26 May 1997
Sea Oil Public Company Limited (the “Company”) one of company in Nathalin Group. The Company established on 26 May 1997, with total registered capital of one million baht. Currently, the Company’s registered capital is 691,867,135 baht and issued and paid-up share capital is 553,559,662 baht. (As of 31 December 2018) The purpose of the Company is to supply and distribute fuel and lubricant business for different types of vessels such as bunkers, oil tankers, fisheries and others. The Company’s oil supplies come from major oil producers/traders which our customers are both domestic and foreign as Singapore, Laos, Cambodia, Myanmar, etc. The Company has no investment in fixed assets for fuel distribution as oil storage or vehicle, rather company procure independent transporter for delivery service in case customer need.
the Company expanded business to serve fuel and lubricant sale for factories and other businesses as land transportation vehicles and buses, which gave the Company opportunity to service various customers
the Company started catering and service business in accommodation barge for employees in oil and gas drilling at offshore in the Gulf of Thailand.
the company started the businessof providing raw materials for use in preparingfood, supplying supplies and other services (General Supply) to marine vessels, Supply & Service Boat, and crew boat and oil and gas drilling rig in the sea; such as food, water, tools, etc. in order to build up from the catering and service business and also make use of the current customers base of companies that are in the business of distributing fuel and marine lubricants. Which has alreadybeen demandedfood suppliesand other supplies for use to navigate, which increase the company’s revenue.
the company officially entered the MAI which has been approved by the Securities and Exchange Commission and the Stock Exchange of Thailand by offering new shares to the public first (Initial Public Offering: IPO)
the Company has invested in a joint venture company Pan Orient Energy (Siam) Limited ("POES") in the proportion of approximately 49.99% of the total issued shares and paid-up shares. Such investment encourages the company to enter the petroleum exploration and production business, which is the upstream businessof the oilbusiness. In order that the organizationto learnandexperiencedirectly from petroleum exploration and production companies, which will lead to be a long-term concessionaire in the future.
the company set up “Sea Oil Energy Limited” in Bermuda with purpose to support investment and expand business.
The Annual General Meeting 2014, The Shareholders' meeting approved dividend payment as ordinary shares not exceeding in total of shares 30 millions at par value of 1 Baht per share to the company shareholders and approval the increase of the company‘s register capital from the existing registered capital of Baht 180 million to Baht 210 million by issuing 30 million new ordinary share at a par value of Baht 1 each for dividend payment and amendment of Clause 4 in the Company's Memorandum of association to be in accordance with the increase of register capital of the company
The Company appointed as contractor of PTT Exploration and Production Public Company Limited in catering and service provider for offshore staff.
thecompanyenteredinto theacquisitionof sharesof Nakornchai Prakan Chemical Company Limited in the proportion of 100% of the total issued shares and paid-up shares, completed and allotted shares on April 11, 2016 by operating a business Condensate Splitter. Which produce and Selling solvents and all types of liquefied petroleum products (on February 23, 2017, Nakornchai Prakan Chemical Company Limited changed its name to "Sea Oil Petrochemical Company Limited")
the company established a subsidiary in Singapore called "Sea Oil Petroleum PTE. LTD." Which distributing oil and oil products in Singapore to expand the customer and supplier bases abroad.
the companyhas establisheda subsidiary in LandFederationof Labuan. Malaysia called "Sea Oil Offshore Limited" with the objective to distribute international fuel and expand the business to foreign countries.
the Extraordinary General Meeting no.1/2015, the shareholder’s meeting approved shares acquisition of Nakornchai Prakarn Chemical Company Limited (“NPC”) with 100% of total issued and paid-up shares.The Company finished shares allotment and acquisition of Nakornchai Prakarn on April 11, 2016, who operates in condensate splitter (on February 23, 2017, Nakornchai Prakarn Chemical Company Limited changed its name to "Sea Oil Petrochemical Company Limited").
“Sea Oil Petroleum PTE. LTD.” settled to provide bunkering service for international as to set self in centered of World Bunkering in Singapore.
The Annual General Meeting 2016, The Shareholders’ meeting approved the increase of the company‘s register capital 37,912,428 shares at a par value of Baht 1 each for shareholder dividend payment from existing of baht 379,124,282 to registered capital baht 417,036,710 with paidup baht 415,120,281.
the Company set up “Sea Oil Offshore Limited” in Labuan, Malaysia, with international bunkering customer expansionobjective.
the company invests in 10 solar power plants with a total size of 7.825 megawatts, with all business transfer methods and on February 24, 2017, the company acquired 99.99% of Living Energy Co., Ltd. which operates production and distribution Selling electricity from solar energy (Solar Rooftop).