Aker BP

Aker BP awarded 15 licenses in APA 2019

Aker BP has been offered interests in 15 new production licenses in Norway, of

which 9 as operator, through the Awards in pre-defined areas (APA 2019)

licensing round.

- We are pleased with these awards. There are several interesting growth

opportunities in the licenses awarded to Aker BP today, says Evy Glørstad,

Senior Vice President Exploration in Aker BP.

- These awards strengthen Aker BP's position in our core areas and is a basis

for continued high exploration activity, says Glørstad.

Of the 15 production licenses awarded to Aker BP, 11 are located in the North

Sea (7 as operator), 3 in the Norwegian Sea (1 as operator) and 1 in the Barents

Sea (as operator).

The APA 2019 awards were announced by the Ministry of Petroleum and Energy on

Tuesday 14 January 2020. In total, 69 licenses were offered to a total of

28 companies.

For more details on the awards, please see the announcement from the Ministry of

Petroleum and Energy

at http://oed.dep.no (https://emea01.safelinks.protection.outlook.com/?url=http%3

A%2F%2Foed.dep.no%2F&data=02%7C01%7C%7C867104933924490efcae08d67aead7cf%7C3b7e417

083484aa4bfae06a3e1867469%7C1%7C1%7C636831546389484985&sdata=xM0PXZ0kfgYhyedOraIT

ca08sYGIMKL9ZncsHNfGZKo%3D&reserved=0).

Contacts:

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

Media contact: Ole-Johan Faret, Press Spokesman, tel.: +47 402 24 217

About Aker BP:

Aker BP is a fully-fledged 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

'AKERBP'. 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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