Kebabangan Petroleum Operating Company Sdn. Bhd. (Kpoc)

CORPORATE PROFILE Kebabangan Petroleum Operating Company Sdn Bhd ("KPOC") was incorporated on 6 November 2007 under the Companies Act 1965. It is a Joint Operating Company formed under the terms of the Kebabangan Cluster Production Sharing Contract dated 31 December 2007. KPOC was appointed the operator under the Kebabangan Cluster Joint Operating Agreement to conduct petroleum operations on behalf of the Production Sharing Contractors in offshore Sabah, Malaysia. The Production Sharing Contractors of the Kebabangan Cluster Production Sharing Contract are PETRONAS Carigali Sdn Bhd, ConocoPhillips (Sabah Gas) Ltd and Shell Energy Asia Limited. The participating interests of the Production Sharing Contractors are PETRONAS Carigali Sdn Bhd (40%), ConocoPhillips (Sabah Gas) Ltd (30%) and Shell Energy Asia Limited (30%). KPOC has been entrusted with the exploration, development and production of natural gas resources from the Kebabangan Cluster fields which are located approximately 130km northwest of the coast of Kota Kinabalu in Sabah.