Corporate Profile
Mirach Energy Limited ("Mirach" or the "Company" or "Group") is an energy exploration and production company with oil and gas interests in Asia. The Group operates on petroleum assets in Cambodia and South Sumatra of Indonesia. Complementary to its core exploration and production business, the Mirach Energy Group of companies also provides effective technical oilfield services and solutions, including enhanced oil recovery ("EOR") techniques and consultancy.

With a decade of valuable experiences working on oil and gas fields in Asia, including past experiences in China, Indonesia and Cambodia, the Group also provides consultancy and related services to partners and other companies who are keen to explore or invest in the upstream oil and gas fields in Asia.

OUR BUSINESS

Exploration And Production("E&P")

Mirach holds interests in one exploration oil block and two production oil blocks. Management's strategy is to balance the risks in its asset portfolio, by investing in production oil fields to generate income and cash flow, and developing exploration interests for asset upside potential.

Oilfield Services

Mirach Energy recognises the demand in enhancing oil recovery rate in Asia and provides EOR and related oilfield services through an integrated approach to achieve higher oil recovery efficiently. The Group has resourcefully harnessed a team of geoscientists and engineers who have much experience in managing exploration and production projects.

OUR INTERESTS IN ASIA

Cambodia

The Group owns a 48% interest in the associate company, CPHL (Cambodia) Co., Ltd ("CPHLC"), which holds the Cambodia offshore oilfield Block D Production Sharing Contract ("PSC"). Block D covers 5507 sq km in shallow water area, and Mirach Energy is the operator. It was estimated that the mean number of oil initially in place (OIIP) is 1,751 million barrels.

Kampung Minyak, South Sumatra, Indonesia (KM Oil Field)

The Kampung Minyak Oil Block is a mature oil field located in onshore South Sumatra, Indonesia and covers an area of approximately 45 square kilometres. The Group is working with Pertamina EP under a Joint Operations Contract ("KSO") to re-activate and enhance production in the area. The contract period is 15 years, and expires in 2026.

In 2013, the Company acquired a 10% interest in Gunung Indah Lestari Limited which holds 100% shares of a KSO operatorship in another marginal oil field, the Sungai Taham Batu Keras Suban Jeriji Block ("ST-BK-SJ" Field). ST-BK-SJ has a production tenure of 15 years starting from February 2013.