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Aker BP M&A Activity 2010

Aug 17, 2010

M&A Activity

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Det norske oljeselskap ASA has sold 20 percent in PL 440S (Clapton) to

Faroe Petroleum. As compensation, Faroe will cover Det norske's

exploration expences related to the next exploration well in the

license. Det norske has offered to resign as operator in the license.

Contacts:

Torgeir Anda, VP Communication, tel.: +47 991 12 203

Knut Evensen, VP Investor Relations, tel.: +47 950 77 622