Aker BP (AKRBP)

TekBot · oktober 5, 2019, 3:52pm

Johan Sverdrup er i produksjon

Aker BP meddeler at produksjonen fra Johan Sverdrup-feltet i Nordsjøen har
startet, mer enn to måneder foran opprinnelig plan og 40 milliarder kroner under
opprinnelig budsjett.
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Dette er en milepæl for Aker BP. Produksjonen fra dette enorme oljefeltet vil
være en viktig bidragsyter til Aker BPs produksjons- og inntjeningsvekst i årene
som kommer, sier Karl Johnny Hersvik, administrerende direktør i Aker BP.

Vi er særdeles fornøyd med arbeidet som operatøren har gjennomført på vegne av
partnerskapet i utviklingen av feltet. Johan Sverdrup representerer enorm
verdiskaping for Aker BP og de andre partnerne, så vel som for det norske
samfunnet, sier Hersvik.

Johan Sverdrup har utvinnbare reserver på 2,7 milliarder fat oljeekvivalenter og
vil på det meste produsere opptil 660 000 fat olje per dag. Feltet drives med
strøm fra land og har rekordlave CO2-utslipp; godt under 1 kg per fat.
Balanseprisen er under 20 dollar per fat, og feltet vil på platå ha
produksjonskostnader under 2 dollar per fat.

Johan Sverdrup-feltet utvikles i to faser. Fase II av Johan Sverdrup-utbyggingen
ble godkjent av norske myndigheter i mai 2019, og har en forventet
produksjonsstart i 4. kvartal 2022.

Johan Sverdrup-partnerskapet består av operatøren Equinor, og partnerne Lundin
Norge, Petoro, Aker BP og Total. Aker BPs eierandel i feltet er på 11,57
prosent.

Kontakt:
Investorkontakt: Lars Mattis Hanssen, Senior IR Professional, tlf: +47 994
59 460
Mediekontakt: Tore Langballe, VP Communications, tlf: +47 907 77 841

Om Aker BP:
Aker BP er et fullverdig oljeselskap som driver leting, utbygging og produksjon
på norsk kontinentalsokkel. Aker BP er operatør på Alvheim, Ivar Aasen, Skarv,
Valhall, Hod, Ula og Tambar. Selskapet er også partner i Johan Sverdrup-feltet.
Aker BP har hovedkontor på Fornebu og er notert på Oslo Børs under tickerkoden
AKERBP. Mer om Aker BP på www.akerbp.com.
Opplysningene i denne meldingen er informasjonspliktig etter
verdipapirhandelloven § 5-12.

Kilde

Krieghoff · oktober 5, 2019, 4:10pm

Swayne · oktober 6, 2019, 6:36pm

Helt nydelig, det kan umulig være «priset inn» vel!??

Krieghoff · oktober 5, 2019, 4:12pm

Om det er priset inn eller ei skal jeg være forsiktig med å si noe om, men at de som følger oljebranbransjen tett vist at dette var nært forestående Uansett en bekreftelse på at man leverer varene!

TekBot · oktober 9, 2019, 9:46am

SALE OF OWN SHARES

TekBot · oktober 11, 2019, 8:01am

Invitation to presentation of financial results for Q3 2019

Aker BP ASA will publish its financial results for the third quarter 2019 on
Tuesday 22 October 2019 at 07:00 (CEST).

…

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A presentation will take place at Akerkvartalet, Oksenøyveien 10 (building B),
Lysaker, Norway at 08:30 (CEST). Please submit your registration to
[email protected] by 21 October 2019 at 12:00 (CEST).

Webcast and conference call details:

A live webcast of the interim results will be available on our website
www.akerbp.com/en.

To access the conference call, please contact the conference call operator at
the telephone numbers listed below. Please call in 5 minutes prior to the
scheduled start time and provide the confirmation code (2216652) or ask for the
Aker BP Third Quarter 2019 Presentation.

