by William Knox D'Arcy in 1908 and is headquartered in London, the United Kingdom.

Key Stats and Financials As of 2019

Market Capitalization

$88.9B

Total Enterprise Value

$134B

Earnings Per Share

$3.45

Revenue

$29.4B

Five Year Compounded Annual Growth Rate Of Revenue

63.01%

EBITDAMargin

69.42%

Three Year Compounded Annual Growth Rate Of Revenue

40.57%

Debt TEV

0.24x

TEVNet Income

108.23x

Enterprise Value EBITDAOperating

6.59x

Enterprise Value Sales

4.57x

EBITDA

$20.4B

Total Equity

$20.8B

Total Debt

$31.6B

Net Profit

$1.24B

Suppliers

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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.

Teekay Offshore Partners LP Marine Shipping | Hamilton, Bermuda

Teekay Offshore Partners 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 and offshore installation vessels segment and the conventional tanker segment. 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 offers ship designed to transport crude oil and condensates from offshore oil field installations to onshore terminals and refineries. The FSO segment provide on-site storage for oil field installations that have no storage facilities or that require supplemental storage. The UMS segment includes mintenance and safety used for offshore accommodation, storage and support for maintenance and modification projects on existing offshore installations. The Towage 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 offshore installation vessels are used for the towage, station-keeping, installation and decommissioning of large floating objects, such as exploration, production and storage units, including FPSO units, FLNG units and floating drill rigs. The conventional tanker segment consists of two in-chartered conventional tankers, which are currently operating in the spot conventional tanker market. 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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