Cash-strapped Singapore-headquartered KrisEnergy has been dealt another blow with the independent review of production from its flagship Apsara oilfield offshore Cambodia.
Consultants Netherland, Sewell & Associates (NSAI) studied performance data of Apsara’s five wells since they were brought on stream on 21 February and its conclusions do not make for happy reading.
NSAI estimated ultimate recovery from the five development wells is likely to be “a small fraction” of pre-development estimates, primarily due to significantly lower volume of hydrocarbons-in-place connected to the wells and the geological complexity resulting in smaller oil accumulations.
