INTRODUCTION

The Board of Directors of SapuraKencana Petroleum Berhad ("SapuraKencana" or the "Company") is pleased to announce that one of its wholly-owned subsidiary companies in Australia had, on 30 July 2012, been awarded a contract by PTTEP Australasia (Ashmore Cartier) Pty Ltd ("PTTEP") for the provision of the vessel "Normand Clough" (the "Vessel") to support the hook-up and commissioning activities of the Montara Development Project (the "Contract").

INFORMATION ON THE CONTRACT

The Contract is for the provision of the Vessel and the Vessel personnel, the operation, navigation and management of the Vessel, the operations or work to be performed using the Vessel and any other responsibilities and obligations imposed under the Contract in respect of the Montara Development Project. The Montara field is located approximately 700km west of Darwin in the Timor Sea, off the coast of Northern Australia.

The value of the Contract amount with options exercised is approximately AUD$14.8 million (equivalent to RM50.0 million). The total duration of the Contract is approximately three (3) months, commencing early October 2012 following the Normand Clough campaign in Sakhalin.

FINANCIAL EFFECTS

The Contract is expected to contribute positively to the earnings and net assets per share of SapuraKencana Group.

RISK FACTORS

The risks associated with the Contract are mainly operational risks. Notwithstanding this, Management of the Company shall always ensure strict compliance to the safety and operational procedures in the execution of contract requirements.

DIRECTORS' AND MAJOR SHAREHOLDERS' INTEREST

None of the Directors or major shareholders or persons connected with them has any direct or indirect interest in the Contract.

DIRECTORS' STATEMENT