Norway’s second biggest oil and gas company Aker BP ASA said exploration in the Norwegian North Sea resulted in one of the largest discoveries of oil made on the continental shelf in the last decade.
The drilling campaign bolstered recoverable volumes from the Yggdrasil area — located off Norway’s southwest coast — to between 96 million to 134 million barrels of oil equivalent, the company said in a statement Thursday. First oil from the development is expected in 2027.