Aker BP

Earnings Release • Apr 11, 2016

Trondheim, 11 April 2016

First quarter 2016 production

Det norske oljeselskap ASA («DETNOR») produced 60.6 thousand barrels of oil equivalents per day («mboepd») in the first quarter 2016. Production per field for Q1 2016 was (previous quarter in brackets):

Alvheim (incl. Boa), 65 % and operator:	38.4 mboepd (30.9 mboepd)
Bøyla, 65 % and operator:	9.1 mboepd (8.8 mboepd)
Volund, 65 % and operator:	6.4 mboepd (7.3 mboepd)
Vilje, 46.9 % and operator:	5.2 mboepd (5.7 mboepd)
Jette, 70 % and operator:	0.6 mboepd (0.5 mboepd)
Atla, 10 % partner:	0.3 mboepd (0.3 mboepd)
Varg, 5 % partner:	0.5 mboepd (0.3 mboepd)
Jotun Unit, 7 % partner:	0.1 mboepd (0.1 mboepd)
Total	60.6 mboepd (54.0 mboepd)

Production volumes are subject to final re-allocation.

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.