2017
| Corporate and Financial | Operational | |
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Appointed Kelvin Tang, Chief Operating Officer and President of Cambodia operations, as Chief Executive Officer on 1 September 2017 Signed petroleum agreement for Cambodia Block A Apsara oil development Completed financial restructuring process with issue of Zero Coupon Notes with Warrants Relinquished the Kutai PSC in the Makassar Strait Relinquished Block 105 offshore Vietnam |
Completed six-well infill drilling campaign in the non-operated Nong Yao field in G11/48 |
2016
| Corporate and Financial | Operational | |
| Launched a financial restructuring process to extend debt maturities and a preferential offering of zero coupon notes with warrants. Process completed in February 2017 Increased working interest in KrisEnergy-operated Cambodia Block A to 95% Reduced working interest in non-operated Block A Aceh PSC to 15% Relinquished KrisEnergy-operated East Muriah PSC following licence expiry |
Awarded EPC contract for non-operated Block A Aceh gas development Completed development drilling in KrisEnergy-operated Wassana oil field in G10/48 Drilled 16 infill wells in non-operated B8/32 & B9A Drilled four infill wells in non-operated Nong Yao oil field in G11/48 Non-operated Nong Yao C-1 exploration well resulted in a sub-commercial oil discovery |
2015
| Corporate and Financial | Operational | |
| Increased 2014 RCF to US$122 mm in alignment with the increase in 2P reserves associated with secured assets Completed successful renounceable underwritten rights issue and raised net proceeds of S$165.6 mm Reduced G10/48 effective working interest to 89% after farm-out Increased working interest in KrisEnergy-operated Tanjung Aru PSC to 85%. Block renamed to Bala-Balakang PSC Assumed operatorship for Block 105 with 51% working interest |
First oil production from non-operated G11/48 Nong Yao field in June and KrisEnergy-operated G10/48 Wassana field in August Gas sales agreement signed for non-operated Block A Aceh gas development Awarded FEED contract for KrisEnergy-operated Lengo gas field in the Bulu PSC. Geotechnical surveys completed 100% exploration success from four Rossukon wells in G6/48 and one Rayrai well in G10/48; Rossukon PAA approved in November Mustika-1 well in KrisEnergy-operated Sakti PSC encountered sub-commercial gas Acquired 3,446 km 2D and 575 sq. km 3D seismic data |
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2014
| Corporate and Financial | Operational | |
| Repaid US$120 mm 2016 Notes. Established S$500 mm MTN Program, issued 2017 Notes and 2018 Notes Secured US$100 mm RCF with US$40 mm accordion upsize Awarded KrisEnergy-operated Sakti PSC and Block 115/09, and non-operated SS-11 Acquired 41.6666% non-operated working interest in Block A Aceh Acquired additional 75% working interest and operatorship in G10/48 Acquired additional 30% working interest and operatorship in Cambodia Block A, opened Phnom Penh office Reduced G11/48 working interest to 22.5% after Thai participant farm-in |
Awarded EPCIC contract for non-operated G11/48 Nong Yao oil development Declared FID for KrisEnergy-operated G10/48 Wassana oil development Development plan approved for Lengo gas field in KrisEnergy-operated Bulu PSC Drilled 55 development wells in non-operated B8/32 &B9A fields, two wellhead platforms put on stream Mancharee-1 exploration commitment well in KrisEnergy-operated G10/48 showed no significant hydrocarbon zones Rojana-1 exploration commitment well in non-operated G11/48 showed no significant hydrocarbon zones Acquired 2,486 km 2D and 903 sq. km 3D seismic data |
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2013
| Corporate and Financial | Operational | |
| Increased 2016 Notes to US$120 mm and RCF to US$42.5 mm IPO and listing on Singapore Exchange Acquired Tullow Bangladesh resulting in operatorship and 30% working interest in onshore producing Bangora gas field in Block 9 Opened Dhaka office Acquired 30% working interest and operatorship of G6/48 Farmed-out 25% working interest in each of Block 105 and Block 120 and transferred operatorship |
Declared FID for non-operated G11/48 Nong Yao oil development Drilled successful Lengo-2 appraisal well in KrisEnergy-operated Bulu PSC Drilled 57 development wells in non-operated B8/32 & B9A fields KrisEnergy-operated Tayum-1 exploration well in Kutai PSC encountered gas KrisEnergy-operated Cua Lo-1 exploration well in Block 105 and non-operated Ca Ngu-1 exploration well in Block 120 encountered non-commercial gas Non-operated Kambuna gas field ceased production in July Acquired 948 km 2D and 270 sq. km 3D seismic data |
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2012
| Corporate and Financial | Operational | |
| Keppel acquired 20% new KrisEnergy shares for US$115 mm Acquired 50% working interest and operatorship of East Muriah PSC Awarded 100% working interest and operatorship in Udan Emas PSC |
Production area application approved for non-operated G11/48 Nong Yao oil development Drilled 54 development wells in non-operated B8/32 & B9A oil and gas fields Two exploration wells in B8/32 & B9A resulted in sub-commercial discoveries KrisEnergy-operated Nong Yao SW-1 exploration well in G10/48 resulted in non-commercial oil discovery Acquired 1,333 sq. km 3D seismic data |
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2011
| Corporate and Financial | Operational | |
| Issued US$85 mm 2016 Notes and secured US$30 mm RCF Opened Ho Chi Minh City office Acquired 42.5% working interest and operatorship of Bulu PSC Acquired 100% working interest and operatorship of East Seruway PSC Awarded 43% working interest and operatorship in Tanjung Aru PSC Increased working interest in Kutai PSC to 54.6% and assumed operatorship Increased working interest in Block 105 and Block 120 to 50% and assumed operatorship Relinquished Block 06/94, offshore Vietnam |
Drilled 24 development wells in non-operated B8/32 & B9A oil and gas fields, one wellhead platform put on stream One exploration well in B8/32 & B9A complex resulted in hydrocarbon discovery Acquired 491 sq. km 3D seismic data |
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2010
| Corporate and Financial | Operational | |
| Secured US$150 mm M&A facility Opened Bangkok and Jakarta offices Acquired 4.6345% non-operated working interest in B8/32 & B9A oil and gas producing fields Acquired 25% non-operated working interest in producing Kambuna gas field in Glagah-Kambuna TAC Acquired 25% non-operated working interest in Cambodia Block A Acquired 24.6% non-operated working interest in Kutai PSC Acquired 33.33% non-operated working interest in Block 06/94 Acquired 40% non-operated working interest in Block 105 and Block 120 |
Drilled 63 development wells in non-operated B8/32 & B9A oil and gas fields; three wellhead platforms put on stream 13 out of 19 exploration wells resulted in oil and/or gas discoveries: Successful wells - G10/48, G11/48, Cambodia Block A, Kutai PSC Unsuccessful wells: G10/48, G11/48, Block 06/94, Kutai PSC Acquired 5,952 km 2D and 881 sq. km 3D seismic data |
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2009
| Corporate and Financial | Operational | |
| KrisEnergy established with up to US$500 mm equity capital commitment from private equity energy specialists, First Reserve Acquired 25% non-operated working interest in G10/48 Acquired 25% non-operated working interest in G11/48 |
Non-operated Mayura-2 exploration well in G10/48 encounters oil Non-operated Mantana-1 exploration well in G11/48 results in sub-commercial oil and gas discovery |
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