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Genting Oil and Gas Limited (“GOGL”)
is an independent oil and gas exploration and production
company founded in 1996. Its head office is based in Kuala Lumpur,
Malaysia, and it has subsidiary offices in Jakarta, Indonesia, and
in Beijing and Xian He, China.
Since its inception, it has
undertaken international oil and gas exploration and production
activities in several countries. GOGL currently operates and
produces oil from the Zhuangxi Buried Hill Oilfield in Shandong,
China via its wholly-owned subsidiary Genting Oil and Gas (China)
Limited (“GOGC”). GOGL via its wholly-owned subsidiary Sanyen Oil
and Gas Limited (“SOGL”) operates the offshore Anambas Production
Sharing Contract (“PSC”) in West Natuna, Indonesia which is in its
first 3-year exploration period. Another wholly-owned subsidiary -
Laila Limited - holds a significant deferred consideration in
relation to future oil or gas production from the Muturi
Production Sharing Contract (“PSC”) in Indonesia. This deferred
consideration represents part of the sale proceeds of selling
Cairns Limited (with its 45% interest in the Muturi PSC) to BP
Global Investments Ltd in July 2001.
GOGL is active in its search for
new international oil and gas exploration, development and
production opportunities that can add value or synergy to parent
company, Genting Berhad, and its industrial arm, Genting Sanyen
(Malaysia) Sdn Bhd. A small team of oil and gas exploration and
production specialists is located in its head office in Kuala
Lumpur, Malaysia and in its subsidiary offices in Beijing and Xian
He, China.
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