Cambodia hits oil revenue

28 September 2012
The Phnom Penh Post
Civil society / Economy and commerce / Energy / Environment and natural resources / Extractive Industries / Extractive industries policy and administration / Generation and distribution facilities / Human rights / Investment / Land / Marine and coastal areas / Non-renewable energy production / Off-shore oil and gas exploration and extraction / Oil and gas resources / Sihanoukville / Social development / Water resources
Block A / Cambodian National Petroleum Authority (CNPA) / Chevron Corp / Development Partnership in Action / DPA / energy / Gulf of Thailand / natural gas / natural resources / NGOs / offshore oil and gas reserves / offshore oil reserves / oil / oil companies / oil extraction / oil fields / revenue sharing / transparency

Officials yesterday confirmed that the Cambodian government will receive a majority of the revenue share from Chevron’s offshore Block A oil permit area near Sihanoukville in the Gulf of Thailand. The government expects to issue the American oil giant a production permit licence by the end of this year. Ek ThA, A spokesman from the Office of the Council of Ministers said the Cambodian government and Chevron were presently working on the deal, which had not yet been concluded. … Mam Sambath, director of an NGO called Development Partnership in Action (DPA), which focuses on oil and gas transparency, said that revenue sharing was still the big question facing Cambodian civil society. … The Block A oil field is located 157 kilometers off Cambodia’s coast. Chevron drilled 18 exploratory wells before announcing a commercial discovery in 2010. It will build as many as 10 platforms in the 4,709-square-kilometer field over a period of nine years.

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