Plans to Open Up Bidding on 19 Petroleum Concessions

Whether you're a working stiff or a business owner yourself, this is the place to discuss all aspects of financing your drinking habit ;-)

NO BUSINESS SALES HERE PLEASE, WE HAVE A SECTION FOR THAT IN THE CLASSIFIEDS.
User avatar
General Mackevili
The General
Posts: 18418
Joined: Tue May 06, 2014 5:24 pm
Reputation: 3408
Location: The Kingdom
Contact:
United States of America

Plans to Open Up Bidding on 19 Petroleum Concessions

Post by General Mackevili »

BANGKOK, Nov 5 (Reuters) - Cambodia plans to open bids for concessions on 19 onshore oil and gas exploration blocks to promote investment in the sector, a senior official at the country's Ministry of Mines and Energy said on Wednesday.

The Southeast Asian country is also keen to talk with international investors about acquiring stakes in six offshore blocks, Diep Sareiviseth, deputy director general at the ministry and in charge of international petroleum affairs, told reporters in Bangkok.

Hit by wars and regional conflicts, Cambodia has struggled to finalise its legal and fiscal regime for its petroleum, and the launch of production at Block A, the first significant oil discovery in Cambodia, has been delayed for years.

Block A is now under supervision of KrisEnergy Ltd after the Singapore-based upstream oil and gas firm agreed to a $65 million deal to buy out Chevron Corp's interest in the offshore block in the Gulf of Thailand.

Sareiviseth said no certain date of bidding was decided yet on the 19 onshore blocks, which are "available for any interested companies".

A preliminary survey showed positive results at two of the onshore blocks and drilling is expected to begin next year, he said, without providing any further details.

Cambodia is also planning to build its first oil refinery in Sihanoukville on the country's southeast coast. In early 2013, Chinese engineering firm Sinomach China Perfect Machinery Industry Corp and Cambodian Petrochemical Company had announced they would jointly build a $2.3 billion oil refinery.

However, completion of the 5-million-tonnes-a-year (100,000-barrels-per-day) refinery is expected to.....

...click link to continue reading...

http://mobile.reuters.com/article/idUSL ... 5?irpc=932
"Life is too important to take seriously."

"Life does not cease to be funny when people die any more than it ceases to be serious when people laugh."

Have a story or an anonymous news tip for CEO? Need advertising? CONTACT ME

Cambodia Expats Online is the most popular community in the country. JOIN TODAY

Follow CEO on social media:

Facebook
Twitter
YouTube
Google+
Instagram
User avatar
The Add Jay
Expatriate
Posts: 894
Joined: Fri May 16, 2014 8:10 pm
Reputation: 4
Location: Nung river
Libya

Re: Plans to Open Up Bidding on 19 Petroleum Concessions

Post by The Add Jay »

Do you remember when they wanted to do offshore drilling earlier this year with Chevron? Chevron was geared up to seriously helping Cambodia but it fell apart very quickly. They refuse to learn how to conduct business like a grown up not like a belt seller at central market.
You're a nobody in the gutter with a Smartphone in your a hand.


Ordinem ad Imperium
User avatar
General Mackevili
The General
Posts: 18418
Joined: Tue May 06, 2014 5:24 pm
Reputation: 3408
Location: The Kingdom
Contact:
United States of America

Re: Plans to Open Up Bidding on 19 Petroleum Concessions

Post by General Mackevili »

Yep. And another big planned project like that a few years ago.
"Life is too important to take seriously."

"Life does not cease to be funny when people die any more than it ceases to be serious when people laugh."

Have a story or an anonymous news tip for CEO? Need advertising? CONTACT ME

Cambodia Expats Online is the most popular community in the country. JOIN TODAY

Follow CEO on social media:

Facebook
Twitter
YouTube
Google+
Instagram
Post Reply Previous topicNext topic
  • Similar Topics
    Replies
    Views
    Last post

Who is online

Users browsing this forum: armchairlawyer, Cooldude, phuketrichard, steevee, Zyzz and 194 guests