The Business Times
business-time-50
SUBSCRIBERS

GSS Energy strikes oil, to start production next year

google-preferred-sourceAdd BT as a preferred source
Published Wed, Dec 13, 2017 · 09:50 PM

DeeperDive is a beta AI feature. Refer to full articles for the facts.

Singapore

GSS Energy, a precision engineering firm newly venturing into oil exploration, has struck oil and gas in the Trembul field in Indonesia.

The group hopes, through its subsidiary, to produce some 200 barrels of oil per day (bpd) by the third quarter of next year, and to start gas production by the fourth quarter of 2018.

GSS Energy

Copyright SPH Media. All rights reserved.

Reuse this contentFeedback

TRENDING NOW

The yen weakened to a low of 125.33 yen per Singdollar on April 13, before recovering slightly to about 124.91 on April 15.

Singaporeans can now buy record amount of yen per Singdollar

Chinese Foreign Minister Wang Yi stopped short of explicitly naming the US or Israel as aggressors, a telling omission from a country that otherwise speaks with little diplomatic timidity.

Beijing’s calculated silence on the Iran war 

Malaysia Madani, or Civil Malaysia, is Prime Minister Anwar Ibrahim's slogan encapsulating positive values (such as humanity and strong governance) that would shape policy direction. But the "corporate mafia" claims have now cast the spotlight on governance credibility.

From 1MDB to ‘corporate mafia’: Is Malaysia facing a new governance test?

Malaysia ranks 23rd globally on the Milken Institute’s global opportunity index.

South-east Asian markets account for 8.8% of global capital inflows from 2021 to 2024: report

Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
View More