The transaction covers PL 169E, PL 956 and PL 956B and is expected to add 4.3 million boe net of combined 2P reserves and 2C resources, with the 2C volumes expected on stream in 2029.
Galdor Exploration will gain access to TGS data and technology, including its Seismic Foundation Model, to assess prospects on the Norwegian Continental Shelf and across the wider North Sea.
Aker BP project costs have risen to NOK 195.0 billion for Yggdrasil and NOK 93.4 billion for Valhall-Fenris, while both developments remain targeted for first production in 2027.
Norway has received applications from 21 companies for APA 2026 production licences, covering predefined acreage in the North Sea, Norwegian Sea and Barents Sea.
Aker BP has completed installation of the more than 16,500 t Valhall PWP topside, with Heerema Marine Contractors finishing its offshore scope for Valhall PWP-Fenris and Yggdrasil.
Equinor, Aker BP and Vår Energi will jointly pursue 20–25 high-impact exploration opportunities on the Norwegian continental shelf over the next four to five years.
Aker BP and Equinor have completed the Svarteknippa well 15/6-17 in the Norwegian North Sea without a hydrocarbon discovery. The well has been permanently plugged and abandoned.
SLB and Equinor have signed a multi-year NCS stimulation agreement that includes a major upgrade of MV Island Captain for fully proppant-capable offshore operations.
Equinor and its partners found 7.6-10.5 million barrels of recoverable oil equivalent at Skrugard North Tubåen, with a possible tie-back to the Johan Castberg field.
