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Home > Company Index > Energy > Oil & Gas Exploration & Production > Gulf Indonesia Resources Limited

Gulf Indonesia Resources Limited
NYSE: GRL
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 PROFILE
Gulf Indonesia Resources, a 72%-owned subsidiary of Conoco (which acquired former parent Gulf Canada Resources in 2001), explores for and produces oil and gas in a number of Indonesian gulfs and valleys. Gulf Indonesia Resources, which owns interests in 11 million acres in 13 contract areas primarily in Sumatra, East Java, and in the Natuna Sea, has proved reserves of 311 million barrels of oil equivalent. The company sells its onshore production to Pertamina, the Indonesian state-owned oil company. Gulf Resources Indonesia has boosted its production, mainly from the Corridor Gas Project in Sumatra, to 46,600 barrels of oil equivalent per day.

 COMPETITION
BP p.l.c. (BP)
Eni S.p.A. (E)
Royal Dutch/Shell Group (dossier)

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 FINANCIAL OVERVIEW
Fiscal Year-End: December
2000 Sales (mil.): 421.00
1-Yr. Sales Growth: 104.4%
Employees: 1,129
Revenue per employee: $372,896.37

 KEY PEOPLE
• Paul C. Warwick
    CEO
• Murray E. Hesje
    CFO

 CONTACT INFO
21st Floor, Wisma 46, Kota BNI, Jalan Jenderal Sudirman Kavling 1
Jakarta 10220, Indonesia
Phone: 62-21-574-2120
Fax: 62-21-574-2112
Online: Web Site

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