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Sovereign Wealth Funds Briefing - Categorized | Market

Temasek looks to its first gusher

Posted on 06 July 2009

From Businesstimes.com.sg: Temasek Holdings has finally made its foray into the oil and gas business by clinching its first-ever exploration rights - an Indonesian concession in West Belida onshore Sumatra.

This comes a year after it first set up Orchard Energy, its oil and gas exploration and production (E&P) subsidiary. Things have started moving now that Orchard has an experienced team in place, led by 30-year E&P veteran Tony Tan who crossed over from Singapore Petroleum Company in January to be its CEO………Full Article (Subscription Required): Source


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