OILFIELD SERVICES (RRDSL)
The Company owns an established oilfield services provider based in Trinidad (RRDSL), with successful track record of operations of over 15 years. RRDSL has one of the most modern drilling rig fleets in the Caribbean with capacity to drill any onshore well in Trinidad. The fleet comprises 12 onshore land rigs: 5 drilling and 7 production rigs and related equipment.
OIL AND GAS PROJECT
During 2017, the Company expanded its footprint by acquiring a 23% interest (to increase to 42% upon completion of the minimum work programme) in the Perlak field located in a mature hydrocarbon province of the Northern Sumatra. The Perlak field is one of the oldest producing oilfields in the world, first discovered in 1899. It lies on-trend with many producing hydrocarbon fields, including the giant Arun field.