Aker BP (AKRBP) Investor presentation summary

Strategic priorities and operational excellence

• Focus on safe, efficient, and low-cost operations with a strong performance culture and experienced team driving innovation and continuous improvement.

• Strategic alliances with key suppliers and digitalisation initiatives have led to industry-leading drilling efficiency and project execution.

• Ambitious decarbonisation targets include achieving scope 1 & 2 GHG emission neutrality by 2030 and maintaining industry-low emissions.

Asset portfolio and production performance

• Operates a large-scale, low-risk portfolio on the Norwegian Continental Shelf with 2.4 billion barrels of reserves and resources.

• Six producing area hubs deliver high production efficiency and low operational costs, consistently in the top quartile among peers.

• Major assets like Johan Sverdrup, Alvheim, Skarv, Valhall, and Eiga have shown significant reserve growth and production outperformance.

Growth projects and exploration

• Ongoing and planned projects such as Yggdrasil, Valhall PWP/Fenris, and Skarv Satellites are on track, targeting over 1 billion barrels in new resources.

• Recent tie-backs and field developments have been delivered ahead of schedule and below budget, with high IRR and rapid payback.

• Exploration strategy focuses on near-infrastructure opportunities, leveraging technology to unlock complex reservoirs and add valuable barrels.