Location Phone Number
Norway +47 2100 2610
United Kingdom +44 (0)330 336 9125

Investor contact:
Kjetil Bakken, VP Investor Relations, tel.: +47 91 889 889

Media contact:
Tore Langballe, VP Communications, tel.: +47 907 77 841
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.

Kilde

TekBot · oktober 14, 2019, 7:42am

AKERBP: Update on third quarter 2019 financial results

Aker BP will publish its financial report for the third quarter 2019 on Tuesday
22 October 2019. The company issues this statement to summarise its production
and sales volumes and certain accounting-related topics for the quarter.
…

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Oil and gas production and sales
Aker BP’s net production in the third quarter 2019 was 146.1 thousand barrels of
oil equivalents per day (“mboepd”). The production volumes were below plan
mainly due to delayed stimulation and consequently start of production from new
wells at Valhall following the planned maintenance shutdown in June. The delay
has no impact on reserves. The start-up of new wells at Valhall, and the ramp-up
of the Johan Sverdrup field which started production in early October, are
expected to contribute to significant production growth over the coming
quarters.

Net sold volumes, which are the basis for revenue recognition in the financial
statement, were 143.3 mboepd, reflecting 2.9 mboepd in underlift. Production
volumes per field are specified below. The volumes are subject to final re
-allocation.

Asset Q3-19 Q2-19 Q3-18
Alvheim area 51.4 53.1 56.7
Ivar Aasen 22.5 19.1 22.7
Skarv 21.7 22.7 23.3
Ula area 8.6 6.2 10.5
Valhall area 40.3 24.5 36.0
Other 1.7 1.7 1.4
Net production 146.1 127.3 150.6
Over/(underlift) (2.9) 13.4 (2.3)
Net sold volume 143.3 140.7 148.3
Of which liquids 113.4 112.8 117.6
Of which natural gas 29.8 27.9 30.7

Operating expenses
As described in the second quarter 2019 report, the company in June discovered a
failure in the tether frame connections on one of the Mid Water Assemblies
(“MWA”) at Alvheim. In the third quarter, costs related to repairs amounted to
approximately USD 14 million net to Aker BP. These costs will be recorded as
production costs in the third quarter, with any related insurance recoveries to
be recognised in future periods.

Impairment of technical goodwill
The company expects to make an impairment charge in the third quarter 2019 of
approximately USD 80 million related to technical goodwill. There is no deferred
tax associated with technical goodwill, hence this charge will not be tax
deductible.

Tax
The effective tax rate for the third quarter is expected to be impacted by
impairment of technical goodwill and an increase in deferred tax primarily
driven by currency movements (stronger USD versus NOK). As a result, the
effective tax rate is expected to be well above 100 percent for the quarter. The
tax payments during the quarter were USD 106 million, in line with previous
guidance.

Disclaimer
The information in this statement is based on a preliminary assessment of the
company’s third quarter 2019 financial results. The company has not completed
its financial reporting and related review and control procedures. The estimates
provided may therefore be subject to change and the financial statements finally
approved and released by the company may deviate materially from the information
herein.

Contact:
Kjetil Bakken, VP Investor Relations, tel.: +47 918 89 889

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.

Kilde

TekBot · oktober 22, 2019, 5:01am

Third quarter 2019 results

Aker BP delivered strong operational performance and exploration success during
the third quarter. The company’s field developments progressed as planned,
paving the way for a significant increase in production in the coming months.
…

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Johan Sverdrup was brought on stream early October, and Valhall Flank West
remains on track for first oil later this year. The company paid a dividend of
USD 187.5 million (USD 0.52 per share) in the quarter.

Aker BP reported total income of USD 723 (785) million and operating profit of
USD 196 (354) million for the third quarter 2019. Net loss was USD 43 million,
compared to a net profit of USD 62 million in the previous quarter.

