Meeting the needs of our customers mainly National Oil Companies and Oil Majors around the region through safe, on time and to specification delivery.
We are the service provider that provides full-cycle service between buyers and sellers to accomplish the best service to our customers.
TIS Petroleum (Asia) is active in trading crude around Southeast Asia, Middle East and as a result is widely registered with all the oil majors such as Exxon, Shell, as well as other national oil companies in the region like Pertamina, Petroleum Brunei, Petronas and PTT. TIS Petroleum strives to continue its competitiveness as a trading company and trusted partner in delivering crude oil to its customers.
TIS commenced entering the upstream business in 2018. Currently we are operating a Production Sharing Contract in Indonesia, which is located at Blora, Central Java. Under the guidance of SKK Migas, we are endeavoring to convert that exploration block into a development block, based on one successful exploratory well and two delineation wells. Furthermore, we are evaluating other blocks to
expand our upstream activities. Blora Block PSC is expected to be in production with Natural Gas and Condensate by 2022.
Working Area : Blora Block
Contract Signed : 30 Nov 2009
Location : Central-East Java Province
Initial Area : 5014.77 sqkm
PI Composition :
TIS 60% (Operator)