Aker BP is currently drilling exploration well 24/9-14 on the Froskelår Main
prospect. The well has encountered oil and gas. Preliminary analysis indicates a
gross discovery size within the previously communicated estimate of 45-153
million barrels oil equivalents.
Froskelår Main is located in the Alvheim area and follows the Frosk discovery
from last year. The major part of the discovery is in licence 869 on the
Norwegian Continental Shelf, while a part may straddle the UK-Norwegian border
in the North Sea.
The drilling operation will continue, and a comprehensive data collection
program will be performed to determine the size and quality of the discovery.
More information will be provided when this work has been completed.
Aker BP is the operator and holds 60 percent interest in licence 869. The
partners are Lundin Norway (20 percent) and Vår Energi (20 percent).
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.
This information is subject to disclosure requirements pursuant to section 5-12
of the Norwegian Securities Trading Act.