Completion of Russian Sale

Soco International PLC
1 November 2001

                 
                            SOCO International plc

                          ('SOCO' or 'the Company')

                     Completion of Sale of Russian Assets


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 further to its announcement of 20 August 2001 regarding
the proposed sale of its 50% interest in the Russian joint venture, Permtex,
to Acont Enterprises Limited, a wholly owned subsidiary of Lukoil Overseas BVI
Ltd, Soco has received the cash consideration of US$50.0 million following
completion of the disposal.


                                                               1 November 2001


Enquiries:


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

College Hill                                         Tel: [phone]
James Henderson
Archie Berens