Appointment of Joint Provisional Liquidators

On 21 February 2025, by Order of the Supreme Court of Bermuda (the “Appointment Order”), Mike Penrose of EY Bermuda Ltd., 3 Bermudiana Road, Hamilton, HM08, Bermuda and Igal Wizman of EY Bahamas Ltd., Caves Corporate Centre, West Bay Street & Blake Road, Nassau N-3231, The Bahamas, were appointed as Joint Provisional Liquidators (the “JPLs”) of Seacrest Petroleo Bermuda Limited (the “Company”).

Pursuant to the Appointment Order, the JPLs are now responsible for the business and affairs of the Company including preserving and protecting the assets of the Company. The JPLs act as agents of the Company only and without personal liability.

The JPLs may be contacted at:

Seacrest Petroleo Bermuda Limited (in Provisional Liquidation)

c/o EY Bermuda Ltd.

3 Bermudiana Road

Hamilton HM08

Bermuda

Or by email at: SBPL.JPLs@bm.ey.com

Seacrest Petroleo

the fully integrated onshore Brazilian oil and gas producer

Seacrest Petroleo storage tanks.

About Seacrest Petroleo

Seacrest Petroleo is an upstream oil and gas company that specializes in operating mid-life oil and gas fields in Brazil.

The portfolio consists of the Cricaré Cluster and the adjacent Norte Capixaba Cluster. Both Clusters are owned 100% and operated by the Group. Cricaré was acquired in December 2021 and Norte Capixaba in April 2023.

The company’s focus is on maximizing production from mature fields through a combination of enhanced oil recovery techniques and operational efficiencies.

WHAT MAKES SEACREST PETROLEO UNIQUE?
HIGH QUALITY
ASSETS

Considerable reserves with significant organic upside potential. Proven success in Brazil through execution by top-performing execution team and the backing of industry leaders Seacrest and Mercuria.

Fully OWNED INFRASTRUCTURE

Large-scale infrastructure enables to process, transport and deliver our oil production directly to sea tankers through a uniquely integrated system providing control and risk mitigation.

POTENTIAL FOR
GROWTH

Cash-generative business with potential for growth. Significant ramp up of production expected through simple, low-risk workovers, recompletions and drillings.

Reporting Channel

Seacrest Petroleo has established a reporting channel with partner Contato Seguro for employees, contractors, and other stakeholders to confidentially report any concerns or complaints about issues in the corporate environment.

Call the hotline

0800-6018659

Visit the website

contatoseguro.com.br

Download the app

Contato Seguro