The company’s net production in the third quarter was 146.1 (127.3) thousand
barrels of oil equivalents per day (“mboepd”). Net sold volume was 143.3 (140.7)
mboepd. The production volumes were below plan mainly due to delays in the
stimulation program at Valhall following the planned maintenance shutdown in
June. Average realized liquids price was USD 62.0 (69.3) per barrel, while the
realized price for natural gas averaged USD 0.16 (0.16) per standard cubic metre
(“scm”).

Production costs for the oil and gas sold in the quarter amounted to USD 167
(198) million. Production cost per produced unit in the quarter amounted to USD
13.2 (15.4) per boe, negatively impacted by the costs of approximately USD 14
million related to an incident with the Mid Water Arch (MWA) at Alvheim. Any
related insurance recoveries will be recognized in future periods.

Exploration expenses amounted to USD 70 (60) million. Total cash spend on
exploration was USD 144 (119) million. The company completed six exploration
wells in the quarter, of which the Liatårnet and Ørn wells were classified as
discoveries. The Shrek well was completed and classified as a discovery after
the end of the quarter.

Depreciation amounted to USD 206 (168) million, equivalent to USD 15.3 (14.5)
per produced boe. Impairments amounted to USD 78 (0) million related to
technical goodwill on Ula/Tambar, mainly triggered by decreased near-term oil
and gas prices and updated cost and production profiles.

Profit before taxes amounted to USD 143 (268) million. Tax expense was USD 186
(206) million, representing an effective tax rate of 130 (77) percent. The tax
rate was negatively impacted by impairment of technical goodwill with no tax
impact, and an increase in deferred tax primarily driven by currency movements.
Overall, the company reported a net loss of USD 43 million for the quarter.

Investments in fixed assets amounted to USD 435 (414) million in the third
quarter. All field development projects, including Johan Sverdrup, Valhall Flank
West and Ærfugl progressed according to plan. Abandonment expenditures in the
quarter were USD 35 (40) million.

Net interest-bearing debt was USD 3.3 (2.9) billion at the end of the quarter,
including USD 0.3 billion in lease debt. Total available liquidity at the end of
the quarter was USD 2.9 (3.3) billion.

In August, the company paid a quarterly dividend of USD 0.5207 (NOK 4.44) per
share. The Board has resolved to pay a quarterly dividend of USD 187.5 million
(USD 0.5207 per share) in November 2019, implying total annual dividends of USD
750 million.

Presentation, webcast and conference call details:

The full report and presentation are attached and can also be found on
www.akerbp.com.

AkerBP-2019Q3
-Report.pdf (https://mb.cision.com/Public/1629/2937655/98b1cc5da67b0c23.pdf)

AkerBP-2019Q3
-Presentation.pdf (https://mb.cision.com/Public/1629/2937655/8dc409fa414c280a.pdf
)

A live webcast will be available on our website from 08:30 (CEST).

To access the conference call, please contact the conference call operator at
the telephone numbers listed below. Please call in 5 minutes prior to the
scheduled start time and provide the confirmation code 22 166 52 or ask for the
Aker BP Third Quarter 2019 Presentation.

Location Phone Number
Norway +47 2100 2610
United Kingdom +44 (0) 330 336 9125

Investor contact:
Kjetil Bakken, VP Investor Relations, tel.: +47 91 889 889

Lars Mattis Hanssen, Senior IR Professional, tel.: +47 99 459 460

Media contact:
Tore Langballe, VP Communications, tel.: +47 907 77 841

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.

Kilde

TekBot · oktober 22, 2019, 5:01am

Key information relating to the cash dividend to be paid by Aker BP ASA

Dividend amount: USD 0.5207 per share (NOK 4.73642 per share)

Declared currency: USD
…

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Last day of trading including right: 30 October 2019

Ex-date: 31 October 2019

Record date: 1 November 2019

Payment date: 8 November 2019

Date of approval: 21 October 2019

As per the updated loan agreement in the DETNOR02 bond loan (ISIN: NO
001068414.5), clause 12.4, bondholders have an option to put bonds at 107% of
the dividend distribution amount. A distribution event notice will be sent to
bondholders on the dividend payment date.

