Logo of Phnom Penh Post newspaper Phnom Penh Post - KrisEnergy survey completed

KrisEnergy survey completed

Content image - Phnom Penh Post
Shearwater Geoservices deployed its vessel, the SW Vespucci, to carry out a 1,200sq km 3D seismic survey of Cambodia’s offshore Block A for Singapore-based KrisEnergy Ltd. Shearwater Geoservices

KrisEnergy survey completed

Singapore-based KrisEnergy Ltd, which operates Cambodia’s offshore Block A, has completed a 1,200sq km 3D seismic survey of the block, according to the company’s press release on Friday.

The survey was completed on time and without any health, safety or environmental incidents said the release.

On June 25, KrisEnergy announced Shearwater Geoservices Singapore Pte Ltd had been awarded the turnkey broadband seismic contract through the wholly-owned subsidiary, KrisEnergy (Apsara) Company Limited.

Shearwater Geoservices deployed its vessel, the SW Vespucci, to carry out the survey.

KrisEnergy investor relations and corporate communications vice-president Tanya Pang told The Post on Sunday that the survey data has been sent for processing.

“The data will provide valuable information of the subsurface over two distinct areas – partially the Apsara development area and also a large portion of Block A where there has been very little data so far and has good potential for further hydrocarbon discoveries,” she said.

She said the data from the Apsara development area will be used to refine the drilling of the development wells in the field.

However, Pang could not provide the exact date that the Kingdom’s first drop of oil would be extracted.

“We cannot state a definite date for the first oil as there are many stages to the project that are interdependent, notwithstanding issues outside of our control such as weather. But we will continue to work all processes in parallel,” she said.

KrisEnergy claimed in March that it will be able to meet its schedule to extract its first drop of oil “late this year”.

The company owns 95 per cent of the Apsara oil field in Block A, while the Cambodian government owns the remaining five per cent.

MOST VIEWED

  • Hun Sen: Full country reopening to be decided in two weeks

    Prime Minister Hun Sen has announced that if the Covid-19 situation remains stable for 15 consecutive days from the end of the October 5-7 Pchum Ben public holiday, Cambodia will reopen fully, albeit in the context of Covid-19 whereby people have to adjust their lives to

  • Cambodia sets new Covid-19 quarantine rules

    The government has modified Covid-19 quarantine requirements, shortening the duration for, among others, Cambodian officials, foreign diplomats and delegations, investors and inbound travellers in general. According to an official notice signed by Minister of Health Mam Bun Heng late on October 16, quarantine length for Cambodian

  • Cambodia unveils new quarantine regulations

    The government has modified Covid-19 quarantine requirements, shortening the duration for, among others, Cambodian officials, foreign diplomats and delegations, investors and inbound travellers in general. According to an official notice signed by Minister of Health Mam Bun Heng late on October 16, quarantine length for Cambodian

  • Will Evergrande change the way Chinese developers do business in Cambodia?

    China’s property sector policy has exposed the grim financial condition of real estate developers including those operating in Cambodia, which raises questions over the viability of their projects and business going forward The dark blue netting draping over one of Yuetai Group Co Ltd’

  • Hun Sen: Cambodia set to fully reopen

    Prime Minister Hun Sen concludes that the October 5-7 Pchum Ben public holiday, during which many people either flocked to their hometowns for family reunion or gathered at tourist attractions across the country, has not caused an outbreak of Covid-19. In a special address to

  • Phnom Penh governor: Show Covid-19 vaccination cards, or else

    Phnom Penh municipal governor Khuong Sreng late on October 5 issued a directive requiring all people aged 18 and over and the parents of children aged 6-17 to produce Covid-19 vaccination cards when entering schools, markets, malls, marts, eateries and other business establishments that have been permitted