What Interra Resources does

Interra Resources Limited is a Singapore-incorporated company listed on the SGX Mainboard (ticker: 5GI) that has historically operated as an upstream petroleum exploration and production (E&P) business and is now executing a strategic pivot toward renewable energy and sustainable resources. The company's traditional asset base comprises a 60% participating interest in the Chauk and Yenangyaung onshore oil fields in Myanmar (operated through the Goldpetrol joint operating company under Improved Petroleum Recovery Contracts with state-owned MOGE), and a 72.75% interest in the Kuala Pambuang Production Sharing Contract block in Central Kalimantan, Indonesia. FY2025 revenue was US$11.95 million, down 30.2% year-on-year, driven by softening crude prices, lower production volumes, Myanmar civil conflict, and sanctions compliance complexity, leading to a net loss of US$21.83 million after US$24.04 million in non-cash impairments. The Board, led by Executive Chairman and controlling shareholder Ng Soon Kai (since 2023), has publicly committed to exiting Myanmar and building a diversified portfolio.

The company's diversification effort spans three emerging business segments. In renewable energy, Interra has signed joint venture and convertible bond agreements with PT Berkat Bersatu to develop three floating solar plants in Indonesia totalling 228MWac (Tembesi 35MWac, Karangkates 133MWac, Saguling 60MWac), is a Long List Strategic Partner with PT PLN Nusantara Power for power plant projects, and has partnered with Royal Manor Group to develop a 10MW solar plant in Thailand. In silica and critical minerals, Interra formalised a joint venture with PT Mitra Investindo Tbk in July 2025 for three silica sand concessions in West Kalimantan targeting solar panel manufacturing inputs, holds a 12.24% strategic equity stake in ASX-listed Morella Corporation (lithium, rubidium, titanium), and provides a convertible note facility to Morella. The company has also announced a US$60 million acquisition of PT Benakat Barat Petroleum from Sinopetro Holdings (revised down from US$78.5 million following Gaffney, Cline & Associates reserve work) as its largest-ever investment to expand Indonesian upstream reserves.

Commercially, Interra Resources operates a contract-driven, government-counterparty business model: crude oil is sold to MOGE under IPRCs, and planned renewable energy output is destined for sale to Indonesian state utility PT PLN and Thai government electricity buyers. Go-to-market is therefore enterprise field sales supplemented by strategic co-development partnerships (PT Berkat Bersatu, MITI, Morella, Sany Silicon Energy). The company's shares have been suspended on the SGX since early 2024 pending SGX RegCo review of a resumption request; the financial watch-list was removed on 29 October 2025. Headcount is small (1-10 per firmographic disclosures) supported by a lean named management team (Executive Chairman, CFO appointed February 2026, CTO/VP Operations, Country Manager Myanmar, and four directors). Revenue is overwhelmingly concentrated in Myanmar petroleum, with all renewable and silica revenue still in development or preliminary planning stage.

Name

Interra Resources

Legal name

Interra Resources Limited

Website

https://interraresources.com

Company type

Public

Founded year

1973

Operating status

Operating

Headcount range

1–10 employees

Short description

Interra Resources Limited is a Singapore-listed (SGX: 5GI) energy company pivoting from petroleum E&P in Myanmar and Indonesia into renewable energy, silica mining, and critical minerals via joint ventures in Indonesia, Thailand, and Australia.

Ownership category

akta.pro rank

Product category

Petroleum Exploration & Production

NAICS

Crude Petroleum Extraction (21112), Solar Electric Power Generation (221114)

SIC

Crude Petroleum & Natural Gas (1311)

akta.pro primary industry

Solar PV Power Plant EPC (Utility-Scale) (EUAEAAAG)

Keywords

• Petroleum exploration production
• Floating solar energy
• Silica sand mining
• Renewable energy development
• Oil and gas

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Supply Chain, Infrastructure, Technology or R&D, Others

Revenue model

1. Petroleum Exploration and Production: Revenue from crude oil production in Myanmar (Chauk and Yenangyaung fields) and exploration in Indonesia (Kuala Pambuang block). FY2025 revenue declined 30.2% to US$11.95 million due to softening crude oil prices and lower production volumes. The company is strategically exiting Myanmar operations due to ongoing civil conflict and sanctions compliance challenges.
2. Renewable Energy Projects: Revenue anticipated from development of floating solar plants in Indonesia (partnership with PT Berkat Bersatu) and solar power projects in Thailand (partnership with Royal Manor Group). Shortlisted as Long List Strategic Partner for PT PLN Nusantara Power for power plant developments.
3. Critical Minerals Investment: Strategic 12.24% equity stake in ASX-listed Morella Corporation Limited, an exploration company focused on lithium, rubidium, and titanium across Australia and the United States. Company intends to increase stake to 12.59% pending approvals.
4. Silica Mining: Joint venture with PT Mitra Investindo group for developing three silica sand concession areas in West Kalimantan, Indonesia for silica-based downstream industries. The company also holds 1.49% equity stake in MITI.

Go-to-market motion1 record

Distribution channels2 records

Marketing channels3 records

Core offering

Interra Resources is a Singapore-incorporated energy and resources company engaged in petroleum exploration and production (E&P) in Myanmar and Indonesia, with a 60% interest in the Chauk and Yenangyaung onshore oil fields in Myanmar and a 72.75% interest in the Kuala Pambuang block in Central Kalimantan, Indonesia. The company is strategically diversifying into renewable energy through floating solar photovoltaic (FPV) plants in Indonesia (228MWac total capacity) and a 10MW solar power plant in Thailand, alongside developing three silica sand concessions in West Kalimantan, Indonesia for solar panel manufacturing supply chains.

