Nio Petrolium

An Oil and Gas development and production company

Nio Petroleum Limited (Nio) is working in the Asia Pacific region

Nio's primary focus is offshore assets in the Asia Pacific region, particularly Malaysia, Thailand, Vietnam, Indonesia and Australia. In May 2010, Nio acquired Blocks SB307 and SB308 offshore Sabah in Malaysia in conjunction with Lundin Petroleum and PETRONAS Carigali.

Nio's business creates value by developing marginal discoveries and accumulations of oil and gas and redeveloping mature, previously developed fields. Nio's goal is to deliver net incremental output from our assets by managing the balance of risk and commercial returns.

The company achieves these results through the formulation of innovative development and redevelopment concepts, execution excellence and optimisation post production. Nio seeks to foster close ties with national oil companies for exploitation opportunities, offering specific development expertise.

The company targets undeveloped discoveries and late life producing assets that:

• are too small to be economic for larger companies
• may need investment, modernisation or rehabilitation