The notes are due 2028 and 2033

Davis Polk advised the joint bookrunners on an offering of $500 million aggregate principal amount of 5.600% senior notes due 2028 and $1 billion aggregate principal amount of 6.000% senior notes due 2033 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 Alvheim, Edvard Gried, Ivar Aasen, Skarv, Ula and Valhall, 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 Majd Atalla. Counsel Alon Gurfinkel and associate Ya Sheng Lin provided U.S. tax advice. European counsel John Taylor provided U.K. law advice. All members of the Davis Polk team are based in the London office.