United Energy Group Limited
Suite 2502-05, 25/F
Two Pacific Place
88 Queensway, Admiralty
Hong Kong
Tel: +852-2522 8287
enquiry@uegl.com.hk
United Energy Group Limited (UEG) is a Hong Kong-based investment holding company principally engaged in petroleum and natural gas businesses. The Company operates through three segments. Exploration and Production segment is engaged in businesses related to the exploration and production of crude oil and natural gas in Pakistan. Oil Exploitation segment is engaged in businesses related to the production of crude oil in the People’s Republic of China. Oilfield Support Services segment is engaged in the provision of oilfield support services by using patented technology and related businesses.
United Energy Pakistan (UEP) is a subsidiary of United Energy Group (UEG). UEG is primarily engaged in the upstream oil and gas business, including exploration, development and production of crude oil and natural gas and the provision of patented technologies in oilfield supporting services in China and Indonesia. The Company has a joint venture partnership with China National Petroleum Company (CNPC) in one of its energy projects in China. UEG is currently evaluating various investment options in South East Asia and the Americas.
In September 2018, UEG reached agreement to acquire the entire issued share capital of Kuwait Energy plc (“KE”) by way of a Scheme of Arrangement for a cash consideration of up to US$651 million.
Established in 2005, KE has built a high-quality, diversified portfolio of oil and gas assets. It conducts exploration, appraisal, development and production activities in a number of countries including Iraq, Egypt, Yemen and Oman.
KEYFACT Energy