Aker BP

Preliminary results from the Liatårnet appraisal well

Aker BP has concluded the drilling of appraisal well 25/2-22S on the Liatårnet

discovery in licence 442 in the North Sea. The well encountered lower volumes of

hydrocarbons than expected. Pending further analysis, the preliminary results

indicate that a downward adjustment of the resource estimate for the discovery

is likely.

Liatårnet was discovered in 2019 and was considered as a potential resource

addition to the NOAKA development, however not included in the NOAKA resource

base. The results of this appraisal well will not impact the NOAKA development

project. Furthermore, the results from this well do not impact Aker BP's

exploration strategy in the area.

More details on the drilling results can be found in a press release from the

Norwegian Petroleum Directorate which is available at

https://www.npd.no/en/facts/news/Exploration-drilling-results/

Contacts:

Kjetil Bakken, VP Investor Relations, tel.: +47 918 89 889

Ole-Johan Faret, Press Spokesperson, tel.: +47 402 24 217

About Aker BP:

Aker BP is an independent E&P company with exploration, development and

production activities on the Norwegian Continental Shelf. Aker BP is the

operator of Alvheim, Ivar Aasen, Skarv, Valhall, Hod, Ula and Tambar. The

company is also a partner in the Johan Sverdrup field. Aker BP is headquartered

at Fornebu, Norway, and is listed on the Oslo Stock Exchange 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.

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