Block A oil partner inks finance deal

26 July 2011
The Phnom Penh Post
Economy and commerce / Energy / Energy policy and administration / Extractive Industries / Extractive industries policy and administration / Generation and distribution facilities / Off-shore oil and gas exploration and extraction / Oil and gas resources
America / Block A / Cambodia / Cayman Islands / Chevron Corp / Chevron Overseas Petroleum Cambodia Limited / Gareth Johnstone / GS Caltex / Japanese aid / Krisenergy Holding Company / Mitsui Oil Exploration Company / Offshore petroleum / Pareto Securities / Singapore / Standard Bank Plc / Stephen Clifford / Sumitomo Mitsui Banking Corp / Thailand

Chevron partner KrisEnergy Holding Company has secured $115 million for its projects in the offshore petroleum area known as Block A . Block A is leased by Chevron Overseas Petroleum Cambodia Limited with 30 percent interest, KrisEnergy Holding Company with 25 percent, Mitsui Oil Exploration Company with 30 percent and GS Caltex with 15 percent. Together the partners are working to develop the oil discoveries and hoping to turn the area into a producing oil site.

http://www.phnompenhpost.com/index.php/2011072550613/Business/block-a-oil-partner-inks-finance-deal.html