Aker BP

Knut Sandvik new SVP Projects in Aker BP

Knut Sandvik will join Aker BP in the role as SVP Projects. He will be a part of

the Executive Management Team and will report to CEO Karl Johnny Hersvik.

Sandvik has worked for Aker Solutions for more than 30 years, joining what was

then Norwegian Contractors as a field engineer in 1987. Throughout his career,

Sandvik has held various senior project and leadership positions across the

organization, gaining valuable experience from both the engineering, subsea and

maintenance fields. His last two roles have been as a member of the executive

management team, first as EVP Projects and more recently as EVP Greenfield

Projects. He holds a degree in Mechanical Offshore Engineering from Heriot-Watt

University in Scotland.

Sandvik will replace Olav Henriksen, who will join Aker Energy, and take on the

position as SVP Field Development.

Karl Johnny Hersvik, CEO of Aker BP, says in a comment: "Knut will make a great

addition to the management team in Aker BP. His long and dedicated experience

from the industry will be invaluable to leading our projects in the years to

come. At the same time, I would like to thank Olav for his many years of steady

and knowledgeable contribution in key management positions in the company. I

wish him all the best for the coming years with Aker Energy."

The change will take place as from 1 July 2019.

Investor contact:

Kjetil Bakken, VP Investor Relations, tel.: +47 91 889 889

Media contact:

Tore Langballe, VP Communications, tel.: +47 907 77 841

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.

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