SEA.L Regulatory News (SEA)

18 June 2014

SeaEnergy PLC

MEXICO CONTRACT WIN FOR RETURN TO SCENE

Return To Scene Limited, a SeaEnergy subsidiary, is delighted to announce that it has been awarded a contract for provision of an R2S visual asset management system by Mexican national oil company Petróleos Mexicanos (PEMEX), following a competitive public international tender process. The contract value to Return To Scene is estimated at US$ 1 million.

Return To Scene's innovative R2S visual asset management system provides high definition 360o spherical photography - photographically capturing offshore oil and gas assets and providing the user with a desk top visual, interactive, walk around.

Together with local partner, Petrotécnica S.A. DE C.V. (to whom Return To Scene was contracted earlier this year to capture a new build drilling platform prior to float-out), Return To Scene will complete the spherical photographic capture of the Ku-S Central Processing Installation and its bridge-linked satellites, in the Ku-Maloob-Zaap oilfield located in the Bay of Campeche, Gulf of Mexico. The capturing of these images and their integration into the R2S visual management system will be completed by Q4 2014.

The benefits of R2S for operating companies have been recognised at all phases of project life cycle, and to date the system has been used by 14 operators in the UK Continental Shelf and US Gulf of Mexico (GOM), including BP, Chevron, Total and ConocoPhillips, on a diverse range of projects.

Bob Donnelly, Director of Business Development for the SeaEnergy Group commented that:

"We are at a key stage in the development of the SeaEnergy Group and this is a very exciting time for us as we continue to grow our international presence. We are delighted that the benefits of our technology and the efficiencies it allows for end users have been recognised by PEMEX. We look forward to continuing to cement and grow this relationship with PEMEX and our local partner, Petrotécnica."

"Return To Scene is setting the global benchmark for asset visualisation - providing our clients with a service that improves operational safety, reduces OPEX and travel risk exposure."

Marcelo Dorantes, Chief Executive of Petrotécnica added that:

"Petrotécnica is proud to have represented Return To Scene exclusively in Mexico since 2011 and after 3 years of hard work we are delighted to reach this milestone. Petrotécnica will add value to the R2S Visual Asset Management System by integrating new systems.

As energy reform in the Oil & Gas Industry continues to evolve and accelerates new business opportunities in the region, we are enthusiastic for the future of this key relationship with Return To Scene. We will continue to work to establish R2S as an institutional system for the whole of PEMEX, creating efficiencies across the business improving safety, reliability and asset integrity"

Notes

About SeaEnergy PLC:

SeaEnergy PLC is an innovation-led offshore energy services business, based in Aberdeen, Scotland and listed on the London Stock Exchange's AIM Market. The Group's three active divisions comprise R2S, Consulting and Marine. Return To Scene provides photographic capture and three dimensional modelling of oil & gas installations, linking these images to asset management databases for major international oil operators, allowing them to improve the performance of their assets whilst providing operational efficiencies. The Consulting division delivers strategic support for companies in offshore energy, helping them to improve asset integrity, reduce costs and improve output. The Marine division offers ship management services for offshore vessels in both oil & gas and offshore wind roles and is actively participating in tenders for the provision of purpose built offshore wind farm support vessels. Return To Scene was acquired by SeaEnergy in August 2012.

About Return To Scene: R2S Visual Asset Management provides high definition 360 spherical photography - photographically capturing the asset and providing the user with a desk top visual representation. Simply navigated, this allows our clients and their contractors one-click access from the image to external databases and information services with tagging and external linking capabilities. We deliver front-end benefit to our clients, providing the capability to plan maintenance work prior to arriving on site and the ability to accurately record maintenance works. R2S removes the need to travel to plan works and enables more effective utilization of on-site time. Current users track fabric anomalies, link their entire business management documents or simply use it as a briefing tool.

About Petrotécnica  S.A. DE C.V.: Petrotécnica was founded in 2009, and is based in Mexico. Its main purpose is to provide new technologies to the Oil & Gas Industry. Petrotécnica represents a number of international oil services companies and undertakes engineering consultancy both upstream and downstream.

About Petróleos Mexicanos (PEMEX): PEMEX is the biggest enterprise in Mexico, the largest taxpayer in the country and one of the largest companies in Latin America. PEMEX is involved at every level of the industry production chain from exploration to distribution and marketing of end products, including petrochemicals. During 2012, total revenues amounted to over 1.6 trillion pesos, with an operating income of 905 billion pesos and investment amounting to 311 billion pesos.

For further information contact:

www.seaenergy-plc.com

www.r2s.co.uk

http://vimeo.com/48458292/ - this link provides a visual overview of the R2S system