KrisEnergy ready for oil volatility

Singapore

OIL and gas firm KrisEnergy is prepared, to a certain extent, for volatility in oil prices by having a mixed portfolio of oil and gas production - with gas usually tied to long term contracts - plus a combination of royalty/tax regime and production sharing contract environment.

Much of the capital expenditure going forward is also not committed under work programmes, giving the firm flexibility in financing the development of oil and gas fields and acquisitions, said its chief financial officer Kiran Raj.