7 September 2010

Pn. Nor’Aini JalaludinGeneral ManagerGroup Supply Chain ManagementLevel 66, Tower 1PETRONAS Twin TowersKuala Lumpur City Centre50088 Kuala Lumpur

Dear Sir,

TENDER TITLE : PROVISION OF CONTROLLED SOURCE ELECTRO-MAGNETIC (CSEM) SURVEY IN BLOCKS- 2G&2J, OFFSHORE SABAH

SUBJECT : APPROVAL TO GO FOR SINGLE SOURCE AWARD RECOMMENDATION TO ELECTROMAGNETIC GEOSERVICES MALAYSIA SDN. BHD. (EMGS) BY FARMING INTO MASTER SERVICES AGREEMENT (MSA) BETWEEN PETRONAS & EMGS.

1.0 OBJECTIVE

To seek your… .

2.0 BACKGROUND

Block… .

3.0 HIGHLIGHTS AND CRITICAL ISSUES

3.1 PETRONAS has entered into… .

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3.2 EMGS... .

Table-1, Vessel Availability & Cost

CSEM Survey Vessel: MV Boa Galatea

ItemMSA Rates

(USD)Negotiated

Rates (USD)

Difference(USD) Remarks

MobilizationDemobilization

Acquisition & Processing(Upto Level-III)2.5D Constrained Inversion (3-Prospects Constrained)Miscellaneous (QC cost, chase vessel, Standby)Total

3.3

The negotiated price for… .

3.4

Therefore… .

The current existing contact is expiring on.

4.0 RECOMMENDATION

We hereby seek your… .

5.0 NEXT STEP

5.1

5.2

To… .

To… .

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5.3 To… .

Thank you.

_______________________En. Effendy Cheng AbdullahVP & CEOPETRONAS Exploration

CC: En. Abu Bakar MohamedHead, Technical Services Division, PETRONAS Exploration

Pn. Siti Hawa Hj AhmadActing GM, SCM, PETRONAS Development & Production

En. Ismail B SaadSM, Exploration Geophysics, PETRONAS Exploration

Attachments:

1. Memo to Effendy Cheng Abdullah to seek endorsement for contract award to EMGS

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