Wednesday, August 10, 2022
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

Bamboo Airways makes Cambodia debut with Hanoi-Siem Reap flight

Bamboo Airways makes Cambodia debut with Hanoi-Siem Reap flight

by Khmer Times
August 10, 2022
0
9

Signalling the revival of tourism prospects, Vietnamese leisure airline Bamboo Airways started its flight from Hanoi to Siem Reap on...

Cambodia expects to get $18M by selling nearly 3,000 barrels of crude oil to a Singaporean firm

Cambodia expects to get $18M by selling nearly 3,000 barrels of crude oil to a Singaporean firm

by Khmer Times
August 10, 2022
0
15

Cambodia will generate its first revenue of about $18 million by selling nearly 3,000 barrels of crude oil to a...

Oakwood Premier Phnom Penh offers luxury with homely comfort in Cambodia

Oakwood Premier Phnom Penh offers luxury with homely comfort in Cambodia

by Khmer Times
August 8, 2022
0
15

Oakwood is a global hotel operator and pioneer of the concept of serviced apartments and extended stay segment with over...

Most Popular

Taiwan’s Premier Su Tseng-chang calls China’s Covid-19 lockdowns ‘cruel’

Taiwan’s Premier Su Tseng-chang calls China’s Covid-19 lockdowns ‘cruel’

May 2, 2022
516
China, North Korea halt border rail crossing over Covid-19 fears

China, North Korea halt border rail crossing over Covid-19 fears

May 2, 2022
517
Thai police search for missing monkeypox patient in Phuket

Thai police search for missing monkeypox patient in Phuket

July 23, 2022
38
Thaicom-CAT tie-up for low earth orbit satellite services for Cambodia and other countries

Thaicom-CAT tie-up for low earth orbit satellite services for Cambodia and other countries

July 14, 2020
163
7.2% Inflation in May records decade’s highest inflation in Cambodia

7.2% Inflation in May records decade’s highest inflation in Cambodia

July 21, 2022
30
Is Yuzuru Hanyu about to retire? Japanese figure skating icon to hold news conference

Is Yuzuru Hanyu about to retire? Japanese figure skating icon to hold news conference

July 19, 2022
28

© 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 !!