Aker BP

Regulatory Filings • Feb 4, 2019

AKERBP: Discovery at Froskelår

AKERBP: Discovery at Froskelår

Aker BP is currently drilling exploration well 24/9-14 on the Froskelår Main

prospect. The well has encountered oil and gas. Preliminary analysis indicates a

gross discovery size within the previously communicated estimate of 45-153

million barrels oil equivalents.

Froskelår Main is located in the Alvheim area and follows the Frosk discovery

from last year. The major part of the discovery is in licence 869 on the

Norwegian Continental Shelf, while a part may straddle the UK-Norwegian border

in the North Sea.

The drilling operation will continue, and a comprehensive data collection

program will be performed to determine the size and quality of the discovery.

More information will be provided when this work has been completed.

Aker BP is the operator and holds 60 percent interest in licence 869. The

partners are Lundin Norway (20 percent) and Vår Energi (20 percent).

Contacts:

Investor contact: Kjetil Bakken, VP Investor Relations, tel.: +47 918 89 889

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.