Aker BP (AKRBP) Investor presentation summary

Strategic overview and market outlook

• Focused on oil and gas operations on the Norwegian Continental Shelf, leveraging a portfolio of large-scale, low-risk assets with 2.4 billion barrels of reserves and resources.

• Oil demand is projected to grow for at least a decade, driven by resilient transport and petrochemical sectors, with hard-to-abate sectors anchoring long-term demand.

• Active exploration, high productivity, and innovation are key to unlocking further potential on the NCS, with scenarios supporting sustained production into 2050.

Operational excellence and digital transformation

• Distinct capabilities include an experienced team, alliance model with suppliers, and industry-leading digitalisation and automation.

• Drilling alliances have delivered top-quartile cost performance, with 23 of 37 wellbores in the top quartile for cost per meter.

• Digital investments enable faster decisions, world-class drilling, and remote operations, driving higher speed, lower cost, and better uptime.

Safety, emissions, and sustainability

• Maintains a strong safety record with declining injury and serious incident frequencies.

• Global leader in low-emission oil and gas production, targeting scope 1 & 2 GHG emission neutrality from 2030 and emission intensity below 4 kg CO2e/boe.

• Decarbonisation strategy includes electrification, energy management, and high-quality carbon offsets for residual emissions.