Contacts:
Investor contact: Kjetil Bakken, VP Investor Relations, tel.: +47 918 89 889

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.

Kilde

TekBot · oktober 31, 2019, 7:54am

Ex utbytte USD 0,5207 i dag

TekBot · november 8, 2019, 11:15am

DETNOR02: Distribution event notice

To the bondholders in the Det norske oljeselskap ASA 13/20 FRN (ISIN NO 001068414.5) (the “Bond Issue”) issued by Aker BP ASA (the “Issuer”) pursuant to the bond agreement originally dated 1 July 2013 and as amended and restated from time to time (the “Bond Agreement”).

All capitalized terms used herein shall have the meaning assigned to them in the Bond Agreement.
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On 8 November 2019 (the “Distribution Event Date”), the Issuer made a distribution to its shareholders in the aggregate amount of NOK 1,705,648,826. This notice constitutes a Distribution Event Notice as defined in the loan agreement.

The maximum aggregated number of Bonds to be repurchased by the Issuer is equal to 1,705,648,826 divided by the Face Value, being 1,705,648,826 (the “Distribution Put Bonds”).

As a consequence of this dividend payment, each Bondholder may require the Issuer to acquire Bonds at a price of 107% of par plus accrued interest, up to its pro rata share of 1,705,648,826 based on the proportion that such Bondholder’s holding of Bonds as of the Distribution Event Date (less Bonds owned directly by the Issuer) bear to the Distribution Put Bonds. The Issuer holds NOK 7,690,568 nominal worth of DETNOR02.

The Leverage Ratio as shown in the latest Compliance Certificate is 1.18x.

The Distribution Put Option must be exercised by each Bondholder within 22 November 2019. Detailed information on how to exercise the Distribution Put Option, including each Bondholder’s pro rata proportion of the Distribution Put Bonds, will promptly be forwarded to all Bondholders as registered in the Securities Depository (VPS) through the systems of VPS (the “VPS Notice”).

Bondholders (as registered directly in VPS) who do not receive a VPS Notice may contact the Bond Trustee at [email protected] to receive a copy of its VPS Notice.

Kilde

TekBot · november 11, 2019, 7:00am

Full speed ahead for Ærfugl Phase 2

The Ærfugl partners have decided to proceed with Phase 2 of the Ærfugl project
in the Norwegian Sea, three years ahead of the original plan. The Ærfugl field,
which produces via Skarv FPSO, is one of the most profitable development
…

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projects on the Norwegian shelf with a break-even price of around USD 15 per
barrel (converted from gas).

Operator Aker BP and partners Equinor, Wintershall DEA and PGNiG approved the
final investment decision (DG3) for Ærfugl Phase 2 in early November. The goal
is to start production from the first Phase 2 well as early as in first half of
2020. This means that production start-up for phase 2 will come before the start
-up of Ærfugl phase 1.

“Acceleration of Ærfugl Phase 2 means earlier production and increased value
creation from the field. This is good news for the Ærfugl joint venture, the
supplier industry and the Norwegian society in the form of increased revenues”,
says Kjetel Digre, SVP Operations & Asset Development in Aker BP.

Accelerated production

The Ærfugl development is a major subsea project in two phases. Both phases are
tied into the existing production vessel (FPSO) on the Skarv field, which is
located approx. 210 km west of Sandnessjøen.

The Plan for Development and Operation (PDO) for both phases of the Ærfugl
development was submitted to the Ministry of Petroleum and Energy in December
2017.

Phase 1, which develops the southern part of the Ærfugl field, consists of three
new wells. Phase 2 consists of an additional three wells in the northern part of
the field. The original plan for start-up of Phase 2 was 2023, due to capacity
restrictions for processing gas on the Skarv FPSO.

