Aker BP acquired a 43MMboe–sized offshore license stake in North Sea

Aker BP has agreed to acquire stakes in a number of offshore licenses from Tullow Norge. The transaction comprises working interests in eight licenses, including 15% in the Oda—previously known as Butch—discovery in PL405.
According to a statement announcing the deal, the transaction will strengthen Aker BP’s position in core areas.
The Oda development concept is a tie-in to Ula field, and the discovery is estimated to contain 43 MMboe (gross). The partners are targeting an investment decision in 2016.