Aker Energy AS was founded in February 2018 and is established as the newest member of the Aker Group.

The E&P company aims to become the offshore oil and gas operator of choice in Ghana. It is characterised by the entrepreneurial and flexible organisation that is synonymous with member companies of the Aker Group. Aker Energy is now operational with offices in Oslo and Accra, the capital of Ghana.

Aker Energy benefits from the Aker Group’s extensive track-record within the oil and gas industry around the world. Based on the technological competence and extensive oil services experience gained over decades and recently inspired by Aker BP’s record of success in its way of working on the Norwegian Continental Shelf; Aker Energy will be able to deliver streamlined fast-track development projects offshore Ghana.

Aker Energy will base its operating model on that of Aker BP, building its operations on an integrated, flexible and efficient structure for decision making. The integration is based on strong alliances with suppliers, developing cost efficient solutions. Furthermore, the company intends to be at the forefront of the digitalisation of oil and gas operations.

AKER GROUP COMPANIES

Aker BP is a fully-fledged E&P company with exploration, development and production activities on the Norwegian Continental Shelf (NCS).

Measured in production, Aker BP is one of the largest independent oil companies in Europe. Aker owns 40 per cent of the shares in Aker BP.

Aker owns 40 per cent of the shares in Aker BP.

Aker Solutions is a global oil service company that delivers services, technologies, products and solutions within Subsea and Field Design.

Aker owns 70 per cent of the shares in Aker Kværner Holding AS, which in turn owns 40.6 per cent of the shares in Aker Solutions, giving Aker an equity interest equivalent to 28.4 per cent in Aker Solutions. Aker also owns 6.4 per cent of the shares in Aker Solutions directly, bringing its total stake to 34.8 per cent. Øyvind Eriksen and Kjell Inge Røkke represent Aker on Aker Solutions’ board of directors.

Akastor owns several stand-alone businesses within the oilfield service industry, the most material ones being: MHWirth and AKOFS Offshore. In addition the business portfolio consist of some financial assets.

Aker owns 70 per cent of the shares in Aker Kværner Holding AS, which in turn owns 40.3 per cent of the shares in Akastor, giving Aker an equity interest equivalent to 28.2 per cent in Akastor. Aker also owns 8.5 per cent of the shares in Akastor directly. Frank O. Reite and Øyvind Eriksen represent Aker on Akastor’s board of directors.

Kvaerner is a specialist provider of engineering, procurement and fabrication services for the onshore oil and gas industry.

Aker owns 70 per cent of the shares in Aker Kvaerner Holding AS, which in turn owns 41 per cent of the shares in Kvaerner. Aker thus indirectly owns 28.7 per cent of Kvaerner. Kjell Inge Røkke represents Aker on Kvaerner’s board of directors.

Ocean Yield charters ships on long-term contracts, a strategy which offers predictability with respect to future earnings and dividend capacity.

Aker owns 66.2 per cent of the shares in Ocean Yield.

Aker BioMarine is vertically integrated and controls the entire supply chain, from sustainable krill harvesting in the Antarctic to innovative product development, production, logistics and marketing.

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