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RH Petrogas Limited ( (SG:T13) ) just unveiled an update.
RH Petrogas has begun the pre-flush injection stage of a chemical enhanced oil recovery pilot project at the mature Walio field in Indonesia’s Kepala Burung PSC, marking the first operational phase of a 30- to 35‑month programme to test the technical viability of surfactant-polymer injection to improve recovery from the long-producing Kais carbonate reservoir. The pilot, implemented through a dedicated injector and four producer wells supported by new surface facilities, forms part of the group’s firm work commitments and, if successful, could underpin a wider full‑field deployment of chemical EOR across the Walio area, potentially unlocking additional reserves and strengthening the company’s long-term production profile from its Indonesian core assets.
More about RH Petrogas Limited
RH Petrogas Limited is an independent upstream oil and gas company headquartered in Singapore and listed on the mainboard of the Singapore Stock Exchange. The group is engaged in the exploration, development and production of oil and gas resources, with a geographic focus on the ASEAN region and a current portfolio centred on two producing assets in Indonesia, as it pursues its ambition to become a leading independent energy player in Southeast Asia.
Average Trading Volume: 1,199,706
Technical Sentiment Signal: Strong Sell
Current Market Cap: S$127.1M
Learn more about T13 stock on TipRanks’ Stock Analysis page.