05 November 2014 12:11 GMT
Cambodia aims to put 19 onshore blocks up for grabs as the
South-East Asian nation also hunts interested parties for a further six
offshore tracts, according to a report.
Drilling at one or more of the onshore concessions is
set to kick off as early as next year, Reuters cited Diep Sareiviseth,
deputy director general at the Ministry of Mines and Energy, as telling
reporters in Bangkok on Wednesday.
No date for the start of bidding on the 19 onshore blocks has yet been set, but they will be made available “to any interested companies,” he said, according to the news wire.
Cambodia is a lightweight in terms of oil and gas activity. Early last month Singapore-based player KrisEnergy formally took control of Block A from US supermajor Chevron in a $65 million deal.
The contract area covers 4709 square kilometres over the Khmer basin in the Gulf of Thailand.
Phase one of the project includes 24 development wells from a single platform, with oil to be processed and then stored in an offshore vessel before sale.
Production from the initial single platform is expected to peak at about 10,000 barrels of oil per day.
Kris is joined by Mitsui Oil Exploration and GS Energy in the block.
No date for the start of bidding on the 19 onshore blocks has yet been set, but they will be made available “to any interested companies,” he said, according to the news wire.
Cambodia is a lightweight in terms of oil and gas activity. Early last month Singapore-based player KrisEnergy formally took control of Block A from US supermajor Chevron in a $65 million deal.
The contract area covers 4709 square kilometres over the Khmer basin in the Gulf of Thailand.
Phase one of the project includes 24 development wells from a single platform, with oil to be processed and then stored in an offshore vessel before sale.
Production from the initial single platform is expected to peak at about 10,000 barrels of oil per day.
Kris is joined by Mitsui Oil Exploration and GS Energy in the block.
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