Logo of Phnom Penh Post newspaper Phnom Penh Post - KrisEnergy starts 3D seismic survey

KrisEnergy starts 3D seismic survey

Content image - Phnom Penh Post
An artist’s 3D rendering of KrisEnergy’s Apsara oil development project in Cambodia. KRISENERGY LTD

KrisEnergy starts 3D seismic survey

Singapore-based firm KrisEnergy Ltd, which operates Cambodia’s Block A offshore oil development project, has started a 3D seismic survey in the area, a company press release said on Tuesday.

It announced the commencement of a 1,200sqkm survey in the offshore Cambodia Block A concession, where KrisEnergy is developing the Apsara oil field.

It claimed in late March that it will meet its schedule to extract its first drop of oil late this year.

“Shearwater Geoservices Singapore Pte Ltd was awarded the turnkey broadband seismic contract through the wholly owned subsidiary, KrisEnergy (Apsara) Company Limited, and has deployed the vessel SW Vespucci.

“Around 200sq km of the 3D programme will be acquired over the Apsara development area to improve imaging of geological faults and sand bodies to aid in the finalisation of the design of well trajectories ahead of development drilling for first oil,” the company said.

About 1,000sq km will be acquired over a large prospective area in the southwest portion of the concession area, which has been sparsely explored by old 2D seismic lines, to improve data quality over the prospective trend in the western section of Cambodia Block A.

KrisEnergy is an independent upstream company focused on the exploration for and the development and production of oil and gas in Southeast Asia.

It holds working interests in three producing oil or gas licences, two in the Gulf of Thailand and one onshore in Bangladesh.

It also participates in 10 blocks in various stages of development, appraisal and exploration in Bangladesh, Cambodia, Indonesia, Thailand and Vietnam.

KrisEnergy first became a stakeholder for Block A in 2010, before buying the stake owned by Chevron for $65 million. It owns 95 per cent of the Apsara oil field in Block A, with the government owning the remainder.

Minister of Economy and Finance Aun Pornmoniroth said in August 2017 that Block A is believed to hold about 30 million barrels of oil, which could be extracted over the course of nine years.

MOST VIEWED

  • ‘Education’ a priority traffic-law penalty

    A top National Police official on June 21 neither rejected nor confirmed the authenticity of a leaked audio message, which has gone viral on social media, on a waiver of fines for a number of road traffic-related offences. General Him Yan, deputy National Police chief in

  • Pursat Ford assembly plant opens

    The Kingdom’s first Ford assembly plant was inaugurated on June 16 in Pursat province amid rising demand for brand-new vehicles among Cambodians. The facility is seen as a game changer for the domestic automobile industry, which could bring a wave of investors seeking to cash

  • Siem Reap’s $18M zoo said to educate public, help wildlife

    Angkor Wildlife and Aquarium Co Ltd has invested $18 million in a zoo in Siem Reap province, which will be opened in October to educate and promote animal conservation as well as attract national and international tourists. Currently, the Angkor Wildlife and Aquarium is building the

  • Angkor photo rules clarified

    The Apsara National Authority (ANA) denied that it had banned the use of camera tripods in the Angkor Archaeological Park, explaining that the confusion stemmed from a long-standing rule which required commercial photographers and videographers to apply for permission to film. The explanation followed a

  • $50B infrastructure plan en route

    The government’s upcoming $50 billion,10-year infrastructure master plan will provide tremendous investment opportunities for domestic and foreign entities, transport experts and economists say. Minister of Public Works and Transport Sun Chanthol revealed the plan to Japanese ambassador to Cambodia Masahiro Mikami on June 15. At

  • Volunteer scheme to foster ‘virtuous’ humanitarian spirit

    A senior education official said volunteer work contributes to solidarity and promotes a virtuous humanitarian spirit among the youth and communities. Serei Chumneas, undersecretary of state at the Ministry of Education, Youth and Sport, made the comment during the opening of a training programme called “