Extended strike could close the Johan Sverdrup field

There is an ongoing strike on the Norwegian continental shelf, and the union Lederne has taken out 43 members at the Johan Sverdrup field, where Aker BP is a partner with 11.6 percent working interest. So far, production from the Johan Sverdrup field has not been affected by the strike.

Equinor, the operator of Johan Sverdrup, has today announced that this situation would change if the strike continues into 14 October. This is due to the scheduled rotation of personnel as there would not be sufficient capacity and competence in key operational functions at Johan Sverdrup.

Aker BP hopes that in the intervening period a solution may be found to avoid this outcome. 

None of Aker BP's other producing fields have been affected by the ongoing strike.

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

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.