Reference is made to the earlier announcements of Sapura Energy dated 4 November 2015 and 27 June 2016. Unless otherwise stated, all abbreviations used in this announcement shall have the same meanings as those defined in the earlier announcements.

Sapura Energy Berhad (formerly known as SapuraKencana Petroleum Berhad) (“Sapura Energy”) is pleased to announce that its wholly-owned subsidiary, Sapura Exploration and Production (Sarawak) Inc. (formerly known as SapuraKencana Energy Sarawak Inc) (“Sapura E&P”) has commenced production at the B15 field. The B15 gas field development is a maiden gas development project for Sapura E&P and the first gas milestone was achieved within 2 years of the sanction of its Field Development Plan (“FDP”).

The B15 field was discovered in December 2010 and is located within the SK310 Production Sharing Contract (“PSC”) area, offshore Sarawak, East Malaysia. The development comprises a processing platform with a 35 kilometre evacuation pipeline tied into the existing B11 infrastructure for onwards transmission into the Malaysia Liquefied Natural Gas (“MLNG”) complex at Bintulu, Sarawak.

Sapura E&P is the Operator of the SK310 PSC with a 30% participating interest and partners with PETRONAS Carigali Sdn. Bhd. at 40% and Diamond Energy Sarawak Sdn. Bhd., a subsidiary of Mitsubishi Corporation at 30%.

The production of gas is expected to contribute positively towards the earnings of Sapura Energy Group for the financial year ending 31 January 2019 and the financial periods thereafter.

The announcement is dated 22 March 2018.