The Norwegian authorities are offering Aker BP ownership interest in 27
exploration licenses on the Norwegian continental shelf in the APA 2023
licensing round. For 17 of the licenses Aker BP is also granted operatorship.
The award consolidates our position as the most active independent exploration
company on the NCS.

"We are very pleased with the award that was announced today. It reflects our
comprehensive application and gives us a foundation for maintaining our
ambitious exploration strategy", says Per Øyvind Seljebotn, SVP Exploration and
Reservoir Development in Aker BP.

Aker BP is offered exploration acreage in all areas of the Norwegian continental
shelf, the North Sea, the Norwegian Sea and the Barents Sea.

"Our strategy is to have a portfolio of acreage that provides a good balance
between exploration wells close to existing infrastructure, and wells that can
lay the foundation for independent developments if we make discoveries. For some
of the exploration prospects, we are particularly targeting gas. It is more
important than ever that Norway produce gas to secure the energy supply to
Europe", says Seljebotn.

APA - Awards in Predefined Areas, is the annual licensing round that includes
mature areas of the Norwegian continental shelf. These are areas with known
geology and a relatively well-developed infrastructure with production
facilities and pipelines.

The award in TFO 2023 was announced by Minister of Energy Terje Aasland at the
Oil and Energy Policy Seminar in Sandefjord today. 24 companies were offered
ownership interest in a total of 62 licenses.

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 company engaged in exploration, field development and production of
oil and gas on the Norwegian continental shelf. The company operates the field
centres Alvheim, Edvard Grieg, Ivar Aasen, Skarv, Ula and Valhall, and is a
partner in the Johan Sverdrup field. Aker BP is headquartered at Fornebu,
Norway, and is listed on Oslo Børs under the ticker AKRBP. More about Aker BP at
www.akerbp.com.