Our Assets

Prime Natuna Energy

  • Prime Group is a leading integrated oil & gas player with operations across development, production and refining of oil & gas resources in Indonesia. The Group is ultimately 100% owned by Mr. Tony Antonius.
  • Prime Natuna Energy Pte. Ltd. (“PNE”) is an affiliate under Prime Group, and owns a 25% interest in South Natuna Sea Block B (“Natuna B” or “SNSB”) Production Sharing Contract (“PSC”) in Indonesia.
  • The SNSB PSC is a large and fragmented PSC that covers a number of O&G fields in the Natuna Sea.
  • Oil production commenced in 1979, and peaked at 140,000 boed in the 2010’s. The block is estimated by RISC as at 31 March 2019 to contain c.45.7mmboe of proved reserves and 77.4mmboe of proved and probable reserves.
  • Development in the early-2000s turned to commercialising gas fields that now supply Singapore and Peninsular Malaysia through long dated Gas Sales Agreement (“GSA”) to SembCorp Gas Pte. Ltd. (“SembCorp”) and Petronas Sdn. Bhd. (“Petronas”), respectively.
  • SNSB currently has 8 producing fields, with total production of 16.84 mmboe or ~c.46,147 boed for FY2018. These 8 producing fields account for the entire c.45.7mmboe (100%) of gross 1P reserves as certified estimated by RISC.