Aker BP

Earnings Release • Oct 11, 2017

AKERBP: Third quarter 2017 production

AKERBP: Third quarter 2017 production

Aker BP ASA («AKERBP») produced 131.9 thousand barrels of oil equivalents per

day («mboepd») in the third quarter 2017. Production per field for Q3 2017 was

(previous quarter in brackets):

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

| Alvheim (incl. Boa), | 47.3 mboepd (61.8 mboepd) |

|65.00 % and operator: | |

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

| Bøyla, 65.00 % and | 4.3 mboepd (4.9 mboepd) |

|operator: | |

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

| Gina Krog, 3.300 % and | 1.5 mboepd (0.0 mboepd) |

|partner: | |

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

| Hod, 37.50 % and | 0.5 mboepd (0.6 mboepd) |

|operator: | |

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

| Ivar Aasen, 34.78 % and| 16.6 mboepd (17.3 mboepd) |

|operator: | |

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

| Skarv, 23.84% and | 24.5 mboepd (29.3 mboepd) |

|operator: | |

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

| Tambar / Tambar East, | 2.1 mboepd (2.6 mboepd) |

|55.00 / 46.20 % and | |

|operator: | |

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

| Ula, 80.00 % and | 6.5 mboepd (7.2 mboepd) |

|operator: | |

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

| Valhall, 35.95 % and | 11.1 mboepd (13.1 mboepd) |

|operator: | |

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

| Vilje, 46.90 % and | 5.1 mboepd (5.8 mboepd) |

|operator: | |

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

| Volund, 65.00 % and | 12.3 mboepd (0.0 mboepd) |

|operator: | |

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

| Other | 0.2 mboepd (0.1 mboepd) |

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

| Total | 131.9 mboepd (142.7 mboepd) |

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

Production volumes are subject to final re-allocation. Numbers may not add due

to rounding.

Contacts:

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

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, Ivar Aasen, Skarv, Valhall, Hod, Ula and Tambar. 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.