Aker BP and TotalEnergies get bigger stakes in Norway's Sverdrup oilfield (updated)

Aker BP ASA

08/06/2026 13:02

Updates throughout with TotalEnergies, Equinor comment
June 8 (Reuters) - Norway's Aker BP AKRBP.OL and French oil major TotalEnergies TTEF.PA have received slightly bigger stakes in Norway's Johan Sverdrup oilfield, western Europe's biggest producer, after a review process, the companies said on Monday.
Aker BP's stake in the North Sea field rises to 31.7163% from 31.5733%.
TotalEnergies increases its stake to 8.72% from 8.44% previously, the company said in an email to Reuters. 
The French company said the stake of Norway's state-owned Petoro will go down to 16.94% from 17.36% previously.
TotalEnergies and Aker BP in 2025 sought an independent review of their stakes in the oilfield with a goal of boosting their holdings.
The process revised ownership shares based on updated technical and production data.
Aker BP said it will receive an additional 2.2 million barrels of oil equivalent from the field over the next two years, reflecting a reallocation of historic production volumes.
Aker BP will pay around 300 million crowns ($31.7 million) before tax to reflect its share of past investment.
TotalEnergies said the redetermination would lead to an increase in its share of future production and cash flows along with a one-off adjustment of past allocations since start-up in 2019.
The redetermination does not affect ongoing operations at Johan Sverdrup, which is operated by Equinor EQNR.OL.
Majority state-owned Equinor said its stake remains unchanged at 42.6267%.
($1 = 9.4505 Norwegian crowns) 

 (Reporting by Jagoda Darlak, Nerijus Adomaitis and America Hernandez, editing by Anna Ringstrom and Terje Solsvik)
 ((Jagoda.Darlak@thomsonreuters.com; +48 58 769 65 40;))