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Oil Capital
EPIC: SK3
Market: SGX
Sector: Energy

KrisEnergy is an independent upstream company focused on the exploration, development and production of oil and gas in the basins of Southeast Asia. We were established in 2009 with the goal to build a sustainable Asian oil company with a diverse multi-asset portfolio. Our strategy is to acquire contract areas in countries and basins where our technical teams have extensive knowledge and...

KrisEnergy

www.krisenergy.com

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Big picture - Why invest in KrisEnergy

KrisEnergy Snapshot

KrisEnergy holds interests in 19 licences in Bangladesh, Cambodia, Indonesia, Thailand and Vietnam covering a gross acreage of approximately 62,293 sq. km. We operate 13 of the contract areas.

Our portfolio contains five producing assets: the B8/32, B9A, Wassana and Nong Yao oil fields in the Gulf of Thailand, and the onshore Bangora gas field in Block 9 in Bangladesh. The other 14 contract areas contain a combination of development projects, appraisal targets and exploration prospects.
The founders of KrisEnergy have established a reputation for sound business practices and technical success and have attracted highly experienced individuals to join key roles in the core management and technical teams.

Our geoscientists, engineers and operations specialists each have at least 20 years of experience in the upstream oil and gas industry in Southeast Asia and have a successful track record across every facet of the exploration and production (E&P) life cycle. Through our experience and regional focus, we have firmly established relationships with national governments, service providers and other E&P companies in Southeast Asia.

We continuously review opportunities for growth and seek to acquire, as operator, grassroots exploration blocks, undeveloped discoveries and producing assets. We also undertake farm-in agreements, where our technical and operational experience will add value. Transactions may be asset based or corporate.

Overview

KrisEnergy's focus area runs from the Surma Basin in Bangladesh in the west to the Papuan Basin in the east, and from offshore southern China in the north to Indonesia in the south. Our activities include all facets of exploration, appraisal, development and production, from identifying potential prospects to discovery and commercialisation.
Our current portfolio comprises interests in five producing assets (B8/32, B9A, G10/48 and G11/48 oil and gas fields in the Gulf of Thailand and the Bangora gas field in Block 9, onshore Bangladesh), two oil development projects (G6/48 in the Gulf of Thailand and Block A offshore Cambodia), two gas developments in Indonesia (Bulu PSC offshore East Java and Block A Aceh onshore Sumatra), and 10 exploration/appraisal blocks in Bangladesh, Indonesia, Thailand and Vietnam.

Under the terms of the licences for the contract areas, the company holds various rights to explore for, develop and/or extract oil and gas resources in a specifically demarcated area under agreement with the respective governments or the regulatory bodies.

Each project is unique but will encompass a combination of key stages:

Pre-Exploration

Our business development team will work up exploration concepts in areas where we have detailed knowledge. When a target area is identified, we will acquire and interpret existing data including seismic, other geophysical or geological data, and carry out geological fieldwork. If the results are positive, we will seek to acquire an exploration licence from either the host government or the entity holding the existing rights to the contract area.

Exploration

On acquisition of an exploration licence, we will gather and interpret further data to plan an exploratory drilling program to assess potential reserves. At this stage, we may seek to mitigate risk and defray costs by farming out to third parties all or a portion of the exploration drilling costs.

Development

Once an oil or gas discovery is made, we will acquire and interpret further information in order to formulate an appraisal drilling program to assess the outer parameters of the reserves and determine the economic viability of the discovery. If appraisal drilling is successful, we will employ an independent consulting firm to certify the reserves and that assessment will be used to prepare a plan of development. Once the plan is approved, we will drill development wells and construct the facilities required for production to commence

Production

Once production has commenced, we will maintain the field and make every attempt to extract oil or gas as efficiently as possible. This may include re-entry of wells to repair production equipment, the drilling of closely spaced wells and the close monitoring of reservoir/production performance.

For more information on individual projects please click here

Kelvin Tang
Executive Director, Chief Executive Officer & President Cambodia

Kelvin joined KrisEnergy when the company was established in 2009 as Vice President Legal and Joint Company Secretary. He was appointed President of KrisEnergy's Cambodian subsidiary in 2014 and negotiated with the Government of Cambodia the final petroleum agreement for the Block A Apsara oil development, the Kingdom’s first upstream development.

Kelvin became Chief Operating Officer of the KrisEnergy Group on 1 March 2017 and took over as Chief Executive Officer on 1 September 2017.

Prior to KrisEnergy, Kelvin was General Counsel for Aabar Investments PJSC based in Abu Dhabi following Aabar’s acquisition and subsequent divestment of Pearl Energy, where he was General Counsel and Company Secretary between 2005 and 2008.

