Aker BP establishes next-generation MMO alliance with Aker Solutions

16 Feb 2026 08:00 CET

Aker BP has awarded Aker Solutions a long-term agreement for Maintenance,
Modification and Operation services (MMO) covering all Aker BP-operated assets
on the Norwegian continental shelf.

The five-year agreement, effective from 1 March 2026, includes options for two
additional four-year periods, ensuring a predictable and long-term collaboration
between the companies.

The next generation MMO alliance will be a key enabler for Aker BP's ambitions
to advance marginal field developments and modernise existing facilities. By
working in fully integrated teams across the value chain, the parties aim to
compress timelines, improve quality, and increase productivity.

These improvements will be driven by deeper organisational integration, expanded
use of data-driven and AI supported workflows, and a commercial model designed
to incentivise strong performance and continuous transformation.

"The Norwegian continental shelf needs a step change in productivity, and this
alliance delivers exactly that," says Karl Johnny Hersvik, CEO of Aker BP.

"By working in integrated teams from the start and rethinking how we work
through data-driven workflows and scaling the use of AI, we unlock efficiency
levels that were simply not possible before," Hersvik adds.

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 a leading exploration and production company focused on oil and gas
operations on the Norwegian continental shelf. The company operates the Alvheim,
Eiga (Edvard Grieg and 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.

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