Aker BP owns the Skarv oil field, which alone produces 22 million cubic meters per day of gas.
However, only half is destined for export.
The company uses the gas produced to boost oil production by injecting it into wells to increase pressure.
To this end, Karl Johnny Hersvik, Managing Director of Aker BP, recently stated:
“There are a few opportunities we are looking at, including gas exports versus injection into the Skarv field”.
Karl Johnny Hersvik explains that his choice to favor gas exports is directly linked to its price.
Aker BP is following the Norwegian lead, which favors gas for a European market in turmoil.
Every day, Norway exports 334 million cubic meters of gas to Europe, according to Gassco.
It provides 22% of Europe’s natural gas supply.
This puts the country in second place after Russia on the European market.
However, with current tensions, Europe is finding it difficult to import Russian gas.
This situation creates opportunities for Norwegian companies like Aker BP.
Before it, Equinor, Norway’s leading energy company, made the identical choice of gas over oil.
Like Aker BP, it prefers to reduce gas injections into its Heidrun and Gina Krog fields in favor of export.
