Aker BP

Regulatory Filings • Jun 18, 2018

Aker BP awarded six licenses in 24th licensing round

Aker BP awarded six licenses in 24th licensing round

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

which two as operator, in the 24th licensing round. All the new licenses are

located in the Barents Sea.

Gro Gunleiksrud Haatvedt, SVP Exploration of Aker BP comments:

"We are very pleased with today's awards in the 24th licensing round, which

further strengthen our presence and operator position in the Barents Sea. These

awards will provide more valuable exploration potential and supplement our

existing portfolio, and position the company for further growth in the region".

The 24th licensing round awards were announced by the Ministry of Petroleum and

Energy on Monday 18 June 2018. In total, 12 licenses were offered to a total of

11 companies. For more details on the awards, please see the attached files from

the Ministry of Petroleum and Energy.

Map 24th Round Barents

Sea (http://mb.cision.com/Public/1629/2551170/a5b9f2953cb1d4de.pdf)

Awards 24th

Round (http://mbpublicbinaryproxy/Public/1629/2551170/bb5f3ca8497519a9.pdf)

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.