LYSAKER, Norway, Feb. 11, 2026 /PRNewswire/ — Aker BP delivered solid operational and financial performance in the fourth quarter of 2025, with high production efficiency, low costs and low emissions, and continued progress across all major development projects. The company further strengthened its long-term outlook through successful exploration, the maturation of new opportunities across its hubs, and continued deployment of digital and alliance-based execution models.
Fourth quarter highlights
- Stable production: Net production averaged 411 mboepd, supported by 96 percent production efficiency and safe, reliable operations across the portfolio.
- Johan Sverdrup: Delivered strong performance with high efficiency and very low operating costs, while preparing for an extensive 2026 drilling programme. Phase 3 remains on track for start-up in late 2027.
- Project delivery: All major field development projects progressed according to plan, achieving key construction, drilling, and installation milestones during the quarter.
- Exploration success: The Lofn-Langemann discovery concluded a strong exploration year – Aker BP participated in the three largest discoveries on the NCS in 2025, with total discovered volumes of more than 100 million barrels net.
- Solid financials: Total income amounted to USD 2.6 billion, with operating cash flow of USD 1.6 billion for the quarter.
- Disciplined capital allocation: Capital expenditure totalled USD 2.0 billion, reflecting high activity across the company’s development portfolio.
- Resilient dividends: A dividend of USD 0.63 per share was paid in the quarter, bringing full-year dividends to USD 2.52 per share.
Operational and strategic developments
Throughout 2025, Aker BP maintained high production efficiency and strengthened the foundation for future growth. The company advanced its major development projects toward start-up in 2027 and accelerated the Skarv Satellites and Utsira High developments, both now expected to come on stream in 2026.
The Yggdrasil project continued to progress according to plan through 2025, with jackets installed, drilling underway and topsides construction advancing at the yards. The Omega Alfa discovery has further strengthened the resource base in the area and supports Aker BP’s long-term ambition for more than one billion barrels of total recoverable resources. Additional exploration drilling is planned in the area next year, reflecting the significant remaining potential around the development.
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