Petra Energy Bhd 2020 AR2
The report highlights Petra Energy Berhad's performance and strategic progress for the fiscal year 2020. A key milestone was achieving operator status under a Technical Services Agreement with PETRONAS to operate the Banang oilfield. Despite challenges from the COVID-19 pandemic, the company maintained a strong balance sheet with increased cash balances and a negative net gearing ratio. In terms of safety, the group recorded a Lost Time Injury Frequency rate of 0.275 across over 3.7 million manhours. Additionally, the company attained ISO 45001:2018 and ISO 14001:2015 certifications, reflecting its commitment to occupational health, safety, and environmental management.
Company: Petra Energy Bhd
Sector: Mining & quarrying
Country: Malaysia
Year: 2020
Type: AR2
Pages: 50
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Petra Energy Bhd
Annual Report
The report highlights Petra Energy Berhad's performance and strategic progress for the fiscal year 2020. A key milestone was achieving operator status under a Technical Services Agreement with PETRONAS to operate the Banang oilfield. Despite challenges from the COVID-19 pandemic, the company maintained a strong balance sheet with increased cash balances and a negative net gearing ratio. In terms of safety, the group recorded a Lost Time Injury Frequency rate of 0.275 across over 3.7 million manhours. Additionally, the company attained ISO 45001:2018 and ISO 14001:2015 certifications, reflecting its commitment to occupational health, safety, and environmental management.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Published
Apr 1, 2021
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
No data available