Sarawak tycoon's firm to increase oil production


KUCHING: Singapore-listed RH Petrogas Ltd, which is majority owned by Sarawak tycoon Tan Sri Tiong Hiew King and family, aims to increase its current production of 4,100 barrels of oil equivalent per day.

The group currently has five oil and gas assets, including an 80% participating interest in a production sharing contract (PSC) with Petroliam Nasional Bhd (Petronas) for Block SK331 located onshore Sarawak.

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