Aker BP

Earnings Release • Oct 10, 2016

Oslo, 10 October 2016

Third quarter 2016 production

Aker BPASA(«AKERBP») produced 59.8 thousand barrels of oil equivalents per day («mboepd») in the third quarter 2016, excluding production from BP Norge AS. The third quarter 2016 profit and loss statement ("P&L") will be based on this production, as volumes from BP Norge AS only will be included in the P&L from October 1, 2016.

Production per field for Q3 2016 was (previous quarter in brackets):

Alvheim (incl. Boa), 65 % and operator:	41.0 mboepd (39.9 mboepd)
Bøyla, 65 % and operator:	6.2 mboepd (7.9 mboepd)
Volund, 65 % and operator:	4.2 mboepd (6.0 mboepd)
Vilje, 46.9 % and operator:	7.4 mboepd (7.6 mboepd)
Jette, 70 % and operator:	0.9 mboepd (0.5 mboepd)
Atla, 10 % partner:	0.1 mboepd (0.1 mboepd)
Varg, 5 % partner:	0.0 mboepd (0.2 mboepd)
Jotun Unit, 7 % partner:	0.1 mboepd (0.1 mboepd)
Total	59.8 mboepd (62.4 mboepd)

Production volumes are subject to final re-allocation.

Contacts:

Investor contact: Jonas Gamre, VP Investor Relations, tel.: +47 971 18 292 Media contact: Geir Bjørlo, Corporate Communications, tel.: +47 915 40 000

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, Skarv, Valhall, Hod, Ula and Tambar, in addition to the Ivar Aasen field development. 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.