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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

Jeffrey S. MacDonald - Interim Chief Executive Officer

Jeff joined the Board of Directors of KrisEnergy at its inception in 2009. He was appointed Interim Chief Executive Officer on 1 July 2016. 

Jeff was previously a Managing Director with First Reserve based in London, with responsibilities for investment origination, structuring, execution, monitoring and exit strategy, with particular emphasis on the oil and gas reserves sector.

Prior to joining First Reserve, Jeff was a founder and Chief Executive Officer at Caledonia Oil and Gas Limited, a UK independent E&P company, and before Caledonia, he was a founding member and Managing Director at Highland Energy Limited. Before joining Highland, he was the Managing Director and Chairman of Blackwatch Petroleum Services Ltd, an international E&P consultancy.

Earlier experiences include Managing Director at Production Testing Services, primarily managing Russia and the Middle East, and as an engineer and project manager with Conoco Inc. in London, Dubai and Houston.

Jeff holds a Bachelor of Science (Hons) in Civil Engineering from Glasgow University

Chris Gibson-Robinson - Director Exploration & Production

A founding director of KrisEnergy, Chris was a co–founder of Pearl Energy and was responsible for all technical aspects of the group's exploration and production as well as for strategic planning.

Chris is a petroleum geologist with more than 35 years of experience, largely in Asia, but also in the Middle East, Africa and South America. Following the acquisition of Pearl Energy by Aabar Petroleum Investment Company PJSC in 2006, he assumed the roles of Vice President Operations and Vice President New Ventures (Southeast Asia), and was a member of Aabar's Senior Executive Team until 2008 when Pearl Energy was acquired by Mubadala Development Company PJSC.

Richard Lorentz - Director Business Development

A founding director of KrisEnergy, Richard was a co-founder of Pearl Energy and was responsible for the strategic development of the group's worldwide portfolio.

Following the acquisition of Pearl Energy by Aabar Petroleum Investment Company PJSC, Richard assumed the role of Vice President New Ventures & Corporate Relations and was a member of Aabar's Senior Executive Team until 2008 when Pearl Energy was acquired by Mubadala Development Company PJSC.

He is a petroleum geologist with more than 30 years of experience in the oil and gas industry. Previous key positions include Manager of New Business Development for Elf Aquitaine in Singapore, New Ventures & Exploration Manager for Gulf Indonesia and Senior Production Geologist for Asamera (South Sumatra) Ltd. He has also worked for Oriental Petroleum & Minerals in the Philippines, Funk Exploration Inc. in the United States and Anglo-Suisse (Pakistan) Inc. based in Karachi.

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.

Kelvin Tang - President Cambodia & VP Legal

Kelvin joined KrisEnergy in 2009 and is President Cambodia and also VP Legal for the KrisEnergy group, responsible for the legal and regulatory functions of the company. Prior to KrisEnergy, he was General Counsel for Aabar Investments based in Abu Dhabi having held the position of General Counsel and Company Secretary for Pearl Energy 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.), an Associate Director (Legal) at Temasek Holdings Pte Ltd (2000-2003) and a Legal Associate in the Technology Practice Group of Rajah & Tann LLP (2000-2002).

He holds 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.

To learn more about the management team click here

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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