Aker BP (OSE:AKRBP, OTCQX:AKRBF) has awarded Heerema Vlissingen a contract for
procurement and construction for the Munin jacket in the Yggdrasil area.

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"This is an important contract for the Yggdrasil development. With this award we
have placed all major fixed facilities contracts in the Yggdrasil area, and we
are in line with our execution plan," states Project Director Peter Kupka for
fixed facilities deliveries in Yggdrasil.

"Heerema Fabrication Group Vlissingen is an experienced international contractor
with a solid track record. I am very pleased that they will contribute to
Yggdrasil and look forward to starting the execution phase for the Munin
jacket," Kupka continues.

The jacket contract was signed on 23 May.

Delivery in 2025

Munin is an unmanned production platform in the northern part of the Yggdrasil
area in the North Sea. Aibel is delivering the topsides.

Aker Solutions will do the detailed engineering of the jacket. The jacket will
be fabricated at the Heerema yard in Vlissingen in the Netherlands. Jacket
procurement will start in the autumn, and construction is set to start in the
beginning of 2024.

The Munin jacket weighs 5.800 tonnes. The height is 130 meters, and it will be
installed in a water depth of 105 metres. Eight piles of 60 metres will be used
to secure the jacket to the seabed. Installation is planned in 2025, and Aker BP
has secured lifting capacity for all the installations in the Yggdrasil area.

"We have now secured the execution plan for the Munin jacket from start of
engineering to installation. Heerema will also be responsible for the
installation of the jacket performed under a separate contract between Aker BP
and Heerema Marine Contractors.? Well done to all involved," says Peter Kupka.

About Yggdrasil

Yggdrasil consists of the Hugin, Fulla and Munin licence groups, and the area is
located between Alvheim and Oseberg in the North Sea. The area contains a total
of around 650 million barrels of oil equivalent. Total investments are estimated
at NOK 115 billion in real 2022 terms.

In December 2022, Aker BP and licence partners Equinor and PGNiG Upstream Norway
AS (formerly LOTOS ) made a final investment decision to develop the Yggdrasil
area. Plans for development and operation (PDOs) were submitted to the Norwegian
Ministry of Petroleum and Energy.

Aker BP has entered agreements amounting to over NOK 50 billion with alliance
partners and suppliers. All agreements and contracts are conditional on the
Norwegian authorities approving the PDOs.

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.

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