Aker BP

Aker BP trading update for Q1-2024

Aker BP (OSE: AKRBP) (OTCQX: AKRBF; AKRBY) today announces its preliminary

production and sales figures for the first quarter 2024.

The company's equity production for the period was 448.0 thousand barrels of oil

equivalents per day (mboepd). Net volume sold in the quarter was 428.9 mboepd.

Volume (mboepd) Q1-24 Q4-23 Q1-23

Net production 448.0 444.3 452.7

Overlift/(underlift) (19.0) 22.6 (3.1)

Net volume sold 428.9 466.9 449.6

Of which liquids 364.5 408.4 384.1

Of which natural gas 64.4 58.5 65.5

Realised prices Q4-23 Q4-23 Q1-23

Liquids (USD/boe) 82.7 83.6 78.4

Natural gas (USD/boe) 51.4 73.9 98.7

The company will release its first quarter 2024 report on Wednesday 24 April

2024 at 07:00 CEST. At 08:30 CEST the same day, the management will present the

results on a webcast available on www.akerbp.com/en. The presentation will be

followed by an online Q&A session.

Contacts:

Kjetil Bakken, Head of IR, tel.: +47 918 89 889

Carl Christian Bachke, IR Officer, tel.: +47 909 80 848

Martin Seland Simensen, IR Officer, tel.: +47 416 92 087

About Aker BP:

Aker BP is a company engaged in exploration, field development and production of

oil and gas on the Norwegian continental shelf. The company operates the field

centres Alvheim, Edvard Grieg, Ivar Aasen, Skarv, Ula and Valhall, and is a

partner in the Johan Sverdrup field. Aker BP is headquartered at Fornebu,

Norway, and is listed on Oslo Børs under the ticker AKRBP. More about Aker BP at

www.akerbp.com.

This information is subject to disclosure requirements pursuant to section 5-12

of the Norwegian Securities Trading Act and requirements under the EU Market

Abuse Regulation.

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