Star Phoenix Group Ltd (STA) NPV
Star Phoenix Group Ltd is an Australia-based company with an oilfield services business in Trinidad and an oil and gas interest in Indonesia. The Company’s operations include Trinidad Oilfield Services, and Indonesia Oil and Gas Project. The Company owns an oilfield services provider based in Trinidad, Range Resources Drilling Services Limited (RRDSL). RRDSL has modern drilling rig fleets in the Caribbean with capacity to drill onshore Trinidad. The fleet comprises 12 onshore land rigs, including 5 drilling and 7 production rigs and related equipment. The Perlak field is engaged in producing approximately 300 wells, with 250 of those put into production. The field has produced approximately 50 one million barrels of oil from shallow depths of less than 1,000 meters, approximately 3,300 feet.
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