Aker BP Signs 3-Year Agreement with Resoptima for Subsurface Uncertainty

Modelling

Oslo, Norway December 07, 2021 --(PR.com)-- Norwegian Operator Aker BP signed today a 3-year
agreement to increase usage of Resoptima's ensemble-based technology across its assets.

As well as continuing the licensing of the ResX™ uncertainty-centric reservoir modelling & data
conditioning package, Aker BP will be the first customer to move to a commercial software-as-a-service
(SaaS) deployment of IRMA™ on the Microsoft® Azure platform. Over the last three years, Aker BP has
worked closely with Resoptima in jointly developing and testing the IRMA platform.

Since launching ResX, Resoptima has assisted customers such as Aker BP in their field appraisal,
development and production activities with industry-leading ensemble-based modelling that
simultaneously conditions static and dynamic data. IRMA allows the application of analytics, data
exploration, machine learning and visualization techniques to the ensembles of models generated by
ResX with a built-for-purpose system. IRMA enables access to important new insights into the
subsurface, identifying new opportunities and associated risks

“We are very pleased to renew a multi-year agreement with Aker BP,” said Resoptima CEO Atila
Mellilo, “Our companies have established a long-lasting relationship, including joint technology
development and other forms of collaboration that has been mutually beneficial in pushing the envelope
of what ensemble modelling can contribute to critical decisions for field appraisal, development and
production.”

About Resoptima
Resoptima, established in 2010, is a global technology company with offices in Oslo, Stavanger, London,
Kuala Lumpur, and Houston. Resoptima delivers scalable software and high-value services for
ensemble-based reservoir management and optimized decision support using analytics, visualization,
machine learning and data exploration.

More about Resoptima at: www.resoptima.com

About Aker BP
Aker BP is an independent E&P company with exploration, development and production activities on the
Norwegian Continental Shelf. Aker BP is the operator of Alvheim, Ivar Aasen, Skarv, Valhall, Hod, Ula
and Tambar. The company is also a partner in the Johan Sverdrup field. Aker BP is headquartered at
Fornebu, Norway, and is listed on the Oslo Stock Exchange under the ticker "AKRBP."

More about Aker BP at: www.akerbp.com.

Aker BP Media Contact:

Ole-Johan Faret, Press Spokesperson
Tel.: +47 402 24 217

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Contact Information:
Resoptima
Silvia Ramsvik
+47 48 251 472
Contact via Email
www.resoptima.com

Online Version of Press Release:

https://www.pr.com/press-release/850491

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