Sumatec was established in 1979 as a service provider in the downstream sector of the oil and gas industry. The Company is currently going through a business re-structuring program which will see it entering the upstream sector via a joint investment agreement with Markmore Energy (Labuan) Limited and CaspiOilGas LLP to develop the Rakushechnoye Oil and Gas Field in West Kazakhstan.
Sumatec Resources Berhad (SUMATEC - 1201) is listed on the Main Market of Bursa Malaysia.
In addition to developing the Rakushechnoye Field, Sumatec will continue to look for opportunities to acquire and develop new and under performing fields. Our target assets will be mainly onshore, as this reduces the capital cost of infrastructure required. We will only select the hydrocarbon assets that provide maximum return for shareholder investment through short term production enhancement and long term sustainable production growth.