KrisEnergy Pumps Cambodia’s First Crude in 17 Years

After struggling for years to attract investors and develop its oil-rich fields, the kingdom will extract oil discovered in the Gulf of Thailand in 2004.

A Cambodian concession has commenced production after years of delays in a venture between Singapore’s KrisEnergy and the government. The crude comes from oil fields in Block A, comprising 3083 km2 of the Khmer basin in the oil-rich Gulf of Thailand, off the southwestern coast of Sihanoukville.

The concession will progress in phases once new wells are commissioned and completed.

Kelvin Tang, chief executive of KrisEnergy’s Cambodian operations, called the 29 December event “an important strategic milestone” for the company, while Prime Minister Hun Sen hailed the first extraction as “a new achievement for Cambodia’s economy” and “a huge gift for our nation.”

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