Search form

Login - Register | FOLLOW US ON

Logo of Phnom Penh Post newspaper Phnom Penh Post - Oil, gas production not expected before 2018

Oil, gas production not expected before 2018

Cambodia's oil and gas reserves will not see any production until at least 2018, according to a report by London-based BMI.

“A deferral of development at KrisEnergy’s Block A, which is the most progressive development in the country, prompted us to remove our forecast of 80 [million barrels] of proven oil reserves in 2016,” the report said.

It said the Cambodian government had confirmed that exploration had stopped and that the Kingdom’s first oil refinery, set to start in 2019, had scaled back its original production projections from 100,000 barrels per day to 40,000.

1

Comments

Please, login or register to post a comment
Don Rennie's picture

Dear Staff,

Oil exploration and production is something the government should have supported years ago.

Then as with now, you will have the issue of corruption to deal with. The CPP continues to plays a losing game. One only has to read the Global Witness report "Hostile Takeover."

DR

Latest Video

Explore the durian and rubber farms of Kampong Cham

Take a drive north of Kampong Cham, past the dirt roads and the dense greenery.

Kem Sokha talks politics, power and Hun Sen

Kem Sokha, leader of the Cambodia National Rescue Party, sat down with The Post’s Alex Willemyns and Mech Dara to discuss his supporters’ initial disappointment with this year’s

NEC officials tally votes during a recount last week in Phnom Penh.

Cambodia’s National Election Committee last week rejected 33 of 61 complaints filed over the conduct of June 4’s commune election, according to a s

People search for their names on the voter lists at a polling station in Kampong Cham’s Veal Vong commune earlier this month.

Four years ago, when the opposition snatched Kampong Cham away from the ruling party in 2013 national elections, it hinted at a deeper shift taking