Oil firm ready to push ahead with offshore drilling
Singapore-listed oil and gas firm KrisEnergy Ltd is moving closer to finalising its deal with the Cambodian government that will pave the way for extraction from the Block A offshore oil field once negotiations over a technical strategy and fiscal regime have been finalised. Tanya Pang, the company’s VP for investor relations and corporate communications, said KrisEnergy was looking to finalise the revised licence agreement “as soon as possible”. She added that the agreement would come before Cambodia officially adopts its long-awaited petroleum law. Meng Saktheara, secretary of state at the Ministry of Mines and Energy, said he expects the deal will be signed by next month.
