Singapore-based RH Petrogas subsidiary Petrogas (Basin) has taken over the operatorship of the Kepala Burung production sharing contract (Basin PSC) in Indonesia from PetroChina International.
Basin PSC currently produces about 3,700 barrels of oil equivalent a day.
RH Petrogas acquired its interests in the PSC in 2010 and has participated and contributed to the technical evaluation, as well as the block’s operations as a non-operating partner since then.
The operator role will allow the group to further strategise the future plans of the block.
RH Petrogas chief executive officer Francis Chang said: “The Basin PSC is an important asset of the group.
“As operator of the Basin PSC, the group will be in a better position to lead, manage and execute our strategies for the block.”
RH Petrogas owns a 60% working interest in the PSC through two wholly owned subsidiaries PBL and RHP Salawati Basin.
PetroChina and PT Pertamina Hulu Energi Salawati Basin respectively own the other 30% and 10% working interests.
The company also signed a PSC with China National Petroleum and is operating the shallow heavy oil development project in the Fuyu-1 block, which is located onshore China.
It also operates the SK331 block, which covers a large 11,600km² exploration acreage onshore Sarawak in Malaysia.
The group holds an aggregate 33.2% non-operated working interest in Indonesia’s Salawati Kepala Burung (Island) PSC.