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Aker BP Earnings Release 2017

Oct 11, 2017

3528_rns_2017-10-11_68631279-9677-4751-8027-2f22797f19dd.pdf

Earnings Release

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AKERBP: Third quarter 2017 production

Aker BPASA(«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), 65.00 % and operator: 47.3 mboepd (61.8 mboepd)
Bøyla, 65.00 % and operator: 4.3 mboepd (4.9 mboepd)
Gina Krog, 3.300 % and partner: 1.5 mboepd (0.0 mboepd)
Hod, 37.50 % and operator: 0.5 mboepd (0.6 mboepd)
Ivar Aasen, 34.78 % and operator: 16.6 mboepd (17.3 mboepd)
Skarv, 23.84% and operator: 24.5 mboepd (29.3 mboepd)
Tambar / Tambar East, 55.00 / 46.20 % and operator: 2.1 mboepd (2.6 mboepd)
Ula, 80.00 % and operator: 6.5 mboepd (7.2 mboepd)
Valhall, 35.95 % and operator: 11.1 mboepd (13.1 mboepd)
Vilje, 46.90 % and operator: 5.1 mboepd (5.8 mboepd)
Volund, 65.00 % and operator: 12.3 mboepd (0.0 mboepd)
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.