RH Petrogas Limited
SSGX:T130.16
SGD
0.00
(0.00%)
ISIN
SG1H00001443
Return %
Stock
S&P 500
1Y
-4.88
14.20
3Y
-21.61
81.12
5Y
-19.59
68.34
Capital Structure
USD
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in mil. unless spec.Working Capital
USD
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in mil. unless spec.Growth Rates
USD
•
in mil. unless spec.Semi-annual Revenue
USD
•
in mil. unless spec.Semi-annual Earnings Per Share
USD
•
in mil. unless spec.Semi-annual Dividends Per Share
USD
•
in mil. unless spec.Company Description
- CEO
- Cheng-Hsing Chang
- Sector
- Energy minerals
- Industry
- Integrated oil
- Address
- Singapore Singapore
- IPO Date
- Jul 21, 2009
- Website
- rhpetrogas.com
- Similar Companies
- Business
- RH Petrogas Limited is an independent upstream oil and gas company engaged in the exploration, appraisal, development, and production of crude oil and natural gas resources in Southeast Asia. Founded in 1987 and headquartered in Singapore, the company was formerly known as Tri-M Technologies Singapore Limited before rebranding to RH Petrogas Limited in November 2009 upon transitioning into the natural resources and energy sector. The group conducts its core upstream operations through key operating subsidiaries, including Petrogas (Basin) Ltd. and Petrogas (Island) Ltd., holding a 70 percent participating and operating interest in two contiguous production sharing contracts situated in the Bird's Head (Kepala Burung) Peninsula of Southwest Papua, Indonesia—specifically the Kepala Burung PSC and the Salawati PSC—in partnership with Indonesia's state-owned energy corporation, PT Pertamina. The company's core product and service offerings comprise: the exploration, identification, and geological appraisal of conventional oil and gas reserves; the drilling, completion, and maintenance of onshore and offshore hydrocarbon production wells; the extraction, treatment, and wholesale marketing of crude oil; the production, processing, and pipeline transmission of natural gas supplied to regional power utilities and industrial end-users; the execution of enhanced oil recovery (EOR) programs, reservoir pressure maintenance, and waterflood optimization; comprehensive subsurface modeling, seismic data interpretation, and petrophysical evaluation; the operation and management of oil and gas processing stations, gathering networks, storage tanks, and marine export terminal facilities; and field rehabilitation, workover interventions, and production enhancement services. In recent developments, RH Petrogas has continued the execution of its 20-year gross split Production Sharing Contracts valid through 2040 across the Kepala Burung and Salawati blocks, advancing strategic multi-well exploration and development drilling campaigns that include the spudding and evaluation of the Karim-1 exploration well targeting the Miocene Kais carbonate formation under its regulatory firm work commitments. The company has also executed operational streamlining and production facility optimization initiatives in Southwest Papua to decrease operating expenditure per barrel, accelerated subsurface re-evaluation and seismic reprocessing to mature its deep exploration prospect inventory, maintained strategic collaboration with Pertamina and Indonesian regulatory authorities (SKK Migas) to commercialize undeveloped gas discoveries, and leveraged strong operational cash flow generation and debt-free balance sheet flexibility to self-fund near-field development, in-fill drilling, and reserve replacement activities.