Aker BP To Invest $19 Billion In Offshore Oil Projects In Norway ...Middle East

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Aker BP To Invest $19 Billion In Offshore Oil Projects In Norway
Norway’s oil and gas firm Aker BP approved plans to invest $19 billion in developing new projects offshore Norway by 2028, raising its initial capital expenditure plan by 20%, mostly due to cost inflation. Oil and gas operators offshore Norway have ramped up production and project developments in recent months as they look to supply more oil and gas to Europe in the absence of Russian energy supply. However, costs are rising due to inflationary pressures, and capital expenditure plans are being adjusted higher. Aker BP’s share of the…

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