RH Petrogas Strikes Oil in Indonesia

RH Petrogas Limited (SG:T13) has released an update.

RH Petrogas Limited has announced a successful oil flow from the Piarawi-1 well in Indonesia, with production expected to start by the end of 2024, initially yielding 100 to 200 barrels per day. The well’s success marks the first significant production increase under the Salawati PSC since 2020. The company, poised to become a leading energy firm in ASEAN, is also preparing to refine its exploration strategies further.

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