Ramba Energy Sees Lemang Project as a Game Changer for Firm

Article title
Development of the Lemang field in South Sumatra is envisaged to be a game changer for the Indonesia-focused oil and gas exploration and production firm.

Ramba Energy’s ambition to become a significant oil and gas producer in Indonesia hinges on the Lemang production sharing contract (PSC) in South Sumatra, which when fully developed will be viewed as a game changer by the Singapore-listed company.

The firm, whose oil and gas (O&G) segment accounted for only 8 percent of the total turnover of $60.4 million (SGD 76 million) in fiscal year (FY) 2013, as compared to 87 percent for its logistics business, ventured into the energy sector in 2008. The company has diversified its logistical business to support the oil, gas, petrochemical and chemical logistics sectors.

Choice of Indonesia for Upstream Investment

Ramba Energy chose to invest in Indonesia’s upstream oil and gas sector as there are lots of “opportunities both onshore and offshore … [with] plenty of basins still undrilled or are drilled but with no discoveries yet,” Daniel Jol, commercial director at Ramba Energy told Rigzone.

Article title
Daniel Jol, Ramba Energy’s commercial director
Source: Ramba Energy


123456

View Full Article

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE

More from this Author
Chee Yew Cheang
APAC Editor | Rigzone
 -  Malaysia's InvestKL Woos Top Oil, Gas ... (Oct 6)
 -  Petrobangla Invites EOIs for 3 Offshor... (Sep 30)
 -  Malaysia's SapuraKencana Posts 7.1% Ga... (Sep 29)
 -  TH Heavy Engineering, McDermott End Pa... (Sep 26)
 -  Singapore's NUS Slowly Builds its Petr... (Sep 26)


Most Popular Articles

From the Career Center
Jobs that may interest you
Principal Financial Analyst-DIRECT
Expertise: Accounting|Financial Analyst
Location: Houston, TX
 
Sr. Project Manager
Expertise: Project Engineer|Project Management
Location: Odessa, 
 
Administrative Assistant IV
Expertise: Executive|Secretarial or Administrative
Location: Houston, TX
 
search for more jobs

Brent Crude Oil : $50.97/BBL 1.53%
Light Crude Oil : $48.75/BBL 1.79%
Natural Gas : $2.92/MMBtu 0.68%
Updated in last 24 hours