News

Kingdom’s oil dreams live on even after driller files for liquidation

KrisEnergy Ltd, the operator of the Apsara oil field development offshore Cambodia, has confirmed that all operations of its subsidiary in Cambodia, KrisEnergy (Cambodia) Ltd, will continue as normal, despite its parent company filing for liquidation on June 4, according to a senior official of ...

May Kunmakara
https://www.phnompenhpost.com/business/kingdoms-oil-dreams-live-even-after-driller-files-liquidation

Kingdom seeks buyers for crude amid discouraging production

The government and Singaporean oil exploration firm KrisEnergy Ltd are actively working together to find markets for the crude oil produced offshore Cambodia and to plan for further steps in resource development for Block A, according to a senior government official. ...

May Kunmakara
https://www.phnompenhpost.com/business/kingdom-seeks-buyers-crude-amid-discouraging-production

Cambodia hoping to produce oil this year, despite global slump

As the global price of oil craters amid the Covid-19 pandemic, Singapore-based KrisEnergy Ltd remains on track to extract the first drop of oil in the first half of this year, said a Ministry of Mines and Energy senior official. ...

Thou Vireak
https://www.phnompenhpost.com/business/cambodia-hoping-produce-oil-year-despite-global-slump

First drop of oil by mid-2020, says Hun Sen

Prime Minister Hun Sen on Monday confirmed that Cambodia will extract the first drop of oil from the Apsara oilfield in Cambodia’s offshore Block A by mid-2020. ...

Thou Vireak
https://www.phnompenhpost.com/business/first-drop-oil-mid-2020-says-hun-sen

Kingdom to get 25% local oil

Companies processing petroleum from Cambodia’s oilfields are required to provide a maximum of 25 per cent to meet local needs, according to a law that has been signed off by King Norodom Sihamoni on July 12. It was passed by the Senate in late June. ...

Niem Chheng
https://www.phnompenhpost.com/national/kingdom-get-25-local-oil

Oil firm ready to ink production-sharing agreement

Executives at Singapore-listed energy firm KrisEnergy Ltd say they have settled terms with the Cambodian government and are ready to sign a long-awaited production-sharing agreement that would pave the way for the first-ever extraction of petroleum from Cambodian territorial waters. ...

Kali Kotoski
http://www.phnompenhpost.com/business/oil-firm-ready-ink-production-sharing-agreement

KrisEnergy to consider selling stake in Block A

Singapore-listed KrisEnergy Ltd is considering selling or farming out a stake in its Cambodia Block A offshore oilfield to ease its debt burden, according to the company’s 2016 year-end report. ...

Matthieu de Gaudemar
http://www.phnompenhpost.com/business/krisenergy-consider-selling-stake-block

Oil firm ready to push ahead with offshore drilling

Singapore-listed oil and gas firm KrisEnergy Ltd is moving closer to finalising its deal with the Cambodian government that will pave the way for extraction from the Block A offshore oil field once negotiations over a technical strategy and fiscal regime have been finalised. ...

Kali Kotoski
http://www.phnompenhpost.com/business/oil-firm-ready-push-ahead-offshore-drilling

KrisEnergy formally takes over as operator of Cambodia's offshore Block A

Singapore-based KrisEnergy Ltd. (KrisEnergy or the Company), an independent upstream oil and gas company, referred to the announcement dated Aug. 11 in relation to the acquisition of the entire issued and paid up share capital of Chevron Overseas Petroleum (Cambodia) Limited (COPCL) and announces the ...

Rigzone News Staff
http://www.rigzone.com/news/oil_gas/a/135266/KrisEnergy_Formally_Takes_Over_as_Operator_of_Cambodias_Offshore_Block_A

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