Aker BP ASA and its partners have completed the redetermination process for the
Johan Sverdrup Unit. Following the redetermination, Aker BP's ownership interest
will be 31.7163 percent, compared with 31.5733 percent previously.
The redetermination process was initiated in January 2025 and conducted in
accordance with the unit agreement. It included an expert determination,
resulting in revised ownership interests based on updated technical and
production data.
As part of the redetermination, historic investments and production volumes will
be reallocated among the partners in line with the revised ownership interests.
For Aker BP, the redetermination will have the following effects:
· The revised ownership interest will be reflected in Aker BP's accounts from
the third quarter of 2026.
· Aker BP will receive an additional 2.2 million barrels of oil equivalent
over the next two years, reflecting the reallocation of historic production
volumes.
· Aker BP will pay approximately NOK 300 million before tax, reflecting the
reallocation of historic investments.
The redetermination does not affect ongoing operations at the Johan Sverdrup
field, which continues to deliver strong performance. Johan Sverdrup is operated
by Equinor and is one of the largest producing oil fields on the Norwegian
continental shelf.
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,
Eiga (Edvard Grieg and 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.
This information is subject to disclosure requirements pursuant to section 5-12
of the Norwegian Securities Trading Act and the EU Market Abuse Regulation.
n Securities Trading Act and the EU Market Abuse Regulation.\