Offshore Block A provides buzz to Cambodia’s petroleum industry

8 September 2014
Rigzone
Extractive Industries / Government / Ministries and other national bodies / Ministry of Mines and Energy / Off-shore oil and gas exploration and extraction / Oil and gas resources / Oil refineries / On-shore oil and gas exploration and extraction
Block 12 / Block 15 / Block 17 / Block A / Cambodia National Petroleum Authority / Cambodians for Resource Revenue Transparency / Cham Prasidh / Chevron Corp / Chevron Overseas Petroleum Cambodia Limited / CNPA / General Department of Petroleum / GS Energy Corp / International Monetary Fund / Japan Oil Gas and Metals National Corp / JHL Petroleum Ltd / Kim Natacha / KrisEnergy Ltd / MedcoEnergi / Men Den / Ministry of Mines and Energy / MOECO Cambodia Co Ltd / PetroVietnam Exploration Production Corp / PT MedcoEnergi Internasional Tbk / PTT Exploration and Production Co Plc / Singapore / Sok An / Sun Chanthol / Thailand / U.S. Energy Information Administration / World Bank

Recent events, triggered by Singapore-based KrisEnergy Ltd.’s acquisition of Chevron Corp.’s entire stake in Cambodia’s Block A in the Gulf of Thailand, may possibly end the stalemate to develop the country’s only oil discovery to date. The prospect has also rekindled hopes in Cambodia to develop its petroleum industry.

Despite being surrounded by petroleum producers in neighboring Thailand and Vietnam, Cambodia currently produces no oil or gas and is wholly dependent on costly imports to meet its domestic needs. Last year, the Southeast Asian kingdom consumed around 47,490 barrels a day of petroleum, according to the U.S. Energy Information Administration. …

 Cheang Chee Yew
http://www.rigzone.com/news/oil_gas/a/134898/Offshore_Block_A_Provides_Buzz_to_Cambodias_Petroleum_Industry/?all=HG2