Aker BP

Aker BP fourth quarter 2023 trading update

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

production and sales figures for the fourth quarter 2023. The company's equity

production for the period was 444.3 thousand barrels of oil equivalents per day

(mboepd). Net volume sold in the quarter was 466.9 mboepd. For the full year

2023, production was 456.8 mboepd.

Volume (mboepd) Q4-23 Q3-23 2023

Net production 444.3 449.8 456.8

Overlift/(underlift) 22.6 0.3 4.2

Net volume sold 466.9 450.0 461.0

Of which liquids 408.4 389.5 397.8

Of which natural gas 58.5 60.5 63.2

Realised prices Q4-23 Q3-23 2023

Liquids (USD/boe) 83.6 87.6 81.6

Natural gas (USD/boe) 73.9 60.5 74.3

Fourth quarter 2024 and Strategy Update - programme

· Date: Thursday 8 February 2024

· Report to be released: 06:00 CET

· Online presentation by management: 08:30 CET

· Presentation available at: www.akerbp.com/en

· Followed by Q&A session

Contact:

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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