Between 2003 and 2004, Kelvin was a Legal Associate at Wong Partnership LLP and Clifford Chance Wong (a joint law venture between Wong Partnership LLP and Clifford Chance Wong Pte. Ltd.). He began his career as a Legal Associate in the Technology Practice Group of Rajah & Tann LLP and went on to be an Associate Director (Legal) at Temasek Holdings Pte Ltd.

Kelvin graduated with a Bachelor of Law from the National University of Singapore and is an Advocate and Solicitor of the Supreme Court of Singapore. He is also a member of the Association of International Petroleum Negotiators.

 

Kiran Raj
CFO and VP Finance

 

Kiran is a qualified Chartered Accountant with the Institute of Chartered Accountants in Australia. He commenced his career nearly 20 years ago as a business analyst for a mid-sized Australian aerospace firm before joining the Corporate and Business Services division of the international chartered accounting firm, Moore Stephens, in 1996, where he completed his professional year and attained his Chartered Accounting qualification.

 

Kiran moved to Singapore in 2000 and joined CLSA Asia-Pacific Markets, where he led CLSA’s Southeast Asia’s investment banking execution business, was the Director of Investment Banking and a member of the board of directors of CLSA Merchant Bankers Limited, the CLSA entity regulated by the Monetary Authority of Singapore.

 

Prior to joining KrisEnergy, Kiran was the founder and Chief Executive Officer of Brighton Capital Advisors, a corporate finance firm established in Singapore with a primary focus on the oil and gas sector. During his career, Kiran has been responsible for the origination and execution of over 130 equity, equity-linked, M&A, restructuring and valuation transactions in the Asia-Pacific region with an estimated aggregate transaction value in excess of US$11 billion. Kiran has developed expertise within the oil and gas sector and has advised numerous independent and internationally recognised upstream companies throughout his career.

 

James Parkin
VP Exploration

James joined KrisEnergy in 2009. He has more than 30 years of experience in the upstream oil and gas sector of which he has spent over 25 years in Southeast Asia. During this period, James was involved in the gas fields of South Sumatra, the carbonate oil fields of Salawati/Irian Jaya, the discovery of the Ujung Pangkah gas field in East Java, and the development of the Jasmine oil field in the Gulf of Thailand.

 

James held the position of Vice President Exploration, Southeast Asia at Pearl Energy between 2003 and 2008 and Regional Vice President Southeast Asia from 2008 to 2009. He began his career in 1979 as a Mudlogger, later becoming a Wellsite Geologist with Exploration Logging International. From 1986 until 1990, he worked at British Gas as an Operations Geologist. In 1990, he moved to Indonesia as Senior Geologist with Petromer Trend and later became a Senior Exploration Geologist with Union Texas Petroleum and Far East Exploration Co. Ltd. He was also a Senior Geologist and Team Leader East Java at Gulf Indonesia/Conoco/ConocoPhillips.

 

He has a Bachelor of Science (Hons) in Geology from the University of Sheffield and a Master of Science in Petroleum Geology from Imperial College, University of London. James is a member of the South East Asia Petroleum Exploration Society, the Indonesian Petroleum Association and the Petroleum Exploration Society of Great Britain.

 
Brian Helyer
VP Operations

Brian has worked in the offshore oil and gas industry for over 30 years covering all aspects of project management for facilities construction, operations, maintenance and commissioning.

He joined KrisEnergy in March 2010 as VP Operations and is also responsible for the writing and implementation of Environmental Health Safety and Security policy across the group.

Prior to joining KrisEnergy, Brian was the Project and Operations Director for Songa Floating Production, responsible for the conversion and class approval of the floating production, storage and offloading vessel, FPSO East Fortune. Between 2003 and 2007, he worked for Petrofac Energy Developments in various roles such as Production Manager, Business Development Manager and Project Manager in Indonesia, Malaysia, United Kingdom and Tunisia. From 1999 until 2005, Brian was Field Operations Manager at the Kakap oil field in the South China Sea for Gulf Resources (Indonesia). He also spent 14 years with Marathon Oil in various roles in the United Kingdom and Indonesia.

 

Brian has attained the National Examination Board in Occupational Safety and Health (NEBOSH) professional safety accreditation and is a member of the International Institute of Risk Management (IIRM) and the Institute of Occupational Safety and Health (IOSH).

