Cambodia Signs Deal First-Ever Offshore Oil

The government of Cambodia signed on Wednesday an agreement
with Singapore-listed KrisEnergy Ltd to develop Cambodia’s first
oil field that is expected to produce the country’s first-ever own
oil within 24 months after the project launch. KrisEnergy, which
has been operator of Cambodia Block A in the Gulf of Thailand since
2014, plans to develop the Apsara area in the northeastern part of
the concession. As per terms of the agreements, KrisEnergy has 60
days to declare a final investment decision that would mark the
formal launch of…

The government of Cambodia signed on Wednesday an agreement
with Singapore-listed KrisEnergy Ltd to develop Cambodia’s first
oil field that is expected to produce the country’s first-ever own
oil within 24 months after the project launch. KrisEnergy, which
has been operator of Cambodia Block A in the Gulf of Thailand since
2014, plans to develop the Apsara area in the northeastern part of
the concession. As per terms of the agreements, KrisEnergy has 60
days to declare a final investment decision that would mark the
formal launch of…