News
Oil firm ready to ink production-sharing agreement
Executives at Singapore-listed energy firm KrisEnergy Ltd say they have settled terms with the Cambodian government and are ready to sign a long-awaited production-sharing agreement that would pave the way for the first-ever extraction of petroleum from Cambodian territorial waters. Kelvin Tang, KrisEnergy’s chief operating ...
KrisEnergy to consider selling stake in Block A
Singapore-listed KrisEnergy Ltd is considering selling or farming out a stake in its Cambodia Block A offshore oilfield to ease its debt burden, according to the company’s 2016 year-end report. The oil and gas company posted $237.1 million in net losses for the 2016 fiscal ...