AKER BP AKRBP NON-REGULATORY PRESS RELEASES

Symra on stream

07. April 2026 kl. 07:00

Aker BP has started oil production from the Symra field in the North Sea. The project has been delivered nine months ahead of original schedule, generating significant value and accelerating production start into 2026. The field is estimated to contribute approximately 63 million barrels of oil equivalent to the Eiga area.

Symra is located approximately 7 km north-east of the Ivar Aasen platform and has been developed as the second subsea tie-back to Ivar Aasen. Production will be partially processed at Ivar Aasen before final processing at Edvard Grieg. The development comprises four wells tied back via a subsea template. Modifications have been carried out on both platforms to enable tie-in of the subsea infrastructure to Ivar Aasen and to increase processing capacity at Edvard Grieg.

"Symra shows what's possible when strong partners work as one: safe delivery, high quality and faster execution. It's also a step into a new part of the Eiga area and a new reservoir type on the Norwegian shelf, creating value for shareholders, partners and society," says Karl Johnny Hersvik, CEO of Aker BP.

The development has been carried out in close collaboration with several leading suppliers. TechnipFMC has delivered the subsea systems. Moreld Apply has carried out modifications on the Edvard Grieg platform, while Aibel has performed the modifications on the Ivar Aasen platform. Drilling operations have been undertaken by Odfjell Drilling and Halliburton through Aker BP's drilling and wells alliance. Together, these suppliers have contributed to the safe, efficient and high-quality execution of the project.

Symra is the sixth Aker BP-operated project sanctioned in 2022 to come on stream.

Aker BP is the operator of Symra (PL167/167B/167C) with partners Equinor (30 percent) and DNO Norge (20 percent).

Contacts: Ole-Johan Faret, Press Spokesperson, tel.: +47 402 24 217 Kjetil Bakken, Head of Investor Relations, tel.: +47 918 89 889

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.