Offshore staff

(Asia-Pacific) - SapuraCrest Petroleum's subsidiary Petcon (Malaysia), has signed a three-year contractual extension valued at $65 million with ExxonMobil E&P Malaysia Inc. for the provision of a tender assisted platform rig.

The contract extension agreement provides for the deployment of the rigT-9 which has, on July 9 2004, substituted the now decommissioned rig T-2.

TheT-9, which is now drilling at the Tapis C field, will operate at any of ExxonMobil's platforms offshore Terengganu that are suitable to its operations.

The contract includes an option to extend for one year.

02/16/06