Ramba Energy entered the energy sector in 2008 with the goal of becoming a significant oil and gas exploration and production company in Indonesia. Now, shortly after embarking on this journey, the company has a growing portfolio of oil and natural gas assets in Indonesia and is already seeing the benefits of its actions.
Ramba’s assets are low-risk and low-cost; located in already-proven basins in South Sumatra and West Java, both regions with existing oil and gas production. The Company's strategy is to continue to grow in Indonesia through the acquisition and development of low-risk, onshore assets.
Just two years after venturing into oil and gas exploration, the company recorded its first profits from its onshore blocks, obtaining S$5.2 million in revenue from its asset in West Java, Indonesia. The company expects these profits to increase significantly as the company moves forward with its upcoming work program.
Headquartered in Singapore with assets strategically located in Indonesia, Ramba Energy is well-positioned to grow alongside both countries and become an energy producer for the future. |