RH Petrogas Limited ("RHP") is engaged in exploration, development and production of oil and gas resources. RHP's first oil and gas project is a Production Sharing Contract ("PSC") with China National Petroleum Corporation to jointly develop and produce hydrocarbon resources in Fuyu 1 Block in the Songliao Basin, Jilin Province, the PRC.
Apart from the crude oil resources available at Fuyu 1 Block, RHP also holds the exploration and production PSC in West Belida Block, Jambi, South Sumatra, Indonesia, covering an area of approximately 1,402 sq km.
In West Papua, Indonesia, RHP has a total of 60 percent of the Basin PSC and 33.2 percent of the Island PSC. The Basin & Island PSCs are two contiguous blocks located in the 'Birds Head' area of West Papua, Indonesia, occupying a total area of approximately 2,000 sq km onshore and offshore and has a net production of 4600 boepd.
These projects provide an excellent platform for the Group to expand into the robust Asian oil and gas market. The Group is continuing to explore more opportunities to strengthen its position in the energy sector.
RHP aspires to be a leading independent oil and gas company in the region.
TAN SRI DATUK SIR TIONG HIEW KING was appointed Executive Director and Executive Chairman of the Company on 13 March 2008. He is also the Executive Chairman of Rimbunan Hijau Group, a large diversified conglomerate in Malaysia with extensive business around the world. Tan Sri Datuk Sir Tiong has extensive experience in a number of industries, including timber, oil palm plantations, oil and gas, media and publishing, mining, fishery and manufacturing. He also holds directorships in many private limited companies and publicly listed companies around the world, including Rimbunan Sawit Berhad in Malaysia.
He is also the Chairman of Media Chinese International Limited, a publicly listed media company in both Hong Kong and Malaysia, which publishes 5 Chinese-language newspapers with a total daily circulation of over 1 million copies and over 30 magazines in key cities in North America, Southeast Asia, and China.
DATO' SRI DR TIONG IK KING who had been a NonExecutive Director since 7 March 1997 and Non-Executive Chairman since 31 March 2005, was redesignated as Executive Director on 13 March 2008. He graduated with a M.B.B.S Degree from National University of Singapore in 1975 and attained M.R.C.P. from the UK Royal College of Physicians, United Kingdom, in 1977.
Dato' Sri Dr Tiong is an Executive Director of Media Chinese International Limited, a publicly listed media company in both Hong Kong and Malaysia, which publishes 5 Chineselanguage newspapers with a total daily circulation of over 1 million copies and over 30 magazines in key cities in North America, Southeast Asia, and China. He also sits on the board of Jaya Tiasa Holdings Berhad, a publicly listed timber and oil palm plantation company in Malaysia.
MR CHANG CHENG-HSING FRANCIS was appointed as Group CEO and Executive Director effective 1 January 2014. Previously, Mr Chang held the position of Vice President of Exploration & Production of the Group. Prior to RH Petrogas, he also held management and executive positions with GNT International Group, Texas American Resources and Kerr McGee/Anadarko Petroleum. Mr Chang's 35 years' experience with US based major and independent oil companies spans many producing basins in five continents.
Mr Chang holds a Bachelor of Science degree in Geology from National Taiwan University. He also attended graduate school in Geophysics at Harvard University majoring in Geophysics. He is a member of AAPG, SEAPEX, and IPA.
MR PETER NG CHOONG JOO was appointed as an Executive Director of the Company in May 2012. He holds a Master Business Administration (MBA) from Heriot-Watt University, Edinburgh and is also an Associate of The Chartered Institute of Bankers (ACIB) London. He joined Rimbunan Hijau Group in 2003 and has been appointed as an Executive Director of Tiong Toh Siong Holdings Sdn. Bhd., the main holding company for Rimbunan Hijau Group's of companies.
Mr Ng started his early career in Bank Negara Malaysia, Bank Utama (Malaysia) Berhad and Utama Wardly Merchant Bank Berhad. He also holds directorships in Rimbunan Petrogas Limited, RH Insurance Ltd, Qinzhou Development (Hong Kong) Limited, Rimbunan Hijau China Investment Inc. and Qinzhou Development (Malaysia) Consortium Sdn. Bhd. Mr Ng is also a director of Kina Securities Limited, Kina Finance Limited, and PNG Home Finance Company Limited in Papua New Guinea.
Mr Ng has been involved in various financial services like Central Banking, Commercial Banking, Investment Banking and Corporate Finance related activities like listing, mergers and acquisitions, equity restructuring and raising funds in the capital markets and Financial Institutions. While in Bank Utama, he was also the Chairman of the Risk Management Committee and Head of Treasury and International Banking.
MR ABBASBHOY HAIDER NAKHODA was appointed as an Independent Director on 17 June 1997. He is also the Chairman of the Audit Committee and a member of the Nominating and Remuneration Committees. Mr Nakhoda has had more than 35 years of experience as a Certified Public Accountant, having been a partner of Ernst & Young since 1974 and its Managing Partner from 1989 until his retirement in 1996.
He holds a degree in Economics from the London School of Economics and is presently a Fellow member of the Singapore Institute of Directors, a Life member of the Institute of Singapore Chartered Accountants and a Fellow member of the Institute of Chartered Accountants in England and Wales.
MR YEO YUN SENG BERNARD was appointed as an Independent Director on 1 November 2001. He is also the Chairman of the Remuneration Committee and a member of the Audit and Nominating Committees. Currently Mr Yeo is the principal partner of HT & BY Financial Management Consultants. Mr Yeo is an Independent Director of Sin Heng Heavy Machinery Limited, a Singapore listed company and Chairman of its Audit Committee and member of its Remuneration Committee. He was appointed as an Independent Director of MFS Technology Ltd on 1 August 2013 and is the Chairman of its Audit Committee and member of its Remuneration Committee and Nomination Committee. Also, Mr Yeo was appointed as Independent director of UE E&C Ltd on 1 July 2014 and is a member of the Audit Committee.
Mr Yeo is a director of SHRI Academy Pte Ltd and SHRI Corporation Pte Ltd. He is a fellow of SHRI and a fellow member of ACCA and was until 1 March 2011, a council member of SHRI. An accountant by profession, he was Director of Finance and Strategic Investment at Compaq Computers Asia Pacific Pte Ltd.
MR LEE HOCK LYE was appointed as an Independent Director on 27 November 2003. He is Chairman of the Nominating Committee and a member of the Audit and Remuneration Committees. He is also Business Advisor at Lombard Odier (Singapore) Ltd. Mr Lee has extensive experience in banking and finance and he had held several senior positions with HSBC Group in Singapore, where he spent more than 30 years prior to his retirement.
Mr Lee holds a Bachelor of Social Sciences (Honours) degree in Economics from the University of Singapore and is an Associate of the Chartered Institute of Bankers, London.
MR ACHMAD LUKMAN KARTANEGARA was appointed as an Independent Director on 22 August 2014. He is also a member of the Nominating Committee and a member of the Audit Committee.
Mr Kartanegara has more than 30 years of experience in the upstream oil and gas industry. In the past 10 years, he was with PT Pertamina (Persero) ("Pertamina") in various management and advisory roles, including Corporate Senior Advisor to the President Director and CEO of Pertamina for the upstream business. Currently he is a Risk Management Oversight Committee Member with the Board of Commissioners Office of Pertamina.
Mr Kartanegara graduated in Geology from the Bandung Institute of Technology in Indonesia in 1976.