History

Ping Petroleum is an independent upstream company, focused on shallow water offshore production and development opportunities in North Sea and Malaysia.

  1. June 2021

    DNeX emerges as largest shareholder with completion of its acquisition of additional 60 per cent of Ping, leading DNeX to own 90 per cent equity interest in Ping.


    March 2021

    Relinquishment of Ranger licence


    January 2021

    DNeX and Ping Petroleum entered into a conditional share sale and purchase agreement to acquire an additional 60% of the issued share capital in Ping Petroleum

  2. December 2020

    Awarded 19.33% working interest in partnership with Ithaca, AHUK on Cook west licence in 32nd Seaward Licensing Round


    September 2020

    Obtained remaining 50% working interest and operatorship on Cross licence from Azinor


    June 2020

    Relinquishment of K2 licence


  3. October 2019

    Execute production optimization upgrades on Anasuria Cluster


    August 2019

    Complete 2nd successful infill well on Guillemot Field


    May 2019

    Complete successful infill well on Cook Field

  4. August 2018

    Completed 1st successful infill well on Guillemot Field


    July 2018

    Awarded 50% working interest in partnership with Azinor on Cross licence in UK 30th Bid Round


    July 2018

    Awarded 50% working interest in partnership with Summit on K2 licence in UK 30th Bid Round


    June 2018

    Awarded 50% working interest in partnership with Summit on exploration license in UK 30th Bid Round


    May 2018

    • Anasuria produces over 5 mmbo since Ping acquisition
    • Updated independent reserve audit on Anasuria by GCA. 7% increase in 2P reserves


    April 2018

    Assume operatorship of 50% working interest on Avalon development


  5. October 2017

    Assume operatorship and 100% working interest in Ranger


    August 2017

    Drilled Ranger exploration well


    May 2017

    Drilled successful appraisal well on Avalon oil discovery


    April 2017

    Complete acquisition of 50% working interest in Avalon and 20% working interest in Ranger from Summit Petroleum

  6. August 2016

    Completion of DneX’s acquisition of 30% of Ping Petroleum


    March 2016

    Successful Transfer of Anasuria Operatorship

  7. October 2015

    Open Ping Aberdeen office


    August 2015

    Signing of Anasuria SPA with Shell and Esso

  8. 2012

    Incorporation of Ping Petroleum Limited July 2012. Open Ping office in Kuala Lumpur