Block A oil partner inks finance deal

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.