Aker BP Prepares for 2027 Start-Up with Installation of Yggdrasil and Valhall PWP Topsides
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During a pivotal third quarter, Aker BP pushed its major offshore developments on the Norwegian Continental Shelf into their final stages ahead of next summer’s targeted start-ups.
Key milestones were reached at the Yggdrasil field, where the installation of the Hugin B and Munin topsides was completed alongside all primary subsea infrastructure, allowing offshore hook-up and commissioning to begin. Concurrently, workers positioned the Valhall PWP topsides as part of the Valhall PWP-Fenris development. Both mega-projects are advancing on schedule for first oil next year.
“Having successfully placed the topsides for Hugin B, Munin, and Valhall PWP, along with completing Yggdrasil’s main subsea equipment, we are now in the home stretch toward bringing both projects online next summer,” stated Chief Executive Officer Karl Johnny Hersvik.
Adding to its operational momentum, the Skarv Satellites Project in the Norwegian Sea commenced production in late August, nearly 12 months ahead of its original timeline. Hersvik noted that the early launch underscores the company’s strong project delivery and the efficiency of tying new discoveries into established infrastructure.
Driven by scheduled maintenance, net production averaged 374,000 boed for the period, though net sold volumes grew 5% quarter-over-quarter to reach 396,000 boed. Aker BP maintained its full-year output forecast of 380,000 to 400,000 boed.
To support future growth, the operator is expanding its project pipeline through ongoing exploration, strategic alliances, and digital transformation initiatives—including artificial intelligence and integrated operations. Aker BP acts as operator for the Alvheim, Edvard Grieg (Eiga), Skarv, Ula, and Valhall hubs, as well as Yggdrasil, while holding a non-operated interest in Johan Sverdrup.
Additionally, the company has agreed to manage operations for the recently sanctioned Kjøttkake subsea tie-back to the Gjøa facility through initial production, at which point operatorship will transfer to DNO.
