Cambodia’s first oil production expected in mid-2020

• Proeksa Meas
• 28 January 2020
• Uncategorized
• 7324 Views

The first drop of oil to be extracted from Cambodia’s offshore oil field territory is closer to reality as the responsible firm KrisEnergy recently cut the first steel for the Apsara oil platform.

According to a press release from KrisEnergy Ltd, the first steel cutting ceremony was held to mark the significant completion progress of the Mini Phase 1A wellhead platform for the Apsara oil field in Block A, in offshore Cambodian waters.

Held on 6 December in Indonesia, the event was also joined by a Cambodian delegation led H.E. Meng Saktheara, Secretary of State of the Ministry of Mines and Energy.

Mini Phase 1A comprises of the mini-platform and five initial development wells connected to the Ingenium II production barge for oil, gas and water processing.

At this stage, the installation and integration have been completed for all the main new packages including power generation, central control room, electrical switch room, living quarters, pedestal crane, electrical transformers and produced-water processing package. Meanwhile, the mechanical completion of all systems is scheduled for January 2020.

According to the same report, oil from Apsara is scheduled to flow in the first half of 2020, and the field is expected to reach a peak rate of 7,500 barrels of oil per day.

“Today is a milestone in the development of the Apsara oil field. Producing Cambodia’s first oil in our offshore waters will be a major step along our road to economic development and national prosperity and is aligned with the government’s key development goals,” said H.E. Meng Saktheara.

The Apsara Oil Field is located in Block A of the Khmer Basin in the Gulf of Thailand, which has been identified as the first productive oil field to be brought online in the Kingdom of Cambodia. (Read more)

On 23 August 2017, KrisEnergy and the Government of Cambodia signed an initial agreement to formally commence development of the Apsara Oil Field under a 95% – 5% share basis, of which the KrisEnergy Group holds 95%, and the government holds 5%.

 

 

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