Aker BP awarded 17 licenses in APA 2022

10 Jan 2023 14:02 CET

Aker BP has been offered interests in 17 new production licenses offshore
Norway, of which nine as operator, through the Awards in pre-defined areas (APA
2022) licensing round.

Of the 17 production licenses awarded to Aker BP, 13 are located in the North
Sea (six as operator) and four in the Norwegian Sea (three as operator).

"We are very pleased with these awards. The awards contain several interesting
growth or new play opportunities with the potential to deliver new discoveries
and development projects to Aker BP. The awards also support our ambitious
exploration strategy and our strategic priority to establish the next wave of
profitable growth options", says Per Øyvind Seljebotn, Senior Vice President
Exploration and Reservoir in Aker BP.

"The annual APA awards are very important to Aker BP in order to maintain a high
exploration activity in mature areas on the Norwegian shelf. These awards
strengthen Aker BP's position on the NCS and is a basis for continued
exploration activity and value creation both in core areas and new grow
opportunities", says Seljebotn.

The APA 2022 awards were announced by the Ministry of Petroleum and Energy on
Tuesday 10 January 2023. In total, 47 licenses were offered to a total of 25
companies.

For more details on the awards, please see the announcement from the Ministry of
Petroleum and Energy at http://oed.dep.no.

Contacts:
Ole-Johan Faret, Press Spokesperson, tel.: +47 402 24 217
Kjetil Bakken, Head of Investor Relations, tel.: +47 918 89 889

About Aker BP:
Aker BP is an independent E&P company with exploration, development and
production activities on the Norwegian Continental Shelf. Aker BP is the
operator of Alvheim, Edvard Grieg, 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 'AKRBP'. More about Aker BP at www.akerbp.com.

More information:
Access the news on Oslo Bors NewsWeb site

579922_Release.pdf