May 21, 2014
Sumitomo Corporation

Oil Discovery in UK North Sea block 21/6b

Summit Petroleum Limited (Kevin Smith, Chief Executive Officer, hereinafter SPL), a subsidiary of Sumitomo Corporation (Kuniharu Nakamura, President and Chief Executive Officer), has drilled an exploration well on its Avalon prospect located in UK North Sea block 21/6b and confirmed an oil discovery in good quality Tertiary sands. SPL and its partner in the block, EnQuest Heather Limited are now evaluating the well results toward a potential development.

SPL   50%  (License Operator)
EnQuest Heather Limited   50%  (Well Operator )

SPL acquired its interest through the 27th Licensing Round in 2012.

Corporate Communications Department, Sumitomo Corporation
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