GSS investing US$5m in Ramba project

Singapore

GSS ENERGY is investing US$5 million in Ramba Energy to participate in the latter's exploration programme at the West Jambi block in Sumatra, Indonesia - where two onshore wells are expected to be drilled from the second half of this year.

This marks an expansion of GSS's existing operations in Central & East Java into Sumatra, which will enhance the group's overall growth potential, said GSS in an announcement.