Southeast Asia-focused oil company KrisEnergy has reached a loan deal with Kepinvest Singapore, that should help the company bring online its Apsara offshore project in Cambodia’s Block A on time, and remove the risk of losing the license.
Namely, KrisEnergy had in April 2020 struck a deal with Kepinvest for a loan of US$87 million in aggregate, aimed for the development of the first phase of the offshore oil and gas project in Cambodia.
The loan was split into two tranches; Facility A of up to US$30 million; and Facility B up to US$57 million. The Facility B utilisation was subject to the lender’s approval.
