Aker BP submits $20 billion of oil and gas development plans to Norway government

Aker BP and its partners, including Norwegian state-controlled energy company Equinor, submitted plans on Friday to the Norwegian government representing total oil and gas investment of more than Nkr200 billion ($20 billion) in real terms.

Oslo-listed Aker BP said on Friday that it has submitted 10 plans for development and operation (PDOs) and one plan for installation and operation (PIO) to Norway’s Ministry of Petroleum & Energy.

Major oil and gas projects including Yggdrasil (formerly called Noaka), Valhall PWP-Fenris, Skarv Satellite Project and Utsira High are to be developed.