Aker BP: Third quarter 2024 trading update

14 Oct 2024 07:00 CEST

Aker BP (OSE: AKRBP) will publish its report for the third quarter of 2024 on
Wednesday, 30 October 2024. Today, the company provides preliminary production
and sales figures for the quarter.

Production and sales
The company's equity production for the quarter averaged 414.7 thousand barrels
of oil equivalent per day (mboepd). This represents a decrease compared to the
previous quarter, primarily due to planned maintenance activities at several
fields, which were executed as scheduled. The net volume sold was 391.3 mboepd,
due to an underlift in the quarter.

Volume (mboepd)  Q3-24  Q2-24
Net production  414.7  444.1
Overlift/(underlift)  (23.4)  16.7
Net volume sold  391.3  460.9
Of which liquids  345.0  398.2
Of which natural gas  46.4  62.7
-
Realised prices (USD/boe)  Q3-24  Q2-24
Liquids  80.3  83.1
Natural gas  63.5  57.2

Reporting date
The company will release its full report for the third quarter of 2024 on
Wednesday, 30 October 2024, at 06:00 CET. On the same day, at 08:30 CET, the
management will present the results via a webcast, which will be available on
www.akerbp.com/en. The presentation will be followed by an online Q&A session.

Contact:
Kjetil Bakken, Head of IR, tel.: +47 918 89 889
Carl Christian Bachke, IR Officer, tel.: +47 909 80 848
Martin Seland Simensen, IR Officer, tel.: +47 416 92 087

About Aker BP:
Aker BP is a leading exploration and production company focused on oil and gas
operations on the Norwegian continental shelf. The company operates the Alvheim,
Edvard Grieg, Ivar Aasen, Skarv, Ula, and Valhall field centres and is a key
partner in the Johan Sverdrup field. Headquartered in Fornebu, Norway, Aker BP
is listed on the Oslo Børs under the ticker AKRBP. For more information, visit
www.akerbp.com/en.

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.

More information:
Access the news on Oslo Bors NewsWeb site

629498_Release.pdf