NuEnergy Gas (ASX: NGY) — Company Overview, News & Financial Data
NuEnergy Gas develops coal seam gas in Indonesia, focusing on CSG projects in South and Central Sumatra and Kalimantan.
NuEnergy Gas
NuEnergy Gas is a clean energy company focused on the development of unconventional gas assets in Indonesia. The company operates as a primary producer and developer of coal bed methane resources, holding production sharing contracts across onshore basins in South Sumatra. Its activities encompass exploration, subsurface drilling, field development, and gas production to supply domestic and regional energy markets. By developing its onshore assets, the company aims to support the energy transition in Southeast Asia by delivering cleaner-burning gas resources to industrial customers, power generation facilities, and local distribution networks across Indonesia.
Snapshot
Operations
Products and/or services of NuEnergy Gas
- Primary Gas Development PSC: Development and commercialization of unconventional coalbed methane gas resources across core production sharing contract acreage in South Sumatra, featuring advanced pilot production wells and surface facilities delivering natural gas to regional energy markets.
- Gas Exploration and Evaluation Acreage: Appraisal and prospective resource drilling across onshore basin blocks in South Sumatra, targeting extensive coal seam formations to establish initial gas flow rates and define commercial reserves for domestic power generation.
- Coalbed Methane Production Asset: Extraction of unconventional methane gas from deep coal seam reserves in South Sumatra, utilizing specialized extraction technology and localized gathering infrastructure to expand natural gas supply capacity across the regional grid.
- Appraisal and Resource Expansion Block: Targeted geological survey, core drilling, and permeability testing across contiguous onshore production sharing contracts in South Sumatra designed to prove up contingent gas resources and support future field development plans.
- Subsurface Well Drilling Operations: Deployment of specialized drilling rigs and well completion services to sink vertical and dewatering wells into targeted coal seams, enabling reservoir depressurization and efficient methane gas desorptive recovery.
- Domestic Gas Commercialization: Compression and transport of natural gas from field gathering stations to nearby industrial end-users, power stations, and municipal gas networks through dedicated pipeline connections and commercial gas sales agreements.
NuEnergy Gas executive team
- Mr. Beng Hong LimChief Executive Officer
- Mr. Yong Wah KeeDeputy Executive Chairman
- Ms. Rozanna Lee AGIA, AGIS, B.Com., GradDipACG, L.L.B.Company Secretary