Singapore’s KrisEnergy buys out Chevron in Cambodian oil block

11 August 2014
Rigzone
Domestic investors / Economy and commerce / Energy / Energy policy and administration / Extractive Industries / Extractive industries policy and administration / Foreign investors / Government / Investment / Ministries and other national bodies / Non-renewable energy production / Off-shore oil and gas exploration and extraction / Oil and gas resources
Block A / Chevron Corp / Chevron Overseas Petroleum (Cambodia) Ltd / GS Energy Corporation / Gulf of Thailand / KrisEnergy Ltd / MOECO Cambodia Co Ltd / Singapore

Singapore-based upstream oil and gas firm KrisEnergy Ltd said on Monday it has agreed a $65 million deal to buy out Chevron Corp’s interest in an offshore oil block in Cambodia and take over as the block’s operator. KrisEnergy said in a statement it plans to acquire the entire issued share capital of Chevron Overseas Petroleum (Cambodia) Ltd, a subsidiary of the global oil company. …

 Rigzone News Staff
https://www.rigzone.com/news/oil_gas/a/134474/Singapores_KrisEnergy_Buys_Out_Chevron_In_Cambodian_Oil_Block