Sapura Energy Berhad (“Sapura Energy” or “the Group”) through its wholly-owned subsidiary, Sapura Exploration and Production (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.

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

A copy of the press release is attached herewith.

The announcement is dated 11 June 2018.