Investor

Seacrest Petroleo is an independent oil and gas producer focused on the redevelopment of midlife onshore producing oil and gas fields. The Company’s assets are onshore in Espírito Santo, Brazil and represent a cohesive set of attractive producing fields and an integrated export terminal.

The Company has integrated control over its operations, stretching from production to export tankers, allowing for cost-efficient recovery and direct access to export markets with its premium grade products.

INVESTMENT HIGHLIGHTS

Tier-1 fully integrated operated onshore producing portfolio and team

Proven track-record

Proven track-record in Brazil, backed by Seacrest Group and Mercuria

GOOD POTENTIAL

Acquired under-invested producing fields from Petrobras in a low oil price environment

FAST PRODUCTION GROWTH

Current production expected to grow organically by 3-4x within 2025-26

SEASONED TEAM

Seasoned management team with proven operational, technical and commercial track-record in Brazil

With the commitment to deliver maximum value to its investors, Seacrest Petroleo combines high productivity, ESG best practices and financial discipline, striving for organic growth and development of its acquired assets, always focused on efficiency and value creation.

INVESTMENT HIGHLIGHTS

High quality and large assets with integrated infrastructure

RESERVES

~1.2 billion boe initial oil & gas in place and significantly reserves certified

FURTHER UPSIDE

Current low recovery factors provide further upside in recoverable oil and gas reserves

OWNED INFRASTRUCTURE

100% owned infrastructure provides control, cost advantages and reduced capex

Highly cash generative business can fund both growth and dividends

LOW COST

USD 18/boe full cycle OPEX and USD 4/boe full cycle CAPEX

PLANNING FOR DIVIDENDS

Plan for returning capital to shareholders as production ramp-up is realized

Transparency and best practices

Seacrest Petroleo aims to support well-informed decisions on capital allocation by maintaining the highest level of transparency and communication regarding risks, opportunities and project outlooks. We aim to build trust and awareness in the investor community by ensuring that investor relations activities are conducted in compliance with relevant rules, regulations and recommended practices, including the Oslo Børs Code of Practice for IR.