Aker BP
Oslo-listed operator of the Alvheim, Eiga, Skarv, Ula and Valhall field centres on the Norwegian continental shelf, with 3,108 employees and 2025 total income of $10.9 billion. Aker ASA and BP are its largest shareholders.
Industry: Oil and gas exploration and production | Location: Fornebu, Norway | Founded: 2016
About Aker BP
Aker BP ASA explores for, develops and produces oil and gas on the Norwegian continental shelf. Its headquarters is at Fornebu, outside Oslo, and it has offices in Stavanger, Trondheim, Harstad and Sandnessjøen. The shares are listed on the Oslo Stock Exchange under the ticker AKRBP. At the end of 2025 the company had 3,108 employees and a portfolio of 190 licences, of which it operated 131.\n\nAker BP was formed in 2016, when Det norske oljeselskap merged with BP's Norwegian subsidiary, BP Norge. On 30 June 2022 Aker BP took over Lundin Energy's Norwegian oil and gas business through a merger agreed in December 2021. Karl Johnny Hersvik has been chief executive since 2014 and David Tønne has been chief financial officer since 2019. Øyvind Eriksen, chief executive of Aker ASA, chairs the board.\n\nThe company operates the Alvheim, Eiga (Edvard Grieg and Ivar Aasen), Skarv, Ula and Valhall field centres and is a partner in the Johan Sverdrup field. Net production averaged 420.1 thousand barrels of oil equivalent per day in 2025. Its Eureka digital programme is built on the Cognite Data Fusion platform. In early 2022 Aker BP sold its shares in Cognite to Saudi Aramco, a payment it valued at about one billion Norwegian crowns.\n\nIn October 2026 the company and Höegh Evi were awarded EUR 223 million by the EU Innovation Fund for Atlas, a project to ship CO2 from European industrial regions for storage in a North Sea saline aquifer. The storage licence, EXL011, is operated by Aker BP with 80 percent alongside ORLEN Upstream Norway with 20 percent.\n\nAt 31 December 2025 the largest shareholders were Aker with 21.16 percent, BP with 15.87 percent and Nemesia with 14.38 percent. Total income for 2025 was $10.94 billion against $12.38 billion in 2024, and net profit was $132 million against $1.83 billion, after impairments of $944 million.\n\nOn 2 October 2026 Aker BP announced a new executive team organised along the value chain from 1 January 2027, with Hersvik remaining chief executive. It started production from the Skarv satellites in August 2026.
Leadership
- Karl Johnny Hersvik, Chief Executive Officer
- David Tønne, Chief Financial Officer
- Paula Doyle, Chief Digital Officer
- Øyvind Eriksen, Chair of the Board
- Anne Marie Cannon, Deputy Chair of the Board
- Kjell Inge Røkke, Board member
- Kate Thomson, Board member