Cambodia completes its first-ever oil platform


Construction of Cambodia’s first-ever oil platform for its Apsara oil development off the coast in the Gulf of Thailand has been completed and the platform has sailed away to its offshore location.

Manufacturing of the platform for Cambodia’s maiden oil field development began in early December 2019 on Batam Island in Indonesia and was undertaken by KrisEnergy, a Singapore-based company focused on the production and development of oil and gas in the basins of Southeast Asia.

According to Kelvin Tang, KrisEnergy’s chief executive officer and president of KrisEnergy’s Cambodian operations, the construction of the platform in a mere nine months was “remarkable” given the situation amid the coronavirus pandemic.

“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 [extracted] before the end of the year,” he added.

A block with 30 million barrels of oil

The Apsara field in Cambodia Block A lies over the Khmer Basin, a so far unexploited geological basin in Cambodian maritime waters in the Gulf of Thailand.  

In the first phase of the development, oil production is expected to reach a peak rate of 7,500 barrels of oil per day. The entire block is estimated to contain some 30 million barrels of oil, according to Cambodia’s ministry of economy and finance.

Lacking the infrastructure needed to process the commodity, the crude oil will not be refined in the country but Cambodia plans to export it.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

Construction of Cambodia’s first-ever oil platform for its Apsara oil development off the coast in the Gulf of Thailand has been completed and the platform has sailed away to its offshore location. Manufacturing of the platform for Cambodia’s maiden oil field development began in early December 2019 on Batam Island in Indonesia and was undertaken by KrisEnergy, a Singapore-based company focused on the production and development of oil and gas in the basins of Southeast Asia. According to Kelvin Tang, KrisEnergy’s chief executive officer and president of KrisEnergy’s Cambodian operations, the construction of the platform in a mere nine months...


Construction of Cambodia’s first-ever oil platform for its Apsara oil development off the coast in the Gulf of Thailand has been completed and the platform has sailed away to its offshore location.

Manufacturing of the platform for Cambodia’s maiden oil field development began in early December 2019 on Batam Island in Indonesia and was undertaken by KrisEnergy, a Singapore-based company focused on the production and development of oil and gas in the basins of Southeast Asia.

According to Kelvin Tang, KrisEnergy’s chief executive officer and president of KrisEnergy’s Cambodian operations, the construction of the platform in a mere nine months was “remarkable” given the situation amid the coronavirus pandemic.

“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 [extracted] before the end of the year,” he added.

A block with 30 million barrels of oil

The Apsara field in Cambodia Block A lies over the Khmer Basin, a so far unexploited geological basin in Cambodian maritime waters in the Gulf of Thailand.  

In the first phase of the development, oil production is expected to reach a peak rate of 7,500 barrels of oil per day. The entire block is estimated to contain some 30 million barrels of oil, according to Cambodia’s ministry of economy and finance.

Lacking the infrastructure needed to process the commodity, the crude oil will not be refined in the country but Cambodia plans to export it.



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

NO COMMENTS

Leave a Reply