About Ping Petroleum
Ping Petroleum is engaged in the oil gas exploration and production in the shallow water regions of Malaysia and the North Sea. Asset portfolio includes 100 interest in Ranger project of the UK; 50 interest in 2-blocks located in Outer Moray Firth area of North Sea; 50 interest in Avalon prospect; 50 interest in 3-projects 19.3 interest in 1-project located in Anasuria Cluster which is producing 11k BOE of oil per day; 50 interest in a 2214C block which consists of Palaeocene exploration prospects. Created a joint venture company, Anasuria Operating Company Limited in partnership with Hibiscus Petroleum for operating Anasuria cluster. Other partners are Azinor and Summit Exploration.
- Headquarter Kuala Lumpur, Malaysia
- Founders Paul Baltensperger, Roy Phillips, Ning Zhang
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Sectors
Energy & Utilities
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Ping Petroleum Plc
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Funding Insights of Ping Petroleum
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Ping Petroleum
Ping Petroleum has secured backing from 1 investor. Prominent investors backing the company include DNeX. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Technology and energy exploration services are provided across multiple sectors.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Ping Petroleum
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Ping Petroleum
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Ping Petroleum Comparisons
Competitors of Ping Petroleum
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Frequently Asked Questions about Ping Petroleum
When was Ping Petroleum founded?
Ping Petroleum was founded in 2012.
Where is Ping Petroleum located?
Ping Petroleum is headquartered in Kuala Lumpur, Malaysia.
Who is the current CEO of Ping Petroleum?
Ning Zhang is the current CEO of Ping Petroleum. They have also founded this company.
What does Ping Petroleum do?
Ping Petroleum is engaged in the oil gas exploration and production in the shallow water regions of Malaysia and the North Sea. Asset portfolio includes 100 interest in Ranger project of the UK; 50 interest in 2-blocks located in Outer Moray Firth area of North Sea; 50 interest in Avalon prospect; 50 interest in 3-projects 19.3 interest in 1-project located in Anasuria Cluster which is producing 11k BOE of oil per day; 50 interest in a 2214C block which consists of Palaeocene exploration prospects. Created a joint venture company, Anasuria Operating Company Limited in partnership with Hibiscus Petroleum for operating Anasuria cluster. Other partners are Azinor and Summit Exploration.
Who are Ping Petroleum's investors?
Ping Petroleum has 1 investor. Key investors include DNeX.