en.Wedoany.com Reported - Norwegian oil and gas company Aker BP has completed the redetermination process with its partners for the Johan Sverdrup field unit. The company's ownership stake in the Equinor-operated Johan Sverdrup field has increased from 31.5733% to 31.7163%. The redetermination process, initiated in January 2025, involved expert assessments based on updated technical and production data, thereby adjusting the ownership shares of the Johan Sverdrup field among the partners.

As part of the ownership redetermination, historical investments and production volumes will be reallocated among the partners according to the revised ownership percentages. Over the next two years, Aker BP will receive an additional 2.2 million barrels of oil equivalent in production allocation from the Johan Sverdrup field, while also paying approximately NOK 300 million (about USD 31.74 million) in pre-tax payments to reflect the reallocation of historical investments. The adjusted ownership will be reflected in the company's accounts starting from the third quarter of 2026.

Aker BP emphasized that this redetermination does not affect the daily operations of the Johan Sverdrup field, which continues to maintain strong production performance. Shortly before this, Equinor and Aker BP had just announced plans to seek synergies in several key areas of the Norwegian Continental Shelf to accelerate resource development and sustain high production levels. As one of the largest producing fields on the Norwegian Continental Shelf, the ownership adjustment of the Johan Sverdrup field reflects the partners' ongoing optimization of equity based on the latest production data.

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