Aker BP Finds Oil in NOAKA Area

Aker BP has made an oil discovery in the NOAKA – North of Alvheim Krafla Askja – area in the Norwegian section of the North Sea.

Aker BP is about to complete the Liatårnet exploration well in licence 442 in the NOAKA area. The well has proved oil with a gross resource estimate of 80-200 mmboe.

Further data acquisition and analysis will be undertaken to determine the drainage strategy and recovery factor for the discovery.

Evy Glørstad-Clark, SVP Exploration in Aker BP said: “The exploration success at Liatårnet is an encouraging result of a long-term strategy to unlock the exploration potential in the NOAKA area and provide the basis for an area development. The discovery represents a significant addition to the NOAKA resource base.”

Aker BP is the operator and holds 90.26 percent interest in licence 442. The partner is LOTOS with 9.74 percent.

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