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

  • Hun Sen: Full country reopening to be decided in two weeks

    Prime Minister Hun Sen has announced that if the Covid-19 situation remains stable for 15 consecutive days from the end of the October 5-7 Pchum Ben public holiday, Cambodia will reopen fully, albeit in the context of Covid-19 whereby people have to adjust their lives to

  • Phnom Penh governor: Show Covid-19 vaccination cards, or else

    Phnom Penh municipal governor Khuong Sreng late on October 5 issued a directive requiring all people aged 18 and over and the parents of children aged 6-17 to produce Covid-19 vaccination cards when entering schools, markets, malls, marts, eateries and other business establishments that have been permitted

  • Cambodia seeks probe into 'false reports' on Hun Sen's alleged Cypriot passport

    Minister of Justice Koeut Rith on September 6 wrote a letter to his Cypriot counterpart Stephie Dracos requesting cooperation in investigating and providing the truth in relation to the "exaggerative and false allegations" that Prime Minister Hun Sen holds a Cypriot passport. In his letter, the

  • Will Evergrande change the way Chinese developers do business in Cambodia?

    China’s property sector policy has exposed the grim financial condition of real estate developers including those operating in Cambodia, which raises questions over the viability of their projects and business going forward The dark blue netting draping over one of Yuetai Group Co Ