High Power Petroleum Uk Ltd acquired additional approximately 3% stake in Seacrest Petroleo Bermuda Limited (OB : SEAPT) for NOK 92.5 million.

Seacrest Petroleo Bermuda Limited is a Bermuda-based upstream oil and gas company. The Company specializes in operating mid-life oil and gas fields in Brazil. The Company is focused on maximizing production from mature fields through a combination of enhanced oil recovery techniques and operational efficiencies. Its portfolio consists of the Cricare Cluster and the adjacent Norte Capixaba Cluster. Its 100% owned Cricare Cluster consists of approximately 27 onshore fields. Its Norte Capixaba Cluster consists of four onshore fields. The Company has a purchase agreement with Petrobras for the acquisition of 100% interest and operatorship of the Norte Capixaba Cluster and the waterway Terminal Norte Capixaba.