Aker BP

Aker BP third quarter 2023 trading update

Aker BP (OSE: AKRBP) (OTCQX: AKRBF; AKRBY) today announces its preliminary

production and sales figures for the third quarter 2023.

The company's equity production for the period was 449.8 thousand barrels of oil

equivalents per day (mboepd). The reduction from the previous quarter was caused

by maintenance activities at several fields. Net volume sold in the quarter was

450.0 mboepd.

Volume (mboepd) Q3-23 Q2-23 Q1-23 Q4-22 Q3-22

Net production 449.8 480.7 452.7 432.0 411.7

Overlift/(underlift) 0.3 (3.3) (3.1) (3.7) (5.0)

Net volume sold 450.0 477.4 449.6 428.3 406.7

Of which liquids 389.5 408.9 384.1 362.2 342.2

Of which natural gas 60.5 68.5 65.5 66.0 64.5

Realised prices Q3-23 Q2-23 Q1-23 Q4-22 Q3-22

Liquids (USD/boe) 87.6 76.8 78.4 86.6 101.1

Natural gas (USD/boe) 60.5 63.9 98.7 150.4 280.9

The company will release its third quarter 2023 report on Friday 27 October 2023

at 06:00 CEST. At 08:30 CEST the same day, the management will present the

results on a webcast available on www.akerbp.com/en. The presentation will be

followed by an online Q&A session.

Contacts:

Carl Christian Bachke, IR Officer, tel.: +47 909 80 848

Kjetil Bakken, Head of IR, tel.: +47 918 89 889

Martin Seland Simensen, IR Officer, tel.: +47 416 92 087

About Aker BP:

Aker BP is a company engaged in exploration, field development and production of

oil and gas on the Norwegian continental shelf. The company operates the field

centres Alvheim, Edvard Grieg, Ivar Aasen, Skarv, Ula and Valhall, and is a

partner in the Johan Sverdrup field. Aker BP is headquartered at Fornebu,

Norway, and is listed on Oslo Børs under the ticker AKRBP. 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 and requirements under the EU Market

Abuse Regulation.

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