KrisEnergy (Apsara) and KrisEnergy (Cambodia) have entered a credit facility agreement with Kepinvest Singapore covering a loan of up to $87 million.
This will be used to help fund development of parent group KrisEnergy’s offshore Cambodia block A Apsara oil and gas field development in the Khmer basin of the Gulf of Thailand.
A minimum facilities wellhead platform is currently under construction. Due to uncertainties over production from the Khmer basin, the Apsara development is being phased to mitigate risk and provide time for compiling and analyzing data.
