Government ‘calm’ as KrisEnergy stumbles
As KrisEenergy struggles to stay afloat, reports of investor “vultures” targeting purchasing the company’s assets have appeared, while the local government remains cautiously optimistic about the conundrum, noting that operations in the Khmer Basin are still “running smoothly”. ...
Husain Haider
https://www.khmertimeskh.com/50845534/government-calm-as-krisenergy-stumbles/
KrisEnergy approaches end of the line
KrisEnergy’s oil production dreams in the Khmer Basin appear to be dead in the water after the oil and gas company revealed it was not able to form a viable debt restructuring plan and will lose its revolving line of credit from Singapore-based DBS Bank. ...
Brian Badzmierowski
https://www.khmertimeskh.com/50842923/krisenergy-approaches-end-of-the-line/
Press Release on the Official Signing Ceremony of the Petroleum Agreement for Offshore Oil Field Development in Block A
On 23 August 2017, the official signing ceremony of the Petroleum Agreement for offshore Oil Field Development in Block A, Cambodia, was held between the Royal Government of Cambodia represented by H.E. ACADEMICIAN AUN PORNMONIROTH, Senior Minister, Minister of Economy and Finance and H.E. SUY ...
Ministry of Mines and Energy
Oil firm ready to ink production-sharing agreement
Executives at Singapore-listed energy firm KrisEnergy Ltd say they have settled terms with the Cambodian government and are ready to sign a long-awaited production-sharing agreement that would pave the way for the first-ever extraction of petroleum from Cambodian territorial waters. ...
Kali Kotoski
http://www.phnompenhpost.com/business/oil-firm-ready-ink-production-sharing-agreement
Russia to pursue gas in Thai-Cambodian shelf
Russia’s state-owned energy giant Gazprom is considering gas production on the continental shelf of Thailand and Cambodia, Russian media reported on Friday. ...
The Phnom Penh Post Staff
http://www.phnompenhpost.com/business/russia-pursue-gas-thai-cambodian-shelf
Cambodia has proposed that Russian energy investors tap nation’s oil
Cambodia is turning to Russian investors after Singapore’s KrisEnergy abandoned the only operational offshore oil block in the Kingdom’s waters. ...
Michael Firn
https://www.khmertimeskh.com/50907951/cambodia-has-proposed-that-russian-energy-investors-tap-nations-oil/
Focus shifts to onshore oil and gold mining as offshore exploration stumbles
The Kingdom has a golden future in spite of the crude reality that there may be no more oil extracted from its waters in the near term, according to Prime Minister Hun Sen. ...
Michael Firn
https://www.khmertimeskh.com/50907152/focus-shifts-to-onshore-oil-and-gold-mining-as-offshore-exploration-stumbles/
Iran invited to survey oil, gas in Cambodia
Cambodia has invited Iran to examine the feasibility of developing the Kingdom’s existing oil blocks and requested that the republic conduct further oil and gas exploration studies. ...
The Nation Thailand's staff
https://www.nationthailand.com/international/40012676
Offshore search for oil on the backburner
Singapore-based oil and gas firm KrisEnergy has not responded to inquiries from the government on when it will start work on the offshore field it has the rights to in the Gulf of Thailand known as Block A. ...
May Kunmakara
http://www.khmertimeskh.com/news/23016/offshore-search-for-oil-on-the-backburner/
Indebted oil company reports lower-than-expected oil at Cambodian block
KrisEnergy has warned that its current production rate at Cambodia’s Apsara offshore oil block has yielded only around half the company’s projected peak rate, and it has extended debt repayment deadlines and brought in an engineering firm to assess the situation amid “material uncertainty ...
Danielle Keeton-Olsen
https://vodenglish.news/indebted-oil-company-reports-lower-than-expected-oil-at-cambodian-block/
Kingdom’s oil dreams live on even after driller files for liquidation
KrisEnergy Ltd, the operator of the Apsara oil field development offshore Cambodia, has confirmed that all operations of its subsidiary in Cambodia, KrisEnergy (Cambodia) Ltd, will continue as normal, despite its parent company filing for liquidation on June 4, according to a senior official of ...
