Asset Summary
| No | Asset | Stage | Location | Area | Group's working interest | Operator | Partners | Date awarded/ acquired |
PSC expiry |
|---|---|---|---|---|---|---|---|---|---|
| 1 | Kepala Burung PSC ("Basin PSC") | Prod. | West Papua, Indonesia | 872 km2 (onshore) |
60.0% | RH Petrogas | Pertamina (10%) PetroChina (30%) |
December 2010 | October 2020 |
| Kepala Burung PSC ("New Basin PSC")# | Prod. | West Papua, Indonesia | 1,030 km2 (onshore) |
70.0% | RH Petrogas | Pertamina (30%) | July 2018 (effective October 2020) | October 2040 | |
| 2 | Salawati Kepala Burung PSC ("Island PSC") | Prod. | West Papua, Indonesia | 1,097 km2 (onshore and offshore |
33.2% | PetroChina and Pertamina | Pertamina (50%) PetroChina (16.8 %) |
December 2010 | April 2020 |
| Salawati PSC # | Prod. | West Papua, Indonesia | 1,137 km2 (onshore and offshore) |
70.0% | RH Petrogas | Pertamina (30%) | July 2018 (effective April 2020) | April 2040 | |
| 3 | SK 331 PSC | Exp. | Sarawak, Malaysia | 8,963 km2 (onshore) |
40.8%* | RHP (Mukah) (80%) | Petronas (20%) | December 2012 | December 2039 (exploration period expires in December 2019) |
Prod. = Production
Devt. = Development
Exp. = Exploration
# The PSC will take effect following the expiry of the existing PSC in 2020.
*RHP (Mukah) owns 80% of the working interest in SK331 PSC. RHP (Mukah) is jointly owned by RH Petrogas (51%) and Tumbuh Tiasa Enterprise Sdn Bhd (49%). Thus the Group's effective working interest in SK331 PSC is 40.8%.
BOEPD = Barrels of oil equivalent per day
MMBOE= Million barrels of oil equivalent
# Excluded 27.2 MMBO of 2C resource for Fuyu 1 PSC as the Group has ceased to hold any interest in the project following the disposal of a subsidiary. Please refer to Company’s SGX-ST announcement on 31 October 2019