Aker BP — Earnings Release 2017

Apr 12, 2017

AKERBP: First quarter 2017 production

Aker BP ASA («AKERBP») production was 145.3 thousand barrels of oil equivalents per day («mboepd») in the first quarter 2017. Production per field for Q1 2017 was (previous quarter in brackets):

Alvheim (incl. Boa), 65.00 % and operator	64.4 mboepd (53.7 mboepd)
Bøyla, 65.00 % and operator	4.5 mboepd (6.5 mboepd)
Hod, 37.50 % and operator	0.6 mboepd (0.6 mboepd)
Ivar Aasen, 34.78 % and operator	15.0 mboepd (0.8 mboepd)
Skarv, 23.84% and operator	31.6 mboepd (30.0 mboepd)
Tambar / Tambar East, 55.00 / 46.20 % and operator2.1 mboepd (2.1 mboepd)
Ula, 80.00 % and operator	6.2 mboepd (5.1 mboepd)
Valhall, 35.95 % and operator	14.8 mboepd (17.5 mboepd)
Vilje, 46.90 % and operator	5.6 mboepd (6.2 mboepd)
Volund, 65.00 % and operator	0.5 mboepd (3.5 mboepd)
Other	0.1 mboepd (0.6 mboepd)
Total	145.3 mboepd (126.5 mboepd)

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 Media contact: Ole-Johan Faret, Press Spokesman, tel.: +47 402 24 217

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.

This information is subject to disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.