KrisEnergy says debt won’t affect plan for Cambodia’s first drop of oil by 2020

Singapore based oil and gas firm KrisEnergy said on Wednesday that financial setbacks will not affect its plan to produce Cambodia’s first oil by 2020 as scheduled, after being granted a three-month moratorium by a Singaporean court to give the company “breathing space” to restructure its $476-million debt.

Oil exploration license for Chinese firm expected ‘soon’

An oil exploration license is expected to be signed “soon” with a Chinese company for the exploration of Block D in the Gulf of Thailand, a government spokesman said on Thursday. Block D is a 5,500-square-kilometer concession formerly licensed to Cambodian firm CPHL. The previous license was revoked in 2016, reportedly due to failure to meet the terms of the agreement.