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History

Our Journey

Highlights of our 35 years growth journey from a drilling company to become one of the leading oil and gas company in Indonesia.

Latest Update

2015 Friday, 05/06/2015 Signed a gas supply agreement for Block A PSC gas with Pertamina with the agreed gas price of US$ 9.45/MMBTU; Received an additional 25 years of operation in Karim Small Fields, Oman
2014 Friday, 02/01/2015 Acquired eight oil and gas working areas in Tunisia, through an acquisition of Storm Venture International (Barbados) Ltd.
2013 Tuesday, 01/01/2013 Secured project financing for Senoro for US$ 260 million; Completion asset swap with Salamander for Bangkanai with Simenggaris and Bengara.
2012 Friday, 28/12/2012 Acquired Malik Block 9, Yemen; Maiden shipment of 38,000 tons of coal; PROPER Gold for Rimau Block for two consecutive years
2011 Friday, 30/12/2011 Received commerciality approval for Area 47, Libya
2010 Thursday, 30/12/2010 Secured operatorship in Libya and made three discoveries; 20 years extension for South & Central Sumatra, Block A, Bawean Blocks, Indonesia
2009 Wednesday, 30/12/2009 Signed LNG Sales Agreement with buyers from Japan and Korea
2008 Tuesday, 30/12/2008 Acquired Block 82 and 83, Yemen
2007 Thursday, 27/12/2007 Discovered reserves of 352 MMBOE in Area 47, Libya
2006 Thursday, 28/12/2006 Awarded E&P Service Agreement of Karim Small Fields, Oman
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