May Kunmakara
https://www.phnompenhpost.com/business/kingdoms-oil-dreams-live-even-after-driller-files-liquidation
Firm to study proposed gas pipeline routes
The Council of Ministers has granted Petrochemicals (Cambodia) Refinery Ltd permission to conduct two feasibility studies to explore the viability of onshore and offshore gas pipelines, according to a document released yesterday. ...
Post Staff
http://www.phnompenhpost.com/business/firm-study-proposed-gas-pipeline-routes
Kingdom oil development contract awarded to Keppel
Singapore-based KrisEnergy, which operates Cambodia’s offshore Block A, has awarded a $21.7 million contract to Keppel Shipyard Ltd for the Kingdom’s oil development, its press release issued on Friday said. KrisEnergy announced that its wholly-owned subsidiary, SJ Production Barge Ltd, has contracted Keppel Shipyard Ltd ...
Hin Pisei
https://www.phnompenhpost.com/business/kingdom-oil-development-contract-awarded-keppel
Cambodia hoping to produce oil this year, despite global slump
As the global price of oil craters amid the Covid-19 pandemic, Singapore-based KrisEnergy Ltd remains on track to extract the first drop of oil in the first half of this year, said a Ministry of Mines and Energy senior official. ...
Thou Vireak
https://www.phnompenhpost.com/business/cambodia-hoping-produce-oil-year-despite-global-slump
KrisEnergy set to review bids for drilling services
Singapore-based firm KrisEnergy, which operates Cambodia’s offshore Block A, is now reviewing bids submitted by contractors for integrated drilling services and a facilities platform. They were submitted during the second quarter. ...
Hor Kimsay
https://www.phnompenhpost.com/business/krisenergy-set-review-bids-drilling-services
Deal for oil field finally signed
Cambodia moved a step closer to becoming an oil-producing nation yesterday after the government finalised its long-awaited production-sharing agreement with Singapore-listed KrisEnergy to develop the country’s first oil field. ...
Kali Kotoski
http://www.phnompenhpost.com/business/deal-oil-field-finally-signed
KrisEnergy formally takes over as operator of Cambodia's offshore Block A
Singapore-based KrisEnergy Ltd. (KrisEnergy or the Company), an independent upstream oil and gas company, referred to the announcement dated Aug. 11 in relation to the acquisition of the entire issued and paid up share capital of Chevron Overseas Petroleum (Cambodia) Limited (COPCL) and announces the ...
Rigzone News Staff
http://www.rigzone.com/news/oil_gas/a/135266/KrisEnergy_Formally_Takes_Over_as_Operator_of_Cambodias_Offshore_Block_A
ODA oil, gas field talks progress: report
Senior Cambodian and Thai officials are reportedly discussing a joint development area (JDA) for oil and gas exploration within the 26,000sq km Overlapping Claims Area (OCA) – estimated to hold up to 500 million barrels of oil and gas deposits under the seafloor – in ...
May Kunmakara
https://www.phnompenhpost.com/business/oda-oil-gas-field-talks-progress-report
Oil dispute flares up
Secret meetings between high-ranking Thai and Cambodian officials to solve the demarcation of disputed offshore petroleum resources took place during the administration of Thai Prime Minister Abhisit Vejjajiva, the Cambodian National Petroleum Authority revealed yesterday. In a statement some commentators described as “coordinated attack” by ...
http://www.phnompenhpost.com/index.php/2011083151353/Business/oil-dispute-flares-up.html
Block A oil on track
Last month’s purchase by Singapore-listed KrisEnergy of a 42.75 percent working interest in the Block A offshore energy concession made them a majority owner in the project, with an overwhelming control of 95 percent of the stakes. This acquisition is expected to accelerate the development ...
May Kunmakara
http://www.khmertimeskh.com/news/31655/block-a-oil-on-track/