“In parallel with development of Ærfugl Phase 1, work has been proceeding to
increase gas processing capacity on Skarv. Modification of the plant will
contribute to an increased capacity by more than 15%,” says VP Operations Skarv,
Ine Dolve.

“We have as well optimized the phase 2 scope and will use existing
infrastructure on Skarv for the first “phase 2 well”. Overall, this means that
we are now ready to proceed with developing Phase 2,” she says and adds that
production from Ærfugl will help extend the lifetime of Skarv FPSO.

Great deliveries from the Alliances

Reorganizing the value chain through strategic partnerships and alliances is an
important part of Aker BP’s strategy. The alliances in subsea installation,
modifications and drilling & wells have contributed to the Ærfugl project.

“The Subsea alliance between Aker BP, Subsea 7 and Aker Solutions has
demonstrated substantial improvements and increased value creation over several
years. Now we see excellent deliveries from the alliances for the Ærfugl
development. This fall, the Phase 1 production system, including three large
subsea structures, was installed. The work has been done according to plan,
without serious incidents. We are well-positioned to start production for phase
1 in the fourth quarter of 2020,” says Bård Atle Hovd, project director for
Skarv.

“Being able to accelerate the development and production start-up of phase 2 is
another manifestation of how these partnerships enable us to increase the value
creation and to deliver in line with our ambitious improvement agenda,” Hovd
adds.

The Ærfugl project is as well characterized by development of new technology, in
line with Aker BP’s ambition to be a technology leader in the industry. The
vertical valve trees and electrically heated pipelines used for the Ærfugl
development are the first of their kind in the world.

Good profitability

The Ærfugl reservoir is mainly a gas reservoir that extends over 60 km and is 2
-3 km wide. The project holds a total of around 300 million barrels of oil
equivalent.

Total investment costs for the Ærfugl project are around NOK 8 billion.

The total ‘life of field’ project has a break-even-price of around USD 15 per
barrel (converted from gas). This makes the field development one of the most
profitable being implemented on the Norwegian shelf.

The Ærfugl project has brought significant local ripple effects, and the Phase 2
project will bring additional opportunities for assignments for local suppliers
in the Helgeland region.

Contacts:
Investor contact: Kjetil Bakken, VP Investor Relations, tel.: +47 918 89 889
Media contact: 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.

Kilde

TekBot · november 11, 2019, 8:59am

S&P Global Ratings upgrades Aker BP to BBB- with stable outlook

TekBot · november 26, 2019, 3:03pm

DETNOR02: Distribution Put Option Expired

TekBot · desember 30, 2019, 12:38pm

Renteregulering

TekBot · januar 3, 2020, 4:43pm

Aker BP ASA announces that a series of investment grade fixed income investor calls will be arranged

Aker BP ASA (the “Company”) announced today that a series of investment grade
fixed income investor calls will be arranged. A five year and/or ten year U.S.
Dollar-denominated Rule 144A/Regulation S senior unsecured notes offering may
…

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follow, subject to market conditions.

For further information, please contact:

Ole-Johan Faret, Press Spokesman, tel.: +47 402 24 217

John Ole Hægeland, VP Corporate Finance, tel.: +47 906 06 169

Lars Mattis Hanssen, Senior IR Professional, tel.: +47 994 59 460

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”), 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 EEA.

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.

Kilde

Krieghoff · januar 3, 2020, 5:09pm

Det har versert rykter om felt transaksjoner på norsk sokkel. Spørs om vi ikke får litt mer info ganske så snart tatt i betraktning denne meldingen fra AkerBp

TekBot · januar 8, 2020, 1:26pm

AKER BP ASA ANNOUNCES LAUNCH OF OFFERING OF FIVE YEAR AND/ OR TEN YEAR U.S. DOLLAR-DENOMINATED SENIOR NOTES

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,
…

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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 partially repay outstanding amounts under the
Company’s revolving credit facility (without reducing commitments), for general
corporate purposes, and to pay the initial purchasers’ discount and fees and
expenses related to the Offering.

