Date: 11.06.2018.

Kuala Lumpur, 11 June 2018

Sapura Energy Berhad (“Sapura Energy” or “the Group”) through its wholly-owned subsidiary, Sapura Exploration and Production (Sarawak) Inc. (formerly known as SapuraKencana Energy Sarawak Inc.; “Sapura E&P”) and its partners Sarawak Shell Berhad and PETRONAS Carigali Sdn Bhd announce its ninth gas discovery offshore Sarawak, following the completion of its 2017 drilling campaign within the SK408 Production Sharing Contract (“PSC”).

The Pepulut-1 exploration well was drilled and encountered high quality reservoir. The well is located offshore Bintulu, Sarawak in Block SK408.

“This successful gas discovery is attributed to the strength and capabilities of our exploration, sub-surface and drilling teams whose combined expertise has resulted in a number of significant discoveries. This series of successful results is founded on our work in understanding the geologic fundamentals of the region,” said Tan Sri Dato’ Seri Shahril Shamsuddin, President & Group Chief Executive Officer, Sapura Energy Berhad.

The Pepulut-1 gas discovery is a continuation of Sapura E&P’s exploration successes in the highly prolific area of SK408.

“In line with our strategy to unlock the value of our gas fields and enhance long-term earnings visibility of our E&P business, we will focus on realising the full potential of our highly prospective gas fields in SK408 and strengthening our E&P portfolio,” Tan Sri said.

The Pepulut-1 discovery is another significant milestone for Sapura Energy following the recent announcement of its development plans for Gorek, Larak and Bakong fields as phase 1 in the SK408 PSC.

Sapura E&P is the exploration operator with its partners PETRONAS Carigali Sdn. Bhd. and Sarawak Shell Bhd.