Aker BP: Fourth quarter 2024 trading update

16 Jan 2025 07:00 CET

16 January 2025:

Aker BP (OSE: AKRBP) will publish its report for the fourth quarter of 2024 and
provide its annual strategy update on 12 February 2025. Today, the company
provides preliminary production and sales figures for the quarter and the full
year.

Quarterly production: The company's equity production for the quarter averaged
449.2 thousand barrels of oil equivalent per day (mboepd). Due to underlift, the
net volume sold during the quarter was 439.2 mboepd.

Annual production: For the full year 2024, equity production averaged 439
mboepd, close to the high end of the guided range of 430-440 mboepd.

Volume (mboepd) Q4-24 Q3-24 FY 2024
Net production 449.2 414.7 439.0
Overlift/(underlift) (10.1) (23.4) (9.0)
Net volume sold 439.2 391.3 430.0
Of which liquids 373.5 345.0 370.2
Of which natural gas 65.7 46.4 59.8
.
Realised prices (USD/boe) Q4-24 Q3-24 FY 2024
Liquids 74.1 80.3 80.1
Natural gas 79.0 63.5 62.9

The company will release its report for the fourth quarter of 2024 on Wednesday,
12 February 2025, at 06:00 CET. On the same day at 08:30 CET, the management
will present the results and provide its annual strategy update via a webcast,
available on www.akerbp.com/en. The presentation will be followed by an online
Q&A session.

Contacts:
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

636587_Release.pdf