Interra Resources Ltd. (5GI)

Overview

Interra Resources Limited is an investment holding company with a primary focus on the exploration and production of crude petroleum. Established in 1973 and headquartered in Singapore, the company plays a significant role in the oil and gas sector through its operations in Indonesia and Myanmar. Interra Resources Limited actively engages in the management and operation of oil fields, producing crude oil while also being involved in investment activities related to its core operations. The company's strategic interests in key oil fields demonstrate its significant presence and operational capabilities within the oil industry in the Southeast Asian region.

Products and Services

• Oil Field Exploration and Operation:

  Interra Resources Limited specializes in exploring and operating oil fields, primarily focusing on crude petroleum production. The company's expertise spans the entire process of identifying viable oil reserves, drilling, and extracting crude oil. This comprehensive involvement ensures control over quality and production efficiency, reflecting a significant aspect of its core business activities.

• Investment in Oil Fields:

  The company holds significant interests in two onshore producing oil fields in the Chauk and Yenangyaung regions of Myanmar, spanning an area of approximately 1,800 square kilometers. Additionally, it has a 72.75% interest in the Kuala Pambuang block in Indonesia, covering an area of around 1,631 square kilometers located southwest of Palangkaraya. These investments underline Interra Resources Limited's strategic approach to securing and managing valuable oil-producing assets.

• Trading of Heavy Machinery:

  Besides its core operations in oil exploration and production, Interra Resources Limited diversifies its service offering through the trading of heavy machinery. This segment involves the procurement and sale of machinery essential for oil field operations, including drilling rigs, earthmoving equipment, and other related machinery. This auxiliary service complements its main business by providing essential tools and equipment required for efficient exploration and production activities.