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Aker BP increasing spending 23% to $1.6B this year

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Aker BP CFO David Torvik Tønne said the company will spend $1.6 billion this year with heavy focus on Valhall and Johan Sverdrup, with $500 million of it for Norwegian North Sea exploration. In all, it plans 15 exploration wells targeting net prospective resources of 500 MMboe. This year the board proposes to pay out a total of $750 million in dividends, up from $450 million last year. The goal for next year, according to CEO Karl Johnny Hersvik, is......
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