KrisEnergy secures loan for Apsara oil project offshore Cambodia

KrisEnergy (Apsara) and KrisEnergy (Cambodia) have entered a credit facility agreement with Kepinvest Singapore covering a loan of up to $87 million.

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.

In full: https://www.offshore-mag.com/field-development/article/14175159/krisenergy-secures-loan-for-apsara-oil-project-offshore-cambodia

Related Stories

Latest News

The Weekly DispatchA new weekly newsletter from The Cambodia Daily delivering news, analysis and opinion to your inbox. Published every Friday at 11:30am. Sign up today.