Aker BP - Regulatory Filings 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 operator 2.1 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.

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