Criterium Energy Ltd (TSXV:CEQ) is Canadian-based upstream energy company focused on the aggregation and sustainable development of assets in Southeast Asia that can deliver scalable growth and cash flow generation.
This region is expected to reach a population approaching 800 million people within the next 25 years, driving world-leading economic growth and record-high energy demand.
Tungkal PSC – South Sumatra
Criteirum owns a 100% operated working interest in the Tungkal PSC which covers an area of 2,285 km 2 in onshore South Sumatra. Criterium is focused on increasing existing oil production and the development of discovered gas for sale into the domestic market.
Bulu PSC – Northeast Java
Criterium owns a 42.5% working interest in the Bulu PSC which contains the fully appraised and sizeable Lengo gas field (359 bcf gross). Joint Venture Partners include: KrisEnergy (42.5% and operator), PT Energindo (10%), and PT Wisma (5%)
West Salawati – West Papua
The West Salawati PSC is located in West Papua covering an area of 970 km2 and is a cost recovery PSC that expires in 2033. The PSC contains the Balladewa-A (BLL-A) oil field and numerous low-risk step out development and exploration opportunities.
Criterium energy was established to provide reliable and sustainable energy to growing populations and economies.
That purpose is at the heart of what they do and how they operate.
