Summary
Mitra Energy Limited (‘Mitra’) is a privately owned independent oil and gas exploration company focusing on the Asia-Pacific region. Since the company’s formation in mid-2005, its initial focus on Indonesia, the Philippines, Vietnam and Thailand has resulted in acquisition of a number of high quality exploration assets. The company vision is to be the leading E & P independent in the region.
Mitra recognises that local representation is essential in building and maintaining partnerships in the region and, to this end, Mitra has established country offices in Jakarta, Manila, Singapore and Ho Chi Minh City with representation in Thailand and Cambodia. The regional office in Kuala Lumpur identities new venture opportunities and provides technical and managerial support to the assets.
The company has more than twenty professional staff, many with significant Asia-Pacific experience. It prides itself on its technical excellence, recognizing this as a key attribute for identifying, acquiring and maximizing the value of its exploration assets.
Exploration Strategy
Mitra believes that considerable value can be created by adding reserves through exploration. The company’s strategy is to acquire large working interests, preferably as operator, in diverse, high impact exploration plays within the Asia-Pacific region. Mitra leverages its high level of technical expertise to define an asset’s risk / reward profile and capital exposure. Evolving technical understanding directly impacts the critical business decisions that expose the company to maximum reward while mitigating risk and optimising capital expenditure.