Extractive Industries

Oil and gas resources

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

Record-low oil prices to to continue

A grim report on the world economy by the International Monetary Fund (IMF) yesterday caused oil prices to continue to slide, with international prices hitting the lowest level since 2002 as planned output cuts were deemed insufficient to offset a COVID-19-fuelled slump in demand. ...

Harrison White
https://www.khmertimeskh.com/50713728/record-low-oil-prices-to-to-continue/

Oil deal expected with Canadian firm

The government and Canadian firm EnerCam Co will soon sign an oil exploration agreement for Block VIII in Preah Sihanouk province, a senior official at the General Department of Petroleum said on Monday. ...

Thou Vireak
https://www.phnompenhpost.com/business/oil-deal-expected-canadian-firm

As KrisEnergy gears up to produce Cambodia’s first drop of oil, it has been besieged by creditors

The company told shareholders that it will appear in court in Singapore next Monday to request a second three-month extension to a debt moratorium. The moratorium has been in place since August, when KrisEnergy began efforts to restructure its debt load, which stood at $476.8 ...

Khmer Times Staff
https://www.khmertimeskh.com/50693541/as-krisenergy-gears-up-to-produce-cambodias-first-drop-of-oil-it-has-been-besieged-by-creditors

KrisEnergy to sell Vietnam oil block and focus on diversion to Cambodia field

Singaporean oil and gas company KrisEnergy has decided to give up one of its oil exploration blocks in Vietnam to focus on its operations in Cambodia. ...

Jose Rodriguez T. Senase
https://www.khmertimeskh.com/50692143/krisenergy-to-sell-vietnam-oil-block-and-focus-on-diversion-to-cambodia-field

Chinese company granted licence to explore Block D

Chinese-owned Cambodian Resources Energy Development Co Ltd has been granted a three-year exploration licence in the Gulf of Thailand’s Block D, off the coast of Cambodia, a senior official at the General Department of Petroleum told The Post on Thursday. ...

Thou Vireak
https://www.phnompenhpost.com/business/chinese-company-granted-licence-explore-block-d

Black gold on the horizon

The Ministry of Mines and Energy signed  a petroleum agreement with Cambodia Resources Energy Development Co on exploration of the offshore Block D oilfield. “Signing the agreement allows the company to conduct studies and search for oil in Block D,” Cheap Sour, director-general of Petroleum ...

Chea Vannak
https://www.khmertimeskh.com/50690818/black-gold-on-the-horizon

LNG imported from China to Cambodia

Local business Cambodian Natural Gas Co Ltd and Chinese firm CNOOC Gas Power Group Co Ltd teamed up in importing liquefied natural gas (LNG) to distribute within Cambodia’s market. The company’s officers said the cooperation is to import the LNG to supply  demand in the ...

Chea Vannak
https://www.khmertimeskh.com/50680059/lng-imported-from-china-to-cambodia

United States shows interest in energy sector

Ambassador Patrick Murphy has expressed willingness to push private investors in the United States to work with the Kingdom’s oil and gas sector, so long as Cambodia is keen to coordinate with them. ...

Sun Mesa
https://www.khmertimeskh.com/50671915/united-states-shows-interest-in-energy-sector

Energy officials get training on oil inspections

The Ministry of Mines and Energy yesterday provided its first-ever training to 216 provincial and ministry officials to increase their knowledge on the inspection of the Kingdom’s oil industry. ...

Sun Mesa
https://www.khmertimeskh.com/50666476/energy-officials-get-training-on-oil-inspections/

First drop of oil by mid-2020, says Hun Sen

Prime Minister Hun Sen on Monday confirmed that Cambodia will extract the first drop of oil from the Apsara oilfield in Cambodia’s offshore Block A by mid-2020. ...

Thou Vireak
https://www.phnompenhpost.com/business/first-drop-oil-mid-2020-says-hun-sen

KrisEnergy signs letter of award for Cambodia oil mini-platform

KrisEnergy (Apsara) Co Ltd signed a conditional letter of award with PT Profab for the supply of a minimum facilities wellhead “mini-platform” for the Apsara oilfield – Cambodia’s maiden oil development – its Singapore-based parent company KrisEnergy Ltd said on Wednesday. The move is a ...

Hin Pisei
https://www.phnompenhpost.com/business/krisenergy-signs-letter-award-cambodia-oil-mini-platform

Kingdom to get 25% local oil

Companies processing petroleum from Cambodia’s oilfields are required to provide a maximum of 25 per cent to meet local needs, according to a law that has been signed off by King Norodom Sihamoni on July 12. It was passed by the Senate in late June. ...

Niem Chheng
https://www.phnompenhpost.com/national/kingdom-get-25-local-oil

KrisEnergy starts 3D seismic survey

Singapore-based firm KrisEnergy Ltd, which operates Cambodia’s Block A offshore oil development project, has started a 3D seismic survey in the area, a company press release said on Tuesday. It announced the commencement of a 1,200sqkm survey in the offshore Cambodia Block A concession, where ...

Sorn Sarath
https://www.phnompenhpost.com/business/krisenergy-starts-3d-seismic-survey

Construction of $620m oil refinery delayed

Construction of an oil refinery straddling two provinces in the South is going ahead slower than expected, with the project now scheduled for completion in 2022, the Ministry of Mines and Energy said. The first phase of the oil refinery, located on 365 square metres ...

Chea Vannak
https://www.khmertimeskh.com/50601964/construction-of-620m-oil-refinery-delayed/

KrisEnergy set to draw first drop of oil this year

Singapore-based firm KrisEnergy Ltd, which operates Cambodia’s offshore Block A, claims it will be able to meet its schedule to extract its first drop of oil late this year. The firm has actively prepared all necessary facilities for the production, Ministry of Mines and Energy ...

Hor Kimsay
https://www.phnompenhpost.com/business/krisenergy-set-draw-first-drop-oil-year

Concerns over Koh Rong Samloem petrol station

Community representatives and civil society groups have hit out at plans for a petrol station on Preah Sihanouk province’s Koh Rong Samloem, expressing concern at the environmental impact the project will have on the tourist hotspot. ...

Voun Dara
https://www.phnompenhpost.com/national/concerns-over-koh-rong-samloem-petrol-station

Angkor Gold exploring oil and gas potential in Cambodia

Cambodia-focused mineral exploration company Angkor Gold is actively pursuing oil and gas opportunities in Cambodia in addition to its current roster of mineral exploration projects. The Canadian-listed explorer has been in operation in the Asian nation since 2012, closing 10 deals with a combined value of US$19.50 million within ...

Georgia Williams
https://investingnews.com/daily/resource-investing/energy-investing/oil-and-gas-investing/angkor-gold-exploring-potential-cambodia/

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

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

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