RH Petrogas updates on steps taken after independent review of Indonesian units

SGX Filings
08/03

RH Petrogas said on Aug, 3 2026 that it has completed a series of governance and control enhancements following an independent review into whistle-blower allegations involving its Indonesian subsidiaries, Petrogas (Basin) Limited and Petrogas (Island) Limited.

The company engaged PricewaterhouseCoopers Risk Services as independent reviewer and WongPartnership as external legal counsel. Acting on the legal counsel’s recommendations, RH Petrogas has: • upgraded its whistle-blowing and disciplinary policies, rolled out an AI-based reporting platform, and trained staff on the new protocols; • reinforced conflict-of-interest, anti-bribery and corruption procedures, introduced annual declarations and tightened vendor due-diligence workflows; • formalised board and committee terms of reference, revised key-performance indicators for senior management, and completed disciplinary actions against certain employees; • improved internal audit coverage, automated procurement and vendor management controls in Indonesia, and enhanced health, safety and environment reporting; • appointed a dedicated legal counsel and asked PwC to review internal controls in procure-to-pay, HR management, and production reporting, receiving an internal-controls report on Jul, 27 2026.

Ongoing initiatives include deploying an AI-enabled governance tool for procurement, digitising HR systems, further updating the internal-audit plan and reallocating internal-audit resources. The board said these measures aim to strengthen internal controls, bolster legal oversight and reinforce the group’s commitment to integrity and ethical business practices.

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