Pertra was created when the oil exploration and production division of Petroleum Geo-Services was demerged in 2001.

[4] In 2009, a Norwegian oil company Aker Exploration merged with Det Norske Oljeselskap.

On May 21, 2013, the company announced it had produced its first oil as an operator from the Jette field in the Norwegian sector of the North Sea.

The sale included the Alvheim floating production vessel and 10 active licenses on the Norwegian continental shelf in the North Sea.

[7] Swedish petroleum company Lundin Energy was purchased by Aker BP in July 2022 in a deal worth more than US$14 billion.