This business group, one of Bangchak’s five core businesses, is in charge of the development of upstream petroleum businesses and battery energy storage systems, namely the petroleum exploration and production (E&P) business and the lithium mining business. Bangchak founded BCPR Co., Ltd. in Thailand, and BCPR Pte. Ltd. together in Singapore, to engage in the petroleum E&P business and founded BCP Innovation Pte. Ltd., in Singapore, to engage in the lithium mining business.

BCPR Co., Ltd.

On July 12, 2018, Bangchak established a wholly owned BCPR Co., Ltd., in Thailand, which today has Baht 661 million in registered capital (6.61 million shares at Baht 100 per share). The objective is to engage in business operations by investing in natural resource businesses. BCPR has now invested in BCPR Pte. Ltd., founded in Singapore to invest jointly in OKEA ASA, which engages in petroleum development and production in Norway.

BCPR Pte. Ltd.

BCPR Pte. Ltd., was incorporated in Singapore on July 12, 2018, with a registered capital of US$18.2 million as of December 31, 2019, and is wholly owned by BCPR Co., Ltd. The company engages in foreign energy, petrochemical, and natural resource businesses and currently invests in OKEA AS, which engages in local petroleum exploration, development, and production in Norway.


OKEA ASA, incorporated under the laws of Norway, engages in Norway’s petroleum exploration, development, and production. BCPR Pte. Ltd., Bangchak’s subsidiary, holds 45.44% shares in OKEA ASA.OKEA ASA have license shares in Draugen, Gjoa, Ivar Aasen, Nova, Yme, andStatfjord fields, as well as the exploration rights in several other fields in Norway and has been the operator of Draugen and Brage fields.

BCP Innovation Pte. Ltd. (BCPI)

BCPI, wholly owned by Bangchak, was incorporated in Singapore with a registered capital of US$53.3 million as of December 31, 2019