Petrobras invites Seacrest Petroleo to restart transition meetings for Norte Capixaba acquisition

Rio de Janeiro, Brazil/Hamilton, Bermuda, 17 March 2023: With reference to its stock exchange announcement published on 2 March 2023, Seacrest Petroleo Bermuda Limited (“Seacrest Petroleo” and the “Company”, OSE ticker code “SEAPT”) informs that Petróleo Brasileiro S.A. – Petrobras (“Petrobras”) has invited the Company to restart the transition meetings for the acquisition of the Norte Capixaba cluster.

For further information, please contact:

Torgeir Dagsleth, Chief Financial Officer
Seacrest Petroleo Bermuda Limited
Tel. +47 958 91 970

Crux Advisers AS is acting as communications and investor relations adviser.

Senior Advisor Jan Petter Stiff
Crux Advisers AS
Tel. +47 995 13891

About Seacrest Petroleo:
Seacrest Petroleo is an independent oil and gas production company with an integrated portfolio of onshore producing oil fields and export infrastructure onshore in Espírito Santo, Brazil. The fields have estimated oil and gas in place volumes of 1.2 billion barrels of oil equivalents and certified 2P reserves of 140 million barrels of oil equivalents. Current production is 7,000 bbl/d which is expected to triple by 2025. The Company has exclusive control over its infrastructure, continuously from field production to offshore tanker loading terminal, allowing for cost-effective operations, and enabling direct access to markets for its premium grade products. The Company has offices in Bermuda, Norway and Brazil.

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