Saturday, February 4, 2023
Khmer Daily Cambodia News
34 °c
Phnom Penh
  • LATEST
  • CAMBODIA
  • ASIA
    • JAPAN
    • SOUTH KOREA
    • TAIWAN
  • WORLD
    • CHINA
    • RUSSIA
  • BUSINESS CAMBODIA
  • TECHNOLOGY
No Result
View All Result
  • LATEST
  • CAMBODIA
  • ASIA
    • JAPAN
    • SOUTH KOREA
    • TAIWAN
  • WORLD
    • CHINA
    • RUSSIA
  • BUSINESS CAMBODIA
  • TECHNOLOGY
No Result
View All Result
The Khmer Daily
No Result
View All Result
Home ASIA Cambodia

KrisEnergy provides update on operations in Cambodia

June 3, 2021
in Business, Cambodia, National
0
KrisEnergy provides update on operations in Cambodia
0
SHARES
26
VIEWS
Share on FacebookShare on Twitter

Singaporean oil and gas exploration company KrisEnergy – which is developing an offshore oilfield in Cambodian waters – released a statement yesterday outlining its current development and production update for all its international projects.

The COVID-19 pandemic has caused a devastating impact on demand for oil and gas and an unprecedented supply glut has presented monumental challenges to the company.

In response, KrisEnergy announced it has implemented its “COVID-19 pandemic continuity plan” resulting in-office staff working from home and the removal of all non-essential personnel from field operations and lengthening shift rotations for all its current oil and gas operations, including in the Gulf of Thailand.

The company has advised it is also continuing to liaise with both suppliers and contractors to resolve anticipated disruptions to deliveries of equipment and materials, a result of logistical delays and travel restrictions for personnel because of COVID-19.

For the local “Apsara oil field” located in Cambodian waters in the Gulf of Thailand and developed with the Cambodian Government, KrisEnergy has stated it will continue to work with advisers and stakeholders to implement its financial restructuring and will continue to advance the development of the Apsara oil field.

KrisEnergy only last week secured an $87 million credit facility agreement for its KrisEnergy (Apsara) Co Ltd, the concession holder offshore oil field, backed by Kepinvest Singapore Pte.

Recent events are part of a long line of setbacks for the company, after earlier in the year advising shareholders that it would have to appear in a Singaporean court to restructure its debt load, which stood at $476.8 million.

This article was first published in Khmer Times. All contents and images are copyright to their respective owners and sources.

Tags: CambodiaKrisEnergy
Previous Post

Trade between Cambodia and the United States rise 35% in Q1

Next Post

Cambodia to export fresh food to S. Korea by end of June 2020

Related Posts

Cambodia confirms readiness to exit the Least Developed Countries (LDC) status

Cambodia confirms readiness to exit the Least Developed Countries (LDC) status

by Khmer Times
February 3, 2023
0
4

Cambodia confirmed its readiness to exit the Least Developed Countries (LDC) status, saying that studies on the impacts of the...

Cambodia cashew production likely to touch 1 million tons this year

Cambodia cashew production likely to touch 1 million tons this year

by Khmer Times
January 31, 2023
0
9

The cashew season has begun with the start of picking cashew nuts in the Kingdom, and growers of the commodity...

Cambodia GDP expects to growth 5.6 percent in 2023

Cambodia GDP expects to growth 5.6 percent in 2023

by Khmer Times
January 26, 2023
0
3

Cambodia is expected to register a 5.6 percent GDP growth in 2023, according to the Ministry of Economy and Finance....

Most Popular

Passenger in Nepal plane crash livestreams last seconds of his life on Facebook

Passenger in Nepal plane crash livestreams last seconds of his life on Facebook

January 18, 2023
31
Nepal plane crash searchers rappel, fly drones to find last passengers

Nepal plane crash searchers rappel, fly drones to find last passengers

January 18, 2023
26
Prince William feared Prince Harry was being ‘brainwashed’ by his therapist

Prince William feared Prince Harry was being ‘brainwashed’ by his therapist

January 9, 2023
17
California doctor who drove Tesla off cliff to be charged with attempted murder

California doctor who drove Tesla off cliff to be charged with attempted murder

January 6, 2023
16
Japanese firm to study urban, provincial railways in Cambodia

Japanese firm to study urban, provincial railways in Cambodia

January 11, 2023
16
UK paper group bids to throw out Prince Harry and others’ privacy lawsuits

UK paper group bids to throw out Prince Harry and others’ privacy lawsuits

January 14, 2023
15

© 2020 By Khmer Daily News

No Result
View All Result
  • Home
  • Latest
  • Cambodia
  • ASIA
  • World
  • Business
  • Tech

© 2019 The Khmer Daily.

error: Content is protected !!