Farm-out Agreement

Soco International PLC
14 February 2002




                             SOCO International plc
                           ('SOCO' or 'the Company')
                               Farm-out Agreement

SOCO is an international oil and gas exploration and production company,
headquartered in London.  The Company has exploration activities in Vietnam,
Mongolia, Yemen, Thailand and North Korea with production operations in Yemen,
Tunisia and Mongolia.

SOCO announces that its subsidiary, SOCO Vietnam Ltd. ('SOCO Vietnam'), has
executed a Farm-out Agreement (the 'Agreement') with PTT Exploration and
Production Company Limited of Thailand ('PTTEP'), subject to approval of the
Government of Vietnam.  Per the Agreement, PTTEP will fund SOCO's and PTTEP's
share of drilling four wells scheduled this year on Blocks 9-2 and 16-1 in the
Cuu Long Basin offshore Vietnam to a maximum of US$50,000,000, whichever is
less.  Post farm-out SOCO Vietnam, in which SOCO holds an 80% interest, retains
a 25% interest in Block 9-2 and a 15% interest in Block 16-1.

Ed Story, chief executive of SOCO, commented:

'We are delighted to have a company with PTTEP's experience, expertise and
operating capabilities in southeast Asia join in our exploration programme in
Vietnam.  We are very optimistic about the potential of these prospects and
continue to have significant exposure to the upside whilst having limited our
potential downside.'

                                                                14 February 2002




Enquiries:


SOCO International plc                                        Tel: [phone]
Roger Cagle, Chief Financial Officer

College Hill                                                  Tel: [phone]
James Henderson
Archie Berens


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