Seacrest Petroleo Bermuda Limited provided an update on production and offtakes. Production continues to recover rapidly and as of 2 December has already reached 99% of early November levels. The pace at which the Company has restored production materially exceeds the assumptions underlying the existing 7,400-7,600 bopd FY23 guidance.

The Company completed a full offtake of a crude oil cargo on 29 November. With the offtake of this cargo and another offtake scheduled for this week, storage capacity and terminal operations have returned to normal.