Norwegian oil and gas company Aker BP said it will acquire Apache’s stake in the Losgann/Froskelår discovery and assume operatorship across the cross-border accumulation near Alvheim on the UK-Norway median line.
The company also agreed to purchase a 51% working interest in the Slagugle area from ConocoPhillips Skandinavia, giving it operatorship of the Norwegian Continental Shelf asset. The transaction is subject to customary regulatory approvals.
Slagugle contains approximately 50 million barrels of gross recoverable oil, based on drilling results from three wells completed between 2020 and 2025. Following the acquisition, ConocoPhillips will retain a 29% non-operated stake, while INPEX Idemitsu Norge holds the remaining 20%.
