Norwegian oil and gas company Aker BP ASA is planning to offer five- and/or 10-year U.S.-denominated senior unsecured notes, according to a Jan. 8 release.

The company intends to use the proceeds to partially repay outstanding amounts from its revolver credit; for general corporate purposes; and to pay the initial purchasers' discount, fees and expenses related to the offering.

Details of the offering, which includes interest rate, offering price and other terms, will be determined at the time of notes' pricing, subject to market conditions.