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Oil Capital
EPIC: SK3
Market: SGX
Sector: Energy
Website: krisenergy.com

KrisEnergy Ltd., an independent upstream company, focuses on the exploration, development, and production of oil and gas in Southeast Asia. The company holds working interests in four producing oil and/or gas fields, including three oil and/or gas fields in the Gulf of Thailand and one oil and/or gas field in onshore Bangladesh. It also participates in 13 blocks in various stages of...

KrisEnergy

krisenergy.com

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Big picture - Why invest in KrisEnergy

KrisEnergy Snapshot

KrisEnergy holds interests in 14 licences in Bangladesh, Cambodia, Indonesia, Thailand and Vietnam covering a gross acreage of approximately 41,129 sq. km. We operate nine of the contract areas.

Our portfolio contains two producing assets: the B8/32 and Wassana oil and gas fields in the Gulf of Thailand, and the onshore Bangora gas field in Block 9 in Bangladesh. Ten contract areas contain a combination of development projects, appraisal targets and exploration prospects. The B9A fields in the Gulf of Thailand ceased production in 2017 and abandonment measures are underway before the licence is relinquished.

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.

 

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.

 

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).

 

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.

 

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.

 

James Parkin
Chief Operating Officer

James joined KrisEnergy in 2009. He has more than 38 years of experience in the upstream oil and gas sector of which he has spent over 30 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.

 

Michael Whibley
VP Technical

Mike joined KrisEnergy when the company was established in 2009. He is a geologist with over 35 years of management, operational and interpretive experience in E&P projects and new business development. He has been based in Asia for the last 25 years.

 

His prior exploration, country manager and technical roles were with Mubadala, Hess, 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).

 

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. He is also the Chairman and Committee member of the Asia Pacific Scoutcheck (APSC)

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.

 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.

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

 

Cambodia branch office

No. 28, Street 310, Sangkat Boeung

Keng Kang 1, Khan Chamcar Monn,

Phnom Penh, P.O. Box 1619

Tel: +855 23 726 530

Fax: +855 23 726 532

 

Bangladesh branch office

Tel: +88 02 5505 2045

Fax: +88 02 5505 1893

Indonesia

KrisEnergy Ltd.

Talavera Office Park, 3rd Floor

Jln. Letjen. TB. Simatupang,

Kav. 22-26, Cilandak

Jakarta 12430

Tel : +62 21 2934 2700

Fax : +62 21 2934 2710

 

Thailand

KrisEnergy (Gulf of Thailand) Ltd.

7F Athenee Tower, No. 63 Wireless Road

Lumpini, Pathumwan

Bangkok 10330

Tel : +66 2 309 5799

Fax : +66 2 309 5798

 

Vietnam

KrisEnergy Ltd.

18F, Bitexco Financial Tower

No. 2, Hai Trieu St., Dist. 1,

Ho Chi Minh City

Tel: +84 8 39156009

Fax: +84 8 39156008

 

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