Logo of Phnom Penh Post newspaper Phnom Penh Post - Kingdom’s oil extraction on target for year’s end, says firm

Kingdom’s oil extraction on target for year’s end, says firm

Content image - Phnom Penh Post
KrisEnergy is currently developing the Apsara oil field in Block A of the Khmer Basin in the Gulf of Thailand. KrisEnergy

Kingdom’s oil extraction on target for year’s end, says firm

Singapore-based oil and gas exploration company KrisEnergy Ltd said on Wednesday that the fabrication of the minimum facilities wellhead platform (Mini-Platform) for the Apsara oil development offshore Cambodia has been completed and its components are on their way to the Kingdom’s waters.

The load-out and sail-away of the topsides and jacket (the legs of the platform) were completed on Tuesday, it said.

This marks a significant step towards the company’s ambitious target of extracting the first drop of oil before the year’s end.

KrisEnergy is currently developing the Apsara oil field in Block A of the Khmer Basin in the Gulf of Thailand.

It said the fabrication of the Mini-Platform began early in December at the facility of PT NOV Profab, a subsidiary of Houston, US-based oilfield equipment supplier National Oilwell Varco Inc (NOV), on Indonesia’s Batam Island.

Kelvin Tang, the CEO of Kris Energy and president of wholly-owned subsidiary KrisEnergy (Apsara) Company Ltd, noted that nine months had elapsed from the “first steel-cutting” to the “sail-away”.

He said: “This landmark is made all the more remarkable given the difficulties and restrictions our project team and ours NOV Profab colleagues have faced since early 2020 as a result of the coronavirus pandemic.

“Thanks to the enormous efforts of all parties involved, including suppliers and contractors who have overcome logistical hurdles to keep deliveries of equipment and materials on track to the Batam facility from across the globe, we continue to advance towards our target of first Apsara oil before the end of the year.”

Cheap Sour, director-general of the Ministry of Mines and Energy’s General Department of Petroleum, confirmed to The Post on Wednesday that the Mini-Platform was en route to its offshore location and is expected to arrive within five days.

“We appreciate the company’s efforts to develop the project and meet its target despite the disruption brought on by the pandemic.

“According to the plan, it’ll take the Mini-Platform five days to arrive at the development project.

“Unless we encounter adverse weather conditions, installing the platform will take another 12 days,” he said, adding that the production barge would be transported at a later date.

NOV Profab managing director Kim Lamb said it was great to play an integral role in such a pioneering project for the Kingdom.

“The NOV and the KrisEnergy project teams worked closely together, adopting a fully integrated team approach to deliver a quality platform which is a true testimony of the dedication of all involved. We look forward to working with KrisEnergy again in the future,” Lamb said.

KrisEnergy noted that the Apsara oil field is “an unproduced geological basin in Cambodian maritime waters of the Gulf of Thailand”.

It said: “Due to the unproven production performance of the basin, development of the Apsara area will be in several phases to mitigate risk and provide time for the collection and analysis of critical data to be applied in future phases.

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

“The Mini Phase 1A Apsara development is expected to reach a peak rate of 7,500 barrels of oil per day.”

MOST VIEWED

  • Phnom Penh curfew starts today

    A two-week curfew from 8pm to 5am starts today in Phnom Penh, a day after a sub-decree detailing administrative measures to contain Covid-19 was issued by Prime Minister Hun Sen. “Travelling in Phnom Penh is temporally banned between 8pm and 5am,” said Phnom Penh governor

  • Cambodia on the verge of national tragedy, WHO warns

    The World Health Organisation (WHO) in Cambodia warned that the country had reached another critical point amid a sudden, huge surge in community transmission cases and deaths. “We stand on the brink of a national tragedy because of Covid-19. Despite our best efforts, we are

  • Cambodia gears up for muted New Year festival

    The recent curfew and restrictions imposed in the capital and other Covid-19 hotspots were intended to break the chain of transmission, Ministry of Health spokeswoman Or Vandine said as municipal and provincial authorities issued new directives banning certain activities during the upcoming Khmer New Year

  • Vaccination open to foreigners in Cambodia

    The Ministry of Health on April 8 issued an announcement on Covid-19 vaccination for foreigners residing and working in Cambodia, directing the Ministry of Labour and Vocational Training and local authorities to register them. Health minister Mam Bun Heng, who is also head of the inter-ministerial

  • Covid-19 vaccination now obligatory

    Prime Minister Hun Sen on April 11 issued a sub-decree making Covid-19 vaccination compulsory for individuals unless they have a medical certificate proving they have pre-existing health conditions that prevent them from doing so. «This applies to all members of the armed forces and civil servants

  • Time to Rise by rapper, chapei legend is viral hit with ancient-modern mix

    Kong Nay is known internationally as the master of the chapei dang veng, a traditional Cambodian instrument resembling a long-necked lute or guitar with two nylon strings that he was already playing professionally by the age of 15. Nay is sometimes referred to as the Cambodian