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”), 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 EEA.

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.

Kilde

TekBot · januar 8, 2020, 10:13pm

Aker BP ASA announces pricing of Senior Notes Offering

Aker BP ASA (the “Company”) is pleased to announce that it has priced its
offering (the “Offering”) of $500 million aggregate principal amount of 3%
Senior Notes due 2025 (the “2025 Notes”) at a price equal to 99.696% of the
…

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aggregate principal amount thereof and $1 billion aggregate principal amount of
its 3¾% Senior Notes due 2030 (the “2030 Notes”) at a price equal to 99.802% of
the aggregate principal amount thereof (the 2025 Notes and 2030 Notes together,
the “Notes”). Interest will be payable semi-annually. The Offering is expected
to close on or about January 15, 2020, subject to customary conditions precedent
for similar transactions. In connection with the Offering, the initial
purchasers may engage in stabilizing transactions with a view to supporting the
market price of the Notes at a level higher than that which might otherwise
prevail. Any stabilization action must be conducted in accordance with all
applicable laws and rules.

The Company intends to use the gross proceeds of the Offering to partially repay
outstanding amounts under the Company’s revolving credit facility (without
reducing commitments), for general corporate purposes, and to pay the initial
purchasers’ discount and fees and expenses related to the Offering.

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”), 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 EEA.

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.

Kilde

TekBot · januar 14, 2020, 1:07pm

Aker BP tildelt 15 lisenser i TFO 2019

Aker BP er tildelt andeler i 15 nye utvinningstillatelser (lisenser), hvorav
9 som operatør ved tildelingen i forhåndsdefinerte områder (TFO 2019).

…

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Vi er tilfreds med denne tildelingsrunden. Vi ser flere interessante
vekstmuligheter i lisensene som Aker BP har fått tildelt i dag, sier
letedirektør Evy Glørstad.

Tildelingene styrker Aker BPs posisjon i våre kjerneområder. Dette gir oss et
godt grunnlag for å videreføre vår aktive letestrategi, sier Glørstad.

Av de 15 utvinningstillatelsene tildelt Aker BP er 11 i Nordsjøen (7 som
operatør), 3 i Norskehavet (1 som operatør) og 1 i Barentshavet (som operatør).

Tildelingene i TFO 2019-runden ble annonsert av Olje- og energidepartementet
tirsdag 14. januar 2020. Totalt ble 69 lisenser tildelt til 28 selskap.

Se Olje- og energidepartementets nettsted for mer
informasjon. http://oed.dep.no (https://emea01.safelinks.protection.outlook.com/?
url=http%3A%2F%2Foed.dep.no%2F&data=02%7C01%7C%7C867104933924490efcae08d67aead7cf
%7C3b7e417083484aa4bfae06a3e1867469%7C1%7C1%7C636831546389484985&sdata=xM0PXZ0kfg
YhyedOraITca08sYGIMKL9ZncsHNfGZKo%3D&reserved=0).

Kontakt:
Investorkontakt: Kjetil Bakken, VP Investor Relations, tlf: +47 918 89 889
Mediekontakt: Ole-Johan Faret, Pressetalsmann, tlf: +47 402 24 217

Om Aker BP:
Aker BP er et fullverdig oljeselskap som driver leting, utbygging og produksjon
på norsk kontinentalsokkel. Aker BP er operatør på Alvheim, Ivar Aasen, Skarv,
Valhall, Hod, Ula og Tambar. Selskapet er også partner i Johan Sverdrup-feltet.
Aker BP har hovedkontor på Fornebu og er notert på Oslo Børs under tickerkoden
AKERBP. Mer om Aker BP på www.akerbp.com.
Opplysningene i denne meldingen er informasjonspliktig etter
verdipapirhandelloven § 5-12.

Kilde