Oil and gas resources

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 ...

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 ...

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. ...

The recent gains in the global price of oil will not affect plans for the development of the Apsara oilfield, according to a representative of the company that holds the rights to the area. ...

KrisEnergy plans to produce oil from Cambodia’s offshore Block A oil deposit next year and forecasted an investment of more than $30 million in the country this year, according to its 2017 annual report. ...

With the first drop of crude oil from the Apsara oilfield expected by next year, officials gathered on Thursday to discuss the much-awaited law on petroleum. Representatives of the Ministry of Mines and Energy, the Ministry of the Environment and the Ministry of Justice were ...

A Chinese-based oil exploration company and a Canadian partner have entered into preliminary negotiations with the government to obtain an exploration license in Block D in the Gulf of Thailand, according to a government spokesman. ...

Australian mining firm Medusa Mining has announced plans to begin exploration for gold, copper and oil in Kratie province’s Prek Kampi commune, about 35 kilometres west of a stretch of the Mekong River that is home to endangered river dolphins. ...

Singapore’s KrisEnergy, the operator of Cambodia’s offshore Block A in the Gulf of Thailand, announced late last week that it has submitted documentation to the Ministry of Environment for a proposed 1,200-square-kilometre 3D seismic survey of its offshore tenement next year. ...

Singapore’s KrisEnergy, the operator of Cambodia’s offshore Block A in the Gulf of Thailand, announced on Friday that in 24 months the Kingdom will be an oil producing nation after the firm made its final investment decision that day for extraction in the Apsara oil ...

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. ...

Retail prices for gasoline have gradually increased by approximately 5 percent since December last year, raising concern from motorists. ...

Singapore-based oil and gas company KrisEnergy is scheduled to sign an agreement with the Cambodian government next Wednesday for the extraction of petroleum from Block A to develop the Aspara oil field. ...

The government and KrisEnergy, a Singapore-listed oil and gas firm, are set to sign a petroleum agreement this month to pave the way for the company to start the groundwork for the extraction of oil from Bloc A, which is expected to start in 2019, ...

A number of Japanese companies have their eyes on Cambodia’s energy and gas sector, an opportunity welcomed by the government which has asked for studies to be carried out before any investment can be made. ...

After years of delays and setbacks, the Cambodian firm set to operate the Kingdom’s landmark oil refinery finally broke ground yesterday on a $1.62 billion project with an updated completion date set for the middle of 2019. ...

Construction of phase one of a landmark $3 billion oil refining plant kicks off today in Sihanoukville province, after many delays since the company announced plans in December 2012. ...

Russia’s state-owned energy giant Gazprom is considering gas production on the continental shelf of Thailand and Cambodia, Russian media reported on Friday. ...

Singapore listed oil and gas firm KrisEnergy says it is ready to sign an agreement with the Cambodian government after completing details of a revised sharing contract for the Block A oilfield. ...

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. ...

Singapore-listed KrisEnergy Ltd is considering selling or farming out a stake in its Cambodia Block A offshore oilfield to ease its debt burden, according to the company’s 2016 year-end report. ...

Road users can expect to pay up to 500 riel ($0.12) more per liter of fuel due to the increase in global crude oil prices after the government last March pegged local prices to that of the international market, a Commerce Ministry official said yesterday. ...

A mysterious cluster of crude oil storage tanks recently constructed on the coast near Kampot are linked to a $400 million project by timber baron Try Pheap to build an industrial park and oil refinery, government officials confirmed yesterday. ...

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 ...