Logo of Phnom Penh Post newspaper Phnom Penh Post - Preliminary negotiations over Block D exploration begin

Preliminary negotiations over Block D exploration begin

A view of a drilling platform off the coast of Thailand. Supplied
A view of a drilling platform off the coast of Thailand. Supplied

Preliminary negotiations over Block D exploration begin

A Chinese-based oil exploration company and a Canadian partner have entered into preliminary negotiations with the government to obtain an exploration license in Block D in the Gulf of Thailand, according to a government spokesman.

Cheap Sour, spokesman at the Ministry of Mines and Energy, said the government had approved an application from Cambodian Resource Energy Development Co. Ltd. and was now in the process of setting up an inter-ministerial committee to negotiate with the company. The ministry has not released the names of the two companies backing the project.

“If we successfully negotiate an agreement, then we will sign the agreement so that the company can start their work,” he said, adding that the negotiations were “still in the early stages.”

The Cambodian Resource Energy Development Co. Ltd. registered with the Ministry of Commerce in April last year, according to the ministry’s website, and listed Chen Bo as the chairman of its board of directors.

No contact information for Bo is provided. He could not be reached yesterday.

Block D is a 5,500-square-kilometre zone in the Gulf of Thailand that was previously licensed to Cambodian firm CPHL (Cambodia). The government revoked that exploration license in May 2016 after the company failed to meet the terms of the agreement.

Sour said he was unable to predict when or if the new agreement with Cambodian Resource Energy Development would be finalised.

MOST VIEWED

  • Reports: Rainsy barred from Jakarta flight

    Sam Rainsy was on Wednesday refused entry to a flight from Malaysia to Indonesia, media reported late on Wednesday. The “acting president” of the Supreme Court-dissolved Cambodia National Rescue Party’s announced return to the Kingdom on Independence Day on Saturday failed to occur. Rainsy

  • Government studying EU’s preliminary report on EBA

    The Ministry of Foreign Affairs and International Cooperation on Wednesday said the government was studying the EU Commission’s preliminary report on the human rights situation in the Kingdom that could lead to a suspension of access to its “Everything But Arms” (EBA) agreement. The

  • Phnom Penh International Airport wins award as passenger traffic soars

    The Phnom Penh International Airport has been awarded Best Asia Pacific Regional Airport 2019 for its sustained high growth in passenger traffic in recent years. The award was presented by the Capa Centre for Aviation (Capa) – a world-leading and trusted organisation that provides market intelligence to

  • Gov’t: Rainsy’s ‘coup plot’ a failure

    The government on Wednesday commended the Kingdom’s security forces for thwarting the attempted “coup plot” by former opposition leader Sam Rainsy through his announced return to Cambodia on November 9. The comments came as Rainsy, the “acting president” of the Supreme Court-dissolved Cambodia National Rescue

  • PM responds to Rainsy ticket claims

    Prime Minister Hun Sen on Monday expressed frustration over claims by Sam Rainsy that he had altered Rainsy’s ticket with Thai Airways to prevent him boarding his November 7 flight to Thailand, from where he had claimed he would enter Cambodia. Hun Sen made the

  • Chinese tourists lead international visitors

    Chinese tourists again topped the list of foreign visitors to Cambodia during the first nine months of this year, with the Ministry of Tourism on Wednesday reporting a 30 per cent increase on the same period last year. The Kingdom received 4.81 million international tourists in that