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OIL & GAS

Overview

 Indonesia

 

PRODUCTION/NEAR PRODUCTION

 

 

 

 

 

 

 

 OIL & GAS STRATEGY

As part of the Group’s overall growth strategy, the Group invested into the oil and gas business in late 2014. The Group focuses mainly on low risk and low cost onshore oil and gas production and exploration in Indonesia.

Commissioned by PT Pertamina EP in 2016 for the oil and gas production of petroleum in the Trembul Operation Area (“Area”). According to a Qualified Person’s Report (QPR) conducted in 2015, the Area is 47.6 sqkm wide and is estimated to have approximately 24.3 million stock tank barrels of contingent resources at depths up to 800 meters.