Aker BP

Earnings Release • Jan 14, 2019

AKERBP: Fourth quarter 2018 production

AKERBP: Fourth quarter 2018 production

Aker BP produced 155.7 thousand barrels of oil equivalents per day (mboepd) in

the fourth quarter 2018. For the full year, the average production was also

155.7 mboepd.

The production per field is specified below.

Field Interest Operator Q1-18 Q2-18 Q3-18 Q4-18

Alvheim 65% Aker BP 40.5 40.1 38.9 43.4

Bøyla 65% Aker BP 3.2 3.3 3.1 2.0

Gina Krog 3.3% Equinor 1.5 1.8 1.3 2.3

Hod 90% Aker BP 1.0 1.1 0.9 0.8

Ivar Aasen 34.8% Aker BP 24.4 23.7 22.7 23.3

Skarv 23.4% Aker BP 27.1 27.6 23.3 23.5

Tambar 55% Aker BP 1.6 5.4 4.0 2.6

Ula 80% Aker BP 6.5 5.4 6.5 5.8

Valhall 90% Aker BP 33.5 32.7 35.1 38,8

Vilje 46.9% Aker BP 5.1 4.1 3.7 3.3

Volund 65% Aker BP 14.1 12.6 11.0 9.7

Other 0.1 0.1 0.1 0.3

Total 158.6 157.8 150.6 155.7

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

to rounding.

Contact:

Kjetil Bakken, VP Investor Relations, tel.: +47 91 889 889

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.