Seacrest Petroleo Bermuda Limited: Martin Bachmann and Robert Lawson Appointed Directors

Rio de Janeiro, Brazil/Hamilton, Bermuda, 11 September 2023: Seacrest Petroleo
Bermuda Limited (“Seacrest Petroleo” or the “Company”) announces the appointment
of Martin Bachmann and Robert Lawson as members of the Board of Directors of the

Martin Bachmann
Martin Bachmann, a trained geophysicist, has more than 35 years’ executive
experience across the global oil and gas business. He is currently chairman of
Sval Energi and NEO Energy Group, both of which are North Sea-focused producers,
and a non-executive director of Phoenix Global Resources in Argentina. Prior to
that, he was a member of Wintershall’s board of executive directors for 10 years
and before that had a successful 25 year career with Shell.

Robert Lawson
Robert Lawson is the Executive Vice-President and a member of the board of
directors of Mercuria Energy Group. Prior to this, Mr Lawson spent 32 years with
BP across the upstream, downstream and trading businesses, including as
commercial vice-president for BP’s refining and marketing business and as global
head of M&A. Mr Lawson is also a non-executive director of London-listed Serica
Energy plc.

Erik Tiller, Chairman and co-founder of the Company, said, “We are delighted
that Martin Bachmann and Rob Lawson have joined the Board and believe that, with
their impressive backgrounds they will bring experience and strengths to the
Board that will help us accelerate the execution of our planned production

For further information, please contact:

Torgeir Dagsleth, CFO
Seacrest Petroleo Bermuda Limited
Tel. + 47 958 91 970

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. 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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