Aker BP

Capital/Financing Update • Jul 1, 2015

RBL redetermination and completion of RCF

RBL redetermination and completion of RCF

Det norske oljeselskap ASA ("DETNOR") at the end of June 2015 completed a semi

-annual redetermination process with its bank consortium under the company's USD

3.0 billion reserve-based lending («RBL») facility. The new borrowing base

availability under the facility has been increased to USD 2.9 billion, up from

USD 2.7 billion at the end of 2014.

The previously announced revolving credit facility ("RCF") has now been

completed with a consortium of banks. All these banks also participate in the

RBL facility. Following strong demand, the facility has been increased by USD 50

million to USD 550 million. Apart from the increase in the facility size, terms

are as presented in the company's Q1 2015 report.

Contacts:

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

Media contact: Rolf Jarle Brøske, SVP Communications, tel.: 47 911 12 475

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.