Aker BP — Earnings Release 2009

Feb 19, 2010

DETNORSKE

Trondheim, 2010-02-19

Financial Result of Q4 2009

Continued growth

Det norske oljeselskap ASA (DETNOR) is a stronger company after the merger with Aker Exploration. The company has consolidated its position as the second-biggest player on the Norwegian continental shelf in terms of exploration activities and the number of operatorships. The company's financial position is strong.

Det norske oljeselskap ASA and Aker Exploration ASA were merged in the fourth quarter of 2009, with effect from 22 December. The merger resulted in a company with 67 licenses, of which 34 operatorships, 7 discoveries and interests in 4 producing fields. The area for Det norske's exploration activities was extended through the award of six operatorships and shares in ten licences in connection with the licence awards in predefined areas (APA) 2009. At the same time, the company has sufficient rig capacity to implement its exploration programme.

Please find, press release, presentation and Q4 report attached.

Contacts:

Chief Financial Officer Finn Øistein Nordam: +47 98 28 93 82

Vice President Investor Relations Knut Evensen: +47 950 77 622

About Det norske:

Det norske oljeselskap ASA has interests in a total of 77 licenses, with 40 operatorships.

Det norske is the second-largest operating company on the Norwegian Continental Shelf both considering number of operatotships and exploration activity. I 2009 the company operated nine exploration wells, and the high activity will continue in 2010. Det norske runs its activities in a safe and responsible manner in close cooperation with the authorities.

Det norske currently employs a staff of 180. The company's registered office is located in Trondheim. The company also has offices in Oslo, Harstad, and Stavanger. Det norske is listed on the Oslo Stock Exchange (DETNOR).