Aker BP ASA (the "Company") announced today that it has launched an offering
(the "Offering") of five year and/or ten year U.S. Dollar-denominated Rule
144A/Regulation S senior unsecured notes (the "Notes"). The interest rate,
offering price and certain other terms will be determined at the time of pricing
of the Notes, subject to market conditions. The Company intends to use the net
proceeds of the Offering to redeem all the outstanding the $400,000,000 in
aggregate principal amount of the Company's 6% Senior Notes due 2022, issued
pursuant to an indenture dated July 5, 2017 and to pay related redemption
premia, repay outstanding amounts under the Company's revolving credit facility
(without reducing commitments) and for general corporate purposes.

For further information, please contact:
Kjetil Bakken, VP Investor Relations, tel.: +47 918 89 889
John Ole Hægeland, VP Corporate Finance, tel.: +47 906 06 169

Cautionary Statements

This press release is for information purposes only and does not constitute a
prospectus or any offer to sell or the solicitation of an offer to buy any
security in the United States of America or in any other jurisdiction. This
announcement is not for public release, publication or distribution, directly or
indirectly, in or into the United States (including its territories and
possessions, any state of the United States and the District of Columbia),
except to "qualified institutional buyers" ("QIBs") as defined in Rule 144A
under the U.S. Securities Act of 1933, as amended (the "Securities Act"). This
announcement does not constitute or form a part of any offer of, or solicitation
to purchase or subscribe for, any securities in the United States. Any such
securities have not been, and will not be, registered under the Securities Act.
Any such securities may not be offered or sold in the United States, except that
the securities may be offered for sale in the United States to QIBs in reliance
on the exemption from registration under Rule 144A. No public offering of
 securities will be made in the United States or in any other jurisdiction where
such an offering is restricted or prohibited.

This announcement is directed only at persons (i) outside the United Kingdom;
(ii) that have professional experience in matters relating to investments
falling within Article 19(5) of the Financial Services and Markets Act 2000
(Financial Promotion) Order 2005 (the "Order"); (iii) falling within Article
49(2)(a) to (d) ("high net worth companies, unincorporated associations etc.")
of the Order or (iv) to whom this announcement may otherwise be directed without
contravention of Section 21 of the Financial Services and Markets Act 2000 (all
such persons together being referred to as "relevant persons"). This
announcement must not be acted on or relied on by persons who are not relevant
persons. Any investment or investment activity to which this announcement
relates is available only to relevant persons and will be engaged in only with
relevant persons.

In member states of the European Economic Area ("EEA") or the United Kingdom,
this announcement is directed only at persons who are "qualified investors"
under Regulation (EU) 2017/1129, as amended.

MiFID II professionals/ECPs-only / No PRIIPs KID - Manufacturer target market
(MIFID II product governance) is eligible counterparties and professional
clients only (all distribution channels). No PRIIPs key information document
(KID) has been prepared as not available to retail in the EEA or the United
Kingdom.

This press release may include projections and other "forward-looking"
statements within the meaning of applicable securities laws. Any such
projections or statements reflect the current views of the Company about further
events and financial performance. No assurances can be given that such events or
performance will occur as projected and actual results may differ materially
from these projections.

Neither the content of the Company's website nor any website accessible by
hyperlinks on the Company's website is incorporated in, or forms part of, this
announcement. The distribution of this announcement into certain jurisdictions
may be restricted by law. Persons into whose possession this announcement comes
should inform themselves about and observe any such restrictions. Any failure to
comply with these restrictions may constitute a violation of the securities laws
of any such jurisdiction.

About Aker BP:
Aker BP is a fully-fledged E&P company with exploration, development and
production activities on the Norwegian Continental Shelf. Aker BP is the
operator of Alvheim, Ivar Aasen, Skarv, Valhall, Hod, Ula and Tambar. The
company is also a partner in the Johan Sverdrup field. Aker BP is headquartered
at Fornebu, Norway, and is listed on the Oslo Stock Exchange under the ticker
'AKERBP'. More about Aker BP at www.akerbp.com.

This information is subject to disclosure requirements pursuant to section 5-12
of the Norwegian Securities Trading Act.

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