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KUALA LUMPUR, Malaysia, Frost + Sullivan's
recent research, Asia Pacific International Data Services Pricing and
Analysis, selected PCCW Limited as the recipient of the Best Marketing
Strategy Award. For further information, visit http://www.

kuala malaysia

The Kebabangan discovery will go through an additional appraisal
phase to determine the extent and commerciality of the oil reserves,
and if successful, will move into development.

conocophillips.

embassies address

About PCCW
PCCW Limited (SEHK: 0008, ADR-NYSE: PCW) is the leading communications
provider in Hong Kong and one of Asia's leading IT+T players.pccw.

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The Kebabangan field was discovered in 1994 when the initial
exploration well encountered a thick gas column with a thin oil rim. Water depths range from
400 to 800 feet.
ConocoPhillips is an integrated oil company with interests around
the world.

legations foreign

The award is part of the Frost + Sullivan Service Provider of 2004
Awards , presented to companies through a benchmarking study of
global/regional data service providers' performance in the Asia Pacific
region.com

For further information, please contact:

Sarah Lourdes Sharmin Jassal
DID: +603-6204-5878 DID: +603-6204 -5869
sharmin.

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Well tests showed the oil to be
light and of high quality.

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"We are excited about our growing position in Malaysia and the
strong partnership we have built with PETRONAS," said Ryan Lance,
president of Asia Pacific for ConocoPhillips. We are committed to provide a full array of enterprise
communications services and solutions to our customers catering to their
business requirements in the region. Frost + Sullivan rigorously analyses specific criteria to
determine award recipients in a broad spectrum of market industries and
landscapes.

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Joint-venture partners in the Kebabangan field are ConocoPhillips
(East Malaysia) Ltd.

PCCW Wins Frost + Sullivan Asia Pacific Service Provider Award for Best Marketing Strategy

This category contains Embassies, Legations, High Commissions, Consulates, Permanent Missions, Representatives, Nunciares, and their de-facto equivalents , and information about and directories of them.

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With its clear marketing focus and strategy, PCCW is a worthy recipient
of Frost + Sullivan's Asia Pacific Service Provider 2004 Award for Best
Marketing Strategy.

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jassal@frost.

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, 40 percent, and PETRONAS Carigali, 60 percent. A
joint operating company located in Kuala Lumpur will be established to
act as the operator of the block on behalf of the partnership.
PCCW is expanding its service offerings relentlessly from Hong Kong to
Mainland China, Japan, Korea, Singapore, and Australia, and is continuously
improving its competitiveness .
To learn more about PCCW, go to http://www. Frost + Sullivan Awards are presented to companies that
demonstrate best practices in their industry, commending the diligence,
commitment, and innovative business strategies required to advance in the
global marketplace.

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"
As a local incumbent, PCCW is already leading the Asia Pacific data
service market.

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"To keep our world -class service ahead, we will press
our competitive advantages to new heights through continuous deployment of
leading technologies for our products and services.

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com
About Frost + Sullivan
Founded in 1961, Frost + Sullivan is recognized as a global leader in
growth consulting.

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ConocoPhillips Signs a Production Sharing Contract For Appraisal and Development Offshore Sabah Malaysia

"PCCW has a very clear marketing strategy for its customers, particularly
the North Asian markets , helping Hong Kong enterprises and multinational
companies (MNCs) to expand and build their business operations throughout the
region, especially into Mainland China," says Frost + Sullivan Program Leader
for Telecoms Bryan Wang.

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Local partners in South Asia and India
extend PCCW's network to provide end-to-end managed services for MNCs.

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For more information, go to www.

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It has made tremendous efforts to combine excellent project
management and its rich experience in the regional market with customized
solutions to win significant contracts.

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Business Editors/Energy Editors

HOUSTON ----ConocoPhillips (NYSE:COP)
today announced that a PETRONAS Carigali-ConocoPhillips joint venture
has signed a Production Sharing Contract with PETRONAS, the Malaysian
national oil company, for the appraisal and development of the
Kebabangan oil field, in waters off the northwest coast of Sabah ,
Malaysia.
An appraisal well drilled in 2002 penetrated gas as well as an oil
column in several reservoir intervals.
The Kebabangan appraisal represents an opportunity for
ConocoPhillips and PETRONAS Carigali to build upon previously
announced exploration success in their continuing deepwater Malaysian
exploration program in deepwater blocks G and in which ConocoPhillips holds an interest ,
along with PETRONAS Carigali and Shell. "Together, we hope that
ConocoPhillips and PETRONAS will be able to continue to build a strong
legacy position in Malaysia and other areas that will add to each
company's growth and value in Southeast Asia.
"At PCCW, service excellence is of utmost importance and we proactively
customize solutions to meet user needs," says PCCW Commercial Group Managing
Director Marisa Kwok. PCCW's range of value-added service
options and its stringent customer service standards place the company way
ahead of its competitors.com
Corporate Communications
Technology Practice - Asia Pacific

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The company is hoping to do this based on its
well -established relationship with other service providers and its global IP
backbone and bandwidth infrastructure . This year we will be
focusing on customized IP solutions, bandwidth customization together with a
range of value-added service options and pan-Asian as well as global
networks. Hong Kong's
image as a center of technology excellence continues to be enhanced by PCCW's
innovation, especially in new generation fixed-line telephony, broadband, IT,
wireless and delivery of home entertainment.

Note to Editors: The Company's English name was changed in
2002 from "Pacific Century CyberWorks Limited" to "PCCW Limited".

facto consulates

Internationally, PCCW provides
cutting-edge technical services to network operators, and enables
organizations to bring their business to Asia and take Asian business to the
rest of the world.