Global law firm Norton Rose Fulbright, working with Norwegian law firm Thommessen AS, has advised BP on the combination of its Norwegian subsidiary BP Norge’s business with Det norkse Oljeselskap ASA to create Aker BP. The deal closed on September 30, 2016. Aker BP is now the largest Norwegian independent oil and gas producer, independently listed on Oslo Stock Exchange and 30% owned by BP and 40% by Aker.

The Norton Rose Fulbright team was led by partner Geoff Peters with assistance from associates Andy Davies, Greg Smith and April Lord. Fiona Millington advised on public markets aspects of the transaction. The corporate transaction team was supported by Mike Knapper and George Cameron on IP matters and Catrina Smith advised on employment matters. The Thommessen team was led by partners Anders Arnkværn and Rune Solberg.