RH PetroGas Ltd 2020 AR2
The report highlights RH PetroGas Limited's performance and strategic resilience during the challenging year of 2020, marked by the COVID-19 pandemic and depressed oil prices. Despite these headwinds, the company successfully secured two new 20-year production sharing contracts (PSCs) in Indonesia, namely the Salawati PSC and Kepala Burung PSC, where it holds a majority 70% working interest and acts as the operator. Financially, the Group recorded a revenue of US$50.5 million and maintained a positive EBITDAX of US$6.7 million through rigorous cost-cutting and cash preservation measures. On the sustainability front, the company prioritized employee health with strict COVID-19 protocols and continued its community support programs, including educational assistance and stunting prevention workshops in West Papua.
Company: RH PetroGas Ltd
Sector: Mining & quarrying
Country: Singapore
Year: 2020
Type: AR2
Pages: 126
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RH PetroGas Ltd
Annual Report
The report highlights RH PetroGas Limited's performance and strategic resilience during the challenging year of 2020, marked by the COVID-19 pandemic and depressed oil prices. Despite these headwinds, the company successfully secured two new 20-year production sharing contracts (PSCs) in Indonesia, namely the Salawati PSC and Kepala Burung PSC, where it holds a majority 70% working interest and acts as the operator. Financially, the Group recorded a revenue of US$50.5 million and maintained a positive EBITDAX of US$6.7 million through rigorous cost-cutting and cash preservation measures. On the sustainability front, the company prioritized employee health with strict COVID-19 protocols and continued its community support programs, including educational assistance and stunting prevention workshops in West Papua.
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Document Details
Report Year
2020
Reporting Period
Jan 1, 2020 - Dec 31, 2020
Fiscal Year
2020
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Reporting Standards
Materiality Assessment
ESG Data?Experimental: AI-extracted data, may contain inaccuracies
No data available