Product overview

Interra Resources is an energy and resources company operating three distinct business segments: Petroleum (oil and gas E&P in Myanmar and Indonesia), Silica Sand Mining and Processing (silica concessions in West Kalimantan for solar panel manufacturing), and Solar Energy Solutions (floating solar plants and solar PV projects in Indonesia and Thailand). The company is strategically pivoting from traditional oil and gas toward renewable energy and sustainable resources. The petroleum segment includes the Chauk and Yenangyaung fields in Myanmar and Kuala Pambuang block in Indonesia; the silica segment involves three concession areas being developed with MITI; and the solar segment encompasses multiple floating solar installations totaling 228MWac plus rooftop and ground-mounted solar projects.

Differentiator

Problem solved

Functional benefit

Products and services

• Petroleum Exploration and Production

Quantifiable outcome

• Revenue declined 30.2% to US$11.95 million in FY2025
• +1 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Eight partnerships are on record, tiered core and minor.

• Sinopetro HoldingscoreStrategic or Co-development Partner · 22 June 2026Conditional sale and purchase agreement for acquisition of 100% of PT Benakat Barat Petroleum, which operates the Benakat Barat cooperation contract in South Sumatra, Indonesia, for US$78.5 million (later revised to US$60 million). Transaction represents company's largest-ever investment to enhance production capacity and reserves in Indonesia through synergies with existing Tanjung Miring Timur field.
• Gaffney, Cline & AssociatesminorOthers · 22 June 2026Independent reserve and economic evaluation firm engaged for updated reserve reports and economic evaluation of Goldwater Indonesia subsidiary, leading to price reduction of Benakat Barat acquisition from US$78.5 million to US$60 million.
• PT Berkat BersatucoreStrategic or Co-development Partner · 1 January 2025Established joint venture and convertible bond agreements in 2025 with PT Berkat Bersatu, an Indonesian contractor specialising in floating solar farms. Partnership covers development of three floating solar plants: Tembesi (35MWac), Karangkates (133MWac), and Saguling (60MWac) totaling 228MWac.
• Royal Manor Group Co. Ltd. (RMG)minorStrategic or Co-development Partner · 1 January 2025Partnership in 2025 to develop renewable energy supply business in Thailand. Proposed 10MW solar power plant within RMG factory compound to generate electricity for localised industrial use and for sale to Thai government.
• Sany Silicon Energy (Zhuzhou) Co., Ltd (SSE)minorStrategic or Co-development Partner · 21 November 2024Heads of agreement signed 21 November 2024 to submit competitive tenders for development of solar farms in Indonesia with PLNNP. SSE is a subsidiary of Hong Kong listed Sany Heavy Equipment International Holdings, engaged in monocrystalline silicon materials, solar cells and modules research, development, and manufacture.
• PT Mitra Investindo Tbk (MITI)coreStrategic or Co-development Partner · 28 May 2024Memorandum of understanding signed 28 May 2024, formalised into joint venture and mandatory conversion loan agreements on 1 July 2025 for developing three silica sand concession areas and silica-based downstream industry in Indonesia. Company acquired 1.49% equity stake in MITI on 10 November 2025.
• PT PLN Nusantara PowercoreStrategic or Co-development PartnerShortlisted as Long List Strategic Partner on 18 March 2024 for partnership in developing power plant projects in Indonesia. PLNNP is a sub-holding of PT PLN (Persero), the state-owned electricity entity of the Indonesian government.
• Goldpetrol Joint Operating Company Inc.coreStrategic or Co-development PartnerJoint venture partner for managing operatorship of Chauk and Yenangyaung oil fields in Myanmar. Company holds 60% participating interests under Improved Petroleum Recovery Contracts with MOGE.

Scale indicators9 records

Recent moves7 records

Expansion highlights6 records

Direct peers

• Mermaid Maritime: Thailand-listed offshore services and drilling company supporting exploration and production in Southeast Asia. Comparable in supporting upstream oil and gas operators in the same regional markets.
• KrisEnergy: Singapore-incorporated upstream oil and gas company focused on shallow-water exploration and production in Southeast Asia, including Indonesia. Direct comparable in geographic focus and operational scale.
• Jadestone Energy: Independent upstream E&P company listed in London and Toronto, focused on producing and development assets in the Asia-Pacific region. Comparable in size, geographic focus, and E&P-only operating model.
• Rex International Holding: Singapore-listed (SGX) oil & gas exploration company focused on Southeast Asia, applying proprietary reservoir surveillance technology to identify hydrocarbon accumulations. Comparable in market, scale, and SGX-listed small-cap profile.
• Soco International: UK-listed independent upstream oil and gas exploration and production company. Comparable as a small-cap independent E&P focused on producing fields and resource-conversion strategies.
• RH Petrogas: Singapore-listed (SGX) small-cap oil & gas exploration and production company with operations in Indonesia and other Southeast Asian countries. Highly comparable in size, geography, business model, and SGX-listed profile.
• Ramba Energy: Singapore-based oil & gas and power infrastructure company with assets in Indonesia. Comparable in geographic focus and Indonesia-centric E&P and energy infrastructure exposure.

Broad incumbents

• Sapura Energy Berhad: Malaysian-listed integrated oil and gas services and solutions provider with E&P and drilling exposure in Southeast Asia. Comparable as a broader incumbent in Malaysian and Indonesian upstream and offshore services markets.
• Sembcorp Industries: Singapore-listed energy and urban development company with a significant renewables and conventional power generation portfolio across Asia. Comparable as a regionally-focused energy operator undergoing a renewable transition.
• PT Medco Energi Indonesia: Indonesia-listed integrated energy company with upstream oil and gas operations across Southeast Asia and a growing renewable energy portfolio. Comparable as a larger, diversified incumbent in Interra's target geographies with a parallel pivot to renewables.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles7 records

Subsidiaries3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Interra Resources