Jakarta, Indonesia – 11 May 2010. Today, PT Energi Mega Persada, Tbk (“ENRG” or the “Company”) reported that a floating production, storage and offloading facility (commonly referred to as a ”FPSO”) has been secured for a new Kangean oil field development called Pagerungan Utara (“PUO”).

ENRG has an effective 50% working interest in the Kangean PSC and the field is operated by Kangean Energy Indonesia Limited (“KEI”) In addition to ENRG, Mitsubishi Corporation and Japan Petroleum Exploration Co. Ltd. respectively own 25% working interest in Kangean PSC.

KEI has signed an agreement with PT. Berlian Laju Tanker, Tbk to lease a FPSO for a period of 4 years. The leased FPSO is intended to help facilitate first oil production from the PUO oil field in October, 2010. Further, the PUO oil field is expected to commence oil at the rate of 5,000 to 7,000 barrels of oil per day. The FPSO facility can store up to 400,000 barrels of crude oil.

For further information about the Company or this release, please contact Tom Soulsby or Herwin Hidayat (Investor Relations) at +62215290-6250 or visit our corporate website at www.energi-mp.com.