Cambodia’s Oil Extraction on Target

AKP Phnom Penh, August 27, 2020 —

Singapore-based oil and gas exploration company KrisEnergy Ltd. said that fabrication of the minimum facilities wellhead platform (Mini-Platform) for the Apsara oil development offshore Cambodia Block A has been completed and the topsides and jacket are being transported to Cambodian waters in the Gulf of Thailand for installation.

Load out and sail away of the structures were completed on Aug. 25, 2020, the firm said in a press release issued yesterday.

Fabrication of the Mini-Platform for Cambodia’s maiden oil field development commenced in early December 2019 at NOV’s PT Profab facility on Batam Island, Indonesia, the company said.

This marks significant progress to the target of oil extraction before year’s end this year, said Mr. Kelvin Tan, KrisEnergy’s Chief Executive Officer and President of KrisEnergy’s Cambodian operations.

“This landmark is made all the more remarkable given the difficulties and restrictions our project team and our NOV Profab colleagues have faced since early 2020 as a result of the coronavirus pandemic,” he said. “Thanks to the enormous efforts of all parties involved, including suppliers and contractors who have overcome logistical hurdles to keep deliveries of equipment and materials on track to the Batam facility from across the globe, we continue to advance towards our target of first Apsara oil before the end of the year.”

The Apsara field in Cambodia Block A lies over the Khmer Basin, an unproduced geological basin in Cambodian maritime waters of the Gulf of Thailand. Due to the unproven production performance of the basin, development of the Apsara area will be in several phases to mitigate risk and provide time for the collection and analysis of critical data to be applied in future phases.

The Mini Phase 1A Apsara development is expected to reach a peak rate of 7,500 barrels of oil per day.

By Chea Vannak