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February 11, 2016 10:45 PM ET

Oil, Gas and Consumable Fuels

Company Overview of Coastal Energy Company

Company Overview

Coastal Energy Company engages in the exploration, development, and production of oil and gas properties in Thailand. The company holds 100% interests in the G5/43 block that covers an area of approximately 2,494 square kilometers; and G5/50 block covering approximately 283 square kilometers in the Gulf of Thailand. It also owns a net 13.7% working interest in EU-1 and E5-N blocks, which contains Sinphuhorm gas field located in northeast Thailand; and a net 39.0% working interest in L27/43 and L15/43 blocks located in the onshore Thailand. Coastal Energy Company was founded in 2004 and is based in George Town, the Cayman Islands. As of January 17, 2014, Coastal Energy Company operates as a s...

Walker House

87 Mary Street

PO Box 908GT

George Town,  KY1-9001

Cayman Islands

Founded in 2004

76 Employees

Key Executives for Coastal Energy Company

Chief Executive officer, President and Executive Director
Age: 61
Chief Financial Officer and Director
Age: 43
Vice President of Operations and General Manager of Thailand Region
Executive Director
Age: 46
Vice President of Technical and Business Development
Compensation as of Fiscal Year 2015.

Coastal Energy Company Key Developments

Murphy Oil Reportedly To Sell Malaysian Assets

Murphy Oil Corporation (NYSE:MUR) is seeking to sell 30% stake in its oil and gas (O&G) Malaysian assets at a price tag of $2 Billion to $3 Billion , sources said. Several parties have expressed interest, including SapuraKencana Petroleum Berhad (KLSE:SKPETRO), Hibiscus Petroleum Berhad (KLSE:HIBISCS), Coastal Energy Company (TSX:CEN), Sona Petroleum Berhad (KLSE:SONA) and CLIQ Energy Berhad (KLSE:CLIQ), a banker said. One of Murphy’s key assets is said to be the Kikeh oil field in Block K offshore Sabah, as well as shallow oil fields in Block SK, a sizeable gas production in Sarawak, and the yet-untapped Block H, where Petronas is set to deploy its second floating liquefied natural gas facility (FLNG) in the Rotan field. Murphy holds an 80% stake in the Kikeh field.

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