The Malaysian Insider, 4 Jul 2009
SINGAPORE, July 4 —Temasek Holdings has finally made its foray into the oil and gas business by clinching its first-ever exploration rights — an Indonesian concession in West Belida onshore Sumatra.
This comes a year after it first set up Orchard Energy, its oil and gas exploration and production (E&P) subsidiary. Things have started moving now that Orchard has an experienced team in place, led by 30-year E&P veteran Tony Tan who crossed over from Singapore Petroleum Company in January to be its CEO.
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