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03 February 2026

Daily Newsletter

03 February 2026

Aker BP starts oil production at Solveig phase two development

Solveig, a subsea development, is situated roughly 15km south of the Edvard Grieg platform and connected via existing infrastructure.

Shree Mishra February 03 2026

Aker BP has commenced oil production from phase two of the Solveig project in the Norwegian North Sea, less than three years after sanctioning the expansion.

The phase two development aims to increase the Solveig field’s recoverable resources by approximately 39 million barrels of oil equivalent (mboe).

The company said the production milestone was delivered on schedule and within budget.

Located roughly 15km south of the Edvard Grieg platform in the Utsirahøyden area, Solveig is tied back to Edvard Grieg via existing infrastructure. The field has been producing since 2021.

The phase two development required the drilling of three wells to target new and existing reservoir segments. It aims to extend plateau production while efficiently using Edvard Grieg's available capacity.

TechnipFMC provided the subsea systems for this expansion phase, while Moreld Apply handled modifications to the Edvard Grieg platform.

Drilling operations were executed by Odfjell Drilling and Halliburton through Aker BP’s drilling and wells alliance.

Aker BP CEO Karl Johnny Hersvik said: “Aker BP has once again delivered a project safely, efficiently and with high quality. Bringing Solveig Phase 2 on stream, on time and within budget demonstrates the strength of our suppliers and our execution model – creating value for our shareholders, partners and society.”

Solveig phase two is among five Aker BP-operated projects sanctioned in 2022 that have started production.

Aker BP operates Solveig (production licence PL 359) and Edvard Grieg (PL 338), and holds a 65% working interest in both, alongside partners OMV Norge (20%) and Harbour Energy Norge (15%).

Oil and gas production at Edvard Grieg began in November 2015. Current proved and probable reserves for Edvard Grieg are estimated at 379mboe.

Situated around 10km from the Ivar Aasen field, Edvard Grieg takes in oil and gas from Ivar Aasen for processing before export.

Aker BP's project portfolio includes total net resources of around 700mboe.

In August 2025, the company's Omega Alfa exploration campaign in the North Sea discovered oil, with expected recoverable volumes of between 96mboe and 134mboe, enhancing the Yggdrasil area's resource base.

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