KrisEnergy, the upstream oil and gas company's Apsara oil development offshore in Block A in Cambodian waters in the Gulf of Thailand. Cambodia has begun extracting its first crude oil from fields in the Gulf of Thailand, in a venture between Singapore's KrisEnergy and the government, both parties said on Tuesday, bringing an end to years of delays. "I ... am pleased to inform all Cambodians about the start of Cambodia's first oil production in the long-awaited Block A," Hun Sen said on his Facebook page. Kelvin Tang, chief executive of KrisEnergy's Cambodian operations, called the event "an important strategic milestone" for the company. Cambodia and Singapore-listed KrisEnergy signed a pact in 2017 to develop 3,083 sq km of the Khmer basin in the Gulf of Thailand known as Block A.

Source: The Standard December 29, 2020 07:41 UTC