Firm Plans Impact Assessments off Preah Sihanouk

Mirach Energy Ltd., formerly known as China Petrotech Holding Ltd. (CPHL), announced on Tuesday that its Cambodian counterpart, CPHL (Cambodia), had contracted two companies to conduct environmental impact studies for offshore assets in Block D, off the coast of Preah Sihanouk province.

Mirach Energy said in a statement that two firms, International Environmental management Company and SAWAC Consultants for Development Company, would start the environmental impact assessment this month. …

Mirach Energy, a Hong Kong-based investment holding which specializes in oil and gas exploration in Southeast Asia, estimated in 2007 that Block D could contain about 227 million barrels of oil and 14 billion cubic meters of natural gas. …