Aker BP and its partners have sanctioned the Kjøttkake development in Norway’s North Sea, with production to reach Gjøa through a subsea connection to Nova. Aker BP plans to rename the project Lyra.
DNO announced approval by the licence partners on 29 October 2026. The project’s estimated recoverable resources stand at 37 million barrels of oil equivalent, and gross output at plateau is expected to be about 20,000 boe per day.
The concept for licence PL1182S includes a subsea template and three multilateral wells linked to Nova. Standard equipment and infrastructure already in place will be used with the aim of shortening delivery time and containing execution costs.
At Aker BP’s third-quarter results presentation, chief executive Karl Johnny Hersvik confirmed project sanction and said submission of the plan for development and operation to Norway’s authorities would follow shortly.
Chief financial officer David Tønne indicated capital expenditure of approximately $20–25 per barrel. DNO managing director Chris Spencer specified a capital expenditure range of $20–25 per barrel of oil equivalent for the project. Hersvik said the investment case used 37 million barrels and considered that resource assumption conservative.
Aker BP owns 45% and will oversee development, while DNO holds 40% and Concedo 15%. DNO is due to regain operatorship when production starts. This arrangement follows the partners’ November 2025 agreement to accelerate development by assigning that phase to Aker BP.
DNO discovered the accumulation in March 2025 using Deepsea Yantai, a semi-submersible operated by Odfjell Drilling. The discovery-stage resource estimate ranged between 39 million and 75 million boe.
The project will join other subsea developments feeding Gjøa. DNO describes the hub as its largest source of offshore production in Norway.
