The Cambodian government is ready to discuss with Thailand on overlapping claims on an area that holds huge oil and gas deposits in the Gulf of Thailand.
Cambodia’s Ministry of Mines and Energy director-general for petroleum Cheap Sour said the country was ready to negotiate with the Thai side on the 26,000 sq km Overlapping Claim Area (OCA), which has been a point of contention between them since the early 1970s.
Estimated to hold up to 500 million barrels of oil and gas deposits under the seafloor, the countries hope to jointly develop the area and capitalise on its resources.
