Ministry to Review Oil Company’s Plans

The company that has been given production rights over a 5,500-square-km area off the coast of Sihanoukville known as Block D has been given 10 days to submit their exploration plans to be reviewed by the Mines and Energy Ministry, a spokesman said Thursday.

“Before reaching the drilling stage, the ministry requires the companies to prepare and submit a clear action plan of drilling and documents that showcase the financial and technical abilities of each company,” said Meng Saktheara, spokesman for the ministry, after a meeting Thursday with CPHL Cambodia.

Mirach Energy Ltd., which owns 48 percent of CPHL Cambodia, announced in a press release Wednesday that they have partnered with two Chinese companies—PST Service Corporation and Chengdu Western Union Petro Engineering Technology Co.—which will provide technical services during the exploration.

According to Mr. Saktheara, CPHL has conducted geological and geophysical surveys over a period of seven years —between 2006 and 2013—to identify the location of potential oil reserves.

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