History

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


 

July 2017
Drilled 2 wells in Avalon and Ranger


 

March 2016
Successful Transfer of Anasuria Operatorship

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April 2017
Completion of acquisition of 50% working interest in Avalon and 20% working interest in Ranger from Summit Petroleum

August 2016
Completion of DNeX’s acquisition of 30% of Ping Petroleum

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August 2015
Signing of Anasuria SPA with Shell and Esso

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Ping Petroleum Limited was incorporated in Bermuda in 2012 with operating offices in Kuala Lumpur (Malaysia) and Aberdeen (United Kingdom). We are a private company with a Malaysian publicly listed company, DNeX, as our largest shareholder. We are an independent upstream company, focused on shallow water offshore production, development and exploration opportunities in Malaysia and the North Sea.

Ping Petroleum is a licensed operator in UK North Sea and operates the Anasuria Cluster via Anasuria Operating Company, a joint operating company with Hibiscus Petroleum Bhd. Anasuria Cluster was a successful transaction completion with oil majors Shell and Exxon and subsequently we have completed other transactions with established upstream companies like Summit Exploration & Production Limited, a subsidiary of Sumitomo.

Our team has over 100 years of combined experience with exceptional track record and expertise in creating value in maturing basins; complemented by access to international offshore experience specifically from the Gulf of Mexico, North Sea and South East Asia. The company’s key members have a successful track record in completing sizable transactions with major companies that has led to dramatic field development efforts and value creation for both the partners and host government. This has all been achieved with an outstanding historical HSE performance in these assets. Our extensive experiences at a glance…