Seacrest Petroleo Bermuda Limited – Presentation to investors in Oslo on 20 September 2023

Rio de Janeiro, Brazil/Hamilton, Bermuda, 20 September 2023: Scott Aitken,
President of the Executive Committee of Seacrest Petroleo Bermuda Limited
(“Seacrest Petroleo” or the “Company”), will make a presentation to investors at
Pareto Securities’ 30th Annual Energy Conference in Oslo today.

A copy of the presentation could be downloaded here:

Seacrest Petroleum – Pareto Securities Energy Conference

For further information, please contact:

Torgeir Dagsleth, Chief Financial Officer
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.

Important information

Matters discussed in this press release and the accompanying presentation may
constitute forward-looking statements. Forward-looking statements are statements
that are not historical facts and may be identified by words such as
“anticipate”, “believes”, “continue”, “estimate”, “expect”, “intends”, “may”,
“should”, “will” and similar expressions. The forward-looking statements in this
release and the accompanying presentation are based upon various assumptions,
many of which are based, in turn, upon further assumptions. Although the Company
believes that these assumptions were reasonable when made, these assumptions are
inherently subject to significant known and unknown risks, uncertainties,
contingencies and other important factors which are difficult or impossible to
predict and are beyond its control. Such risks, uncertainties, contingencies and
other important factors could cause actual events to differ materially from the
expectations expressed or implied in this release by such forward-looking
statements. The information, opinions and forward-looking statements contained
in this release and the accompanying presentation speak only as at the date of
this release and are subject to change without notice.

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