Aker BP ASA and DNO ASA have entered into agreements that strengthen Aker BP's
position in the Alvheim area and accelerate the development of the Kjøttkake
discovery. The agreements include an exchange of ownership interests across
several licences and the transfer of operatorship for Kjøttkake to Aker BP in
the development phase.

Under the agreements, Aker BP will assume operatorship of the Kjøttkake
discovery in the development phase, enabling the company to leverage its fast
-track development capabilities for efficient project execution. As part of the
agreements, Aker BP will divest its interest in the Verdande field to DNO. In
return, Aker BP will increase its stake in the producing Vilje field, expand its
position in the Kveikje discovery, and acquire additional interests in several
exploration licences.

The agreements enhance Aker BP's footprint in the Alvheim and Kjøttkake areas
and support integrated development opportunities, including potential tie-back
solutions to existing infrastructure. This reflects both companies' shared
commitment to maximising resource recovery and creating value through
collaboration.

Aker BP participating interests:

Licence            Name       Pre-deal  Acquired/sold  Post-deal
PL1182S            Kjøttkake  45%       0%             45% and operator
PL293B, PL293CS    Kveikje    10%       9%             19%
Verdande Unit      Verdande   3.5%      -3.5%          0%
PL036D             Vilje      46.904%   28.853%        75.757%
PL1175, PL1175B               50%       10%            60%
PL1171                        50%       16%            66%
PL1204, PL1204 BS             0%        20%            20%

The agreements are subject to customary regulatory approvals and partner
consents.

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

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.