 

Tim Kelly
VP Engineering

Tim joined KrisEnergy in 2009 as VP Engineering. He has more than 30 years of experience in the upstream oil industry with the last 25 years spent in Southeast Asia, during which time he has been involved in the appraisal and development of new fields and the reservoir and production management of mature fields.

He was Corporate Petroleum Engineering Manager at Pearl Energy between 2003 and 2009 in Singapore and was involved in projects in Indonesia, Philippines, Thailand and Vietnam. Between 1989 and 2003, Tim was based in Jakarta as Engineering Manager with Marathon Oil, Clyde Petroleum and Gulf Indonesia, and as DST Specialist with ExxonMobil. He began his career in 1981 with Phillips Petroleum as a Drilling & Reservoir Engineer working in the United States and Singapore.

Tim holds a Bachelor of Science in Petroleum Engineering from the Colorado School of Mines. He is a member of the Society of Petroleum Engineers and the South East Asia Petroleum Exploration Society.

 

Michael Whibley
VP Technical

Mike, a geologist, has over 30 years of management, operational and interpretive experience in exploration and development projects and new business development. He has been based in Asia for the last 19 years, most recently as an Advisor with Pearl Energy.

His prior exploration, country manager and technical roles were with Amerada Hess, Santa Fe Energy/Devon Energy/PetroChina, Santos and Apache Energy in Southeast Asia, and Occidental Petroleum and Phillips Petroleum in Australia.

Mike's experience is predominantly throughout Asia (Indonesia, Thailand, Indochina and South Asia) and Australasia (Papua New Guinea, Timor Sea, North West Shelf). His most notable recent ''hands-on'' appraisal-development projects have been the carbonate fields of Mudi, Sukowati and Ujung Pangkah in East Java, and the Bentu-Segat-Seng gas fields in Central Sumatra.

Mike graduated from the University of Western Australia with a Bachelor of Science (Hons) in Geology and is a member of the Indonesian Petroleum Association, South East Asian Exploration Society and the American Association of Petroleum Geologists

 

Chris Wilson
VP Commercial

Chris joined KrisEnergy in 2009 and is a strategist responsible for the origination and execution of corporate and asset acquisitions for the group and in particular the valuation of  business opportunities.

Between 2003 and 2009, he was the in-house Financial Advisor for Pearl Energy, working on all aspects of fundraising and acquisition opportunity evaluation, including reserves-based lending facilities, pre-IPO private equity placements, the company’s initial public listing in 2005 and all key asset acquisitions.

In 2002, he was a consultant with Asian Development Bank and from 1997 until 2001, Chris was Assistant Vice President in the Project Finance Group of ABN AMRO in Singapore focusing initially on project advisory transactions in the power sector and later moving into lending and advisory in the oil and gas sector. Chris began his career in Asia as a private equity analyst for Chase Capital Partners in Hong Kong before moving to Singapore to take up the role of Assistant Vice President in the Risk Asset Management Group.

He holds a Master of Arts (China Studies) from the Paul H. Nitze School of Advanced International Studies in Washington D.C., and a Bachelor of Arts (International Relations) from John Hopkins University, Baltimore in Maryland, in the United States. He is a member of the Association of International Petroleum Negotiators and the South East Asia Petroleum Exploration Society.

 

 

Sally Ting
General Counsel

Sally joined KrisEnergy in 2015 and is responsible for the legal and regulatory functions of the company. She has more than 18 years of legal and oil and gas experience in the Asia-Pacific Region.

Sally started her career in Australian firm, Mallesons in (now King & Wood Mallesons), in 1999 and stayed until 2002. She moved to Singapore in 2002 and joined Coudert Brothers LLP from 2002 until 2005 in their corporate practice. From 2005 until 2007, she was an associate with Milbank Tweed Hadley McCloy in Singapore where she advised on a number of corporate transactions in the oil and gas sector across Southeast Asia. 

In 2007, Sally joined Salamander Energy (now Ophir Energy) as Regional Counsel where she was responsible for the legal and regulatory function of the company in the Southeast Asia region. 

She holds a Bachelor of Science degree and a Bachelor of Law degree (First Class Honours and University Medal) from the University of Queensland. She is also a member of the Association of International Petroleum Negotiators.

The shareholders are:

First Reserve

Keppel Corporation

 

To find out more information please click here

 

 

Registered Office

KrisEnergy Ltd.

190 Elgin Avenue,

George Town

Grand Cayman, KY1-9005,

Cayman Islands

 

Singapore

KrisEnergy Ltd.

83 Clemenceau Avenue,

#10–05 UE Square,

Singapore 239920

Tel: +65 6838 5430

Fax: +65 6538 3622

 

For all other addresses please click here

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