Featured Shareholder

“Gulf Petroleum Investment Company”

Gulf Petroleum Investment Company (KSE listed) plays a pivotal role in our shareholding structure and has been instrumental in our journey towards becoming a leader in the oil and gas industry.

Background and Expertise:

  • Founded in 1998, GPI has a rich history in Oil, Gas and Petrochemical sectors with a capital of (KWD 45,578,154) licensed to operate in the oil Industry. The head quarter is in Kuwait city. The company went public on 13 June 2005 and its active stocks are exchanged on Kuwait stock exchange “KSE”. Primary activities include Oilfield services, drilling (both offshore and onshore), Supply of all equipment, Engineering and consulting for upstream and downstream related project. 

  • It is constantly expanding the business in the MENA region for the following services: Onshore and offshore Drilling, Directional Drilling, Multilateral Drilling, Coiled Tubing, Milling, Fishing, Cutting, Cementing, Logging, Mini Fracturing, Acidizing, Nitrogen, Killing, Acid Wash and scale removal services In Addition to Oil well engineering and technical support for turnkey projects.

  • The Seram Non-Bula Block is now located on seram island-Indonesia under the production sharing contract, the total area is about 4,572 Square Kilometers. The current operator is CITIC owning 41% and GPI owning 16.5% while the remaining 42.5% are owned by other partners Collectively. The principal field in the Seram Non-Bula Block is the Oseil Field. The Oseil field is located in the Seram Non-Bula PSC area on the island of Seram about 300 kilometers east of the city of Ambon. The field is located inland from the northeast coast of the island. The block contains the Oseil oilfield and surrounding structures that have produced crude oil production of 2,000 bbls/day and potential gas production and exploration are in progress.

Strategic Contribution to SinoOcean:

  • GPI has been providing not only financial backing but also strategic guidance and access to critical networks.

  • Their involvement has enhanced our capabilities in market reach, technology, capital infusion, etc., significantly impacting our growth trajectory.