What Rh Petrogas does

RH Petrogas Limited is an independent upstream oil and gas exploration and production company headquartered in Singapore and listed on the mainboard of the Singapore Stock Exchange under the ticker RH Petrogas (SGX: T13). The company operates across the full upstream value chain, covering the identification and assessment of hydrocarbon resources, the development of discovered fields including infrastructure construction and production setup, and active production operations. Its asset base has been deliberately narrowed through a strategic renewal and revamp, and today consists of two producing assets located in Indonesia, with a stated aspiration to build a leading independent energy franchise in the broader ASEAN region.

The company's revenue model is a pure commodity-sale model: crude oil and natural gas produced from its Indonesian fields are sold at prevailing market prices to refineries, trading houses, and downstream energy counterparties through direct commercial transactions. RH Petrogas does not publicly disclose product pricing, and its revenue stream is therefore directly exposed to benchmark oil and gas prices and to operating conditions in Indonesia. Customer-facing channels are limited to a single direct-sales channel targeting enterprise buyers, while stakeholder communication is conducted through an SGX-style investor relations apparatus comprising an IR portal, annual reports, corporate presentations, and newsroom announcements.

The business is supported by a workforce of 101-250 employees and is organized around wholly-owned Indonesian operating subsidiaries, with a new President Director appointed in December 2024 to lead those entities. Distribution of ownership is dispersed across public shareholders with no disclosed controlling shareholder, and no active M&A, partnership, or funding transactions are visible in the source data, leaving the company's near-term trajectory closely tied to production volumes from its two Indonesian fields and to global hydrocarbon pricing.

Name

Rh Petrogas

Legal name

RH Petrogas Limited

Website

https://rhpetrogas.com

Company type

Public

Founded year

1987

Operating status

Operating

Headcount range

101–250 employees

Short description

RH Petrogas Limited is a Singapore-headquartered, SGX-listed independent upstream oil and gas company that explores, develops, and produces crude oil and natural gas from two producing assets in Indonesia for sale to refineries and trading counterparties.

Ownership category

akta.pro rank

Product category

Upstream Oil and Gas Production

NAICS

Crude Petroleum Extraction (21112), Natural Gas Extraction (211130), Oil and Gas Extraction (2111)

SIC

Crude Petroleum & Natural Gas (1311), Oil & Gas Field Exploration Services (1382)

akta.pro primary industry

Onshore Natural Gas E&P (Conventional Fields) (EUAAAAAG)

Keywords

• Upstream oil gas
• Hydrocarbon exploration
• Oil gas production
• ASEAN energy assets
• Crude natural gas

Headquarters

HQ city

Singapore

HQ country

Singapore

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Supply Chain, Others

Revenue model

1. Oil and Gas Production Sales: Revenue generated from the production and sale of oil and gas resources from the company's producing assets in Indonesia.

Distribution channels1 record

Marketing channels4 records

Core offering

RH Petrogas is an independent upstream oil and gas company that conducts exploration, development and production of hydrocarbon resources. It currently holds two producing assets in Indonesia after undertaking a strategic renewal of its asset portfolio, with revenue generated from the sale of crude oil and natural gas produced from these Indonesian upstream assets.

Product overview

RH Petrogas is an independent upstream oil and gas company operating as a single unified business focused on the exploration, development, and production of oil and gas resources in the ASEAN region. The company currently holds two producing assets in Indonesia and has undergone strategic portfolio renewal in recent years. The product portfolio consists of three integrated upstream services: Exploration Services (identifying and assessing hydrocarbon resources), Development Services (field development and infrastructure), and Production Operations (active extraction from producing Indonesian assets).

Differentiator

Problem solved

Functional benefit

Products and services

• Oil and Gas Exploration Services

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators3 records

Recent moves4 records

Expansion highlights4 records

Broad incumbents

• INPEX Corporation: Japan-listed major upstream oil and gas company with global operations. Comparable as a broad incumbent in the upstream sector with similar exploration, development, and production activities, though far larger in scale.
• PTT Exploration and Production (PTTEP): Thailand-listed large-cap upstream oil and gas company with regional and international operations. Comparable as a regional incumbent operating in ASEAN upstream markets, though significantly larger and more diversified.

Regional players

• Sapura Energy: Malaysia-listed integrated oil and gas services and production company with regional operations. Comparable as a regional upstream and services player in Southeast Asia, though larger and more diversified than RH Petrogas.

Direct peers

• Baron Oil: AIM-listed small-cap upstream oil and gas company focused on exploration and development in Latin America and Southeast Asia. Comparable in scale and upstream focus to RH Petrogas.
• Pancontinental Energy: ASX-listed small-cap upstream E&P company with exploration assets in Africa and Australia. Comparable to RH Petrogas in scale and pure-play upstream business model.
• Ramba Energi: Indonesia-listed small-cap upstream oil and gas company with exploration and production assets in Indonesia. Directly comparable to RH Petrogas in geographic focus, asset scale, and upstream business model.
• Interra Resources: Singapore-listed small upstream oil and gas company with operations primarily in ASEAN, including Indonesia and Myanmar. Comparable to RH Petrogas in size, listing venue, and regional upstream focus.
• Rex International Holding: Singapore-listed upstream oil and gas company with exploration and production assets across multiple geographies. Similar small-cap profile and SGX mainboard listing to RH Petrogas.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/petrogas-basin-limited

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

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 Rh Petrogas