The notes are due 2035

Davis Polk advised the representatives of the initial purchasers on an offering of $1 billion aggregate principal amount of 5.250% senior notes due 2035 by Aker BP ASA under Rule 144A / Regulation S.

Aker BP ASA is a company engaged in exploration, field development and production of oil and gas on the Norwegian continental shelf. Measured in production, it is one of the largest independent oil companies in Europe. The company operates the field centers Valhall, Ula, Edvard Grieg/Ivar Aasen, Alvheim and Skarv, and is a partner in the Johan Sverdrup field. The company is headquartered at Fornebu, Norway, and is listed on the Oslo Stock Exchange.

The Davis Polk corporate team included partner Reuven B. Young and associates Serdar Inci and Matt Meagher. Counsel Alon Gurfinkel and associate Valentin Van de Walle provided U.S. tax advice. Counsel John Taylor and associate Mary Valtas provided U.K. law advice. Members of the Davis Polk team are based in the London and New York offices.

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