TO BE A GREAT OIL & GAS COMPANY IN INDONESIA
by continually innovating performance of the Company in exploration and production that leads to the growth of the Company to create strong returns for our shareholders, our employees, our partners, our stakeholders and our country, Indonesia
BETTER ENERGY FOR BETTER INDONESIA
BEST PRACTICES TO ENHANCE VALUE OF THE STAKEHOLDERS
|September 27th, 2011,||Trada Petroleum Pte Ltd, the ultimate shareholder of Trada Tebat Agung Ltd, was established in accordance with the law of the Republic of Singapore.|
|May 2012,||Trada Petroleum Pte Ltd received official letter from PT Pertamina (Persero) and PT Pertamina EP to conduct an evaluation and review for Tebat Agung Operating Area.|
|November 2012,||PT Medco Energi Internasional Tbk conferred a letter to give support to Trada Petroleum Pte Ltd for an Operations Cooperation (KSO) PT Pertamina EP for Exploration – Production on Tebat Agung Operating Area, which was then followed by the submission of bid proposal for Operations Cooperation (KSO) PT Pertamina EP for Exploration – Production on Tebat Agung Operating Area by Trada Petroleum Pte Ltd.|
|December 2012,||Trada Petroleum Pte Ltd gave a technical and commercial presentation to PT Pertamina (Persero) and PT Pertamina EP concerning bid proposal of an Operations Cooperation (KSO) PT Pertamina EP for Exploration – Production on Tebat Agung Operating Area.|
|July 2013,||Medco Trada Tebat Agung Ltd was established and fully owned by Trada Petroleum Pte Ltd.|
|August 2013,||PT Medco Energi Internasional Tbk through one of its subsidiaries Medco Energi (BVI) Ltd succesfully bought 60% shares of Trada Petroleum Pte Ltd in Medco Trada Tebat Agung Ltd.|
|July 2015,||Trada Petroleum Pte Ltd acquired 60% of Medco Trada Tebat Agung Ltd shares owned by Medco Energi (BVI) Ltd, a subsidiary company of PT Medco Energi Internasional Tbk.|
|July 2015,||Trada Petroleum Pte Ltd as the new owner of Medco Trada Tebat Agung Ltd (“Company”) which was previously owned by Medco Energi (BVI) Ltd, a subsidiary company of PT Medco Energi Internasional Tbk, changed the name of the Company from Medco Trada Tebat Agung Ltd to Trada Tebat Agung Ltd.|
|January 2016,||Trada Tebat Agung Ltd signed the Operations Cooperation Agreement with PT Pertamina EP for exploration – production at Tebat Agung Operating Area.|
Company believes in the acquisition of 2D Seismic and subsequent high end volume interpretation to de-risk exploration prospects. Company employs a high caliber team of exploration geoscientists with more than 50 years of combined worldwide exploration experience.
The acquisition of 2D Seismic was followed by a full flow volume interpretation workflow, advanced quantitative interpretation and seismic depth imaging to fully utilize the value of the 2D seismic in de-risking subsurface uncertainties.
Company has implemented the strategy to acquire oil and gas blocks by means of acquiring and interpreting 2D and 3D seismic data of North Sumatra Basin, South Sumatra Basin and Salawati Basin.
Company development team comprises of geoscientists and engineers with more than 50 years of collective worldwide experience. The team’s experience covers oil and gas – condensate field appraisals and developments, from conventional light oil to heavy oil field and from sweet gas to high contaminant gas developments.
The Company maintains a fully staffed The Drilling and Operation Department and operates its own drilling.
The Drilling Department currently has drilling engineers experienced in both onshore and offshore drilling.
The current drilling team has more than 30 years of collective experience operating exploration, development and production wells world wide.
The team is also experienced in both carbonate and siliciclastic field developments.
The Company integrated development team is well complemented in all subsurface discipline, from development geoscientists to drilling, reservoir, production and facilities engineers.