Aker BP acquires oil and gas assets of Lundin Energy for $13.8 billion

Oil production and establishment corporation from Norway Aker BP has proclaimed an arrangement to procure gas/oil capital from Swedish autonomy firm Lundin Energy. The agreement is assessed at NOK 125 BLN, grants the Norwegian oil developer to become Europe’s largest independent oil producer. In the close future, the committee of managers of both corporations is predicted to make decisions on approving the agreement. The corporations have to find regulative concurrence. The deal is planned to be closed in the Q2 of next year. For the acquired capitals, Aker BP will pay $2.2 BLN in cash and issue 271.91 MLN fresh percentages to Lundin part holders. The Norwegian company expects that the acquisition will make it the Norwegian second-largest developer after Equinor.

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Arseny Kudrin

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