Aker BP

Earnings Release • Jan 14, 2015

Fourth quarter 2014 production update

Fourth quarter 2014 production update

Det norske oljeselskap ASA («DETNOR») produced 62.6 thousand barrels of oil

equivalents per day («mboepd») in the fourth quarter 2014. Production per field

for Q4 2014 was (previous quarter in brackets):

+---------------------------------------------+-------------------------+

|Alvheim (incl. Boa), 65 percent and operator:|42.7 mboepd (37.8 mboepd)|

+---------------------------------------------+-------------------------+

|Volund, 65 percent and operator: |11.1 mboepd (10.8 mboepd)|

+---------------------------------------------+-------------------------+

|Vilje, 46.9 percent and operator: |7.1 mboepd (7.7 mboepd) |

+---------------------------------------------+-------------------------+

|Jette, 70 percent and operator: |0.7 mboepd (1.1 mboepd) |

+---------------------------------------------+-------------------------+

|Atla, 10 percent and partner: |0.5 mboepd (0.6 mboepd) |

+---------------------------------------------+-------------------------+

|Varg, 5 percent and partner: |0.4 mboepd (0.5 mboepd) |

+---------------------------------------------+-------------------------+

|Jotun Unit, 7 percent and partner: |0.1 mboepd (0.1 mboepd) |

+---------------------------------------------+-------------------------+

|Total |62.6 mboepd (58.6 mboepd)|

+---------------------------------------------+-------------------------+

Production volumes from non-operated fields are preliminary and subject to re

-allocation. Closing of the acquisition of Marathon Oil Norway («MONAS») was on

October 15, 2014. The fourth quarter 2014 accounts will thus incorporate MONAS

production (Alvheim, Volund and Vilje) from that date.

Contact:

VP Investor Relations, Jonas Gamre, tel.: +47 971 18 292

About Det norske:

Det norske is a fully-fledged E&P company with exploration, development and

production activities on the Norwegian Continental Shelf (NCS). We are building

one of Europe's largest independent E&P companies.

Det norske is the operator of the producing Alvheim field and for the Ivar Aasen

field development. In addition, the company is partner in the Johan Sverdrup

field. Det norske has an active exploration programme on the Norwegian shelf and

an ambitious strategy for growth.

Det norske's headquarters are located in Trondheim, with branch offices in

Stavanger, Oslo and Harstad. Det norske is listed on Oslo Børs with ticker

'DETNOR'. More about Det norske at www.detnor.no/en/.

This information is subject to disclosure requirements pursuant to section 5-12

of the Norwegian Securities Trading Act.