Corporate Overview

Corporate Overview


 Ping Petroleum Limited (“Ping”) is an independent upstream company focused in the niche area of late-life oil and gas assets, particularly in brownfield redevelopment of producing fields. Through acquisition of strategic production assets in fiscally transparent locations, we put all our efforts into sustaining energy supply, and pursuing opportunities that help respond to growing demand.

 At Ping, we advocate a strong culture of continuous improvement to extend the life cycle of our oil & gas assets to optimise return on investment for all our stakeholders. Our assets currently include the producing Anasuria cluster, a fully operating oilfield, and three other development blocks in Avalon, Cook West and Cross, all of which are in the North Sea of United Kingdom. Our business focuses on shallow water offshore production and development opportunities in the North Sea and in Malaysia.

 With our team of skilled and experienced personnel, viable asset portfolio and corporate synergies, we are focused on creating value in producing fields and development projects.

 Ping is a 90 per cent-owned subsidiary of Dagang NeXchange Berhad (“DNeX”), a public listed company in Malaysia with pioneering expertise in eServices for Trade Facilitation, System Integration and Consultancy, Technology and Telecommunications. DNeX is also currently making its mark as a reputable player in the oil and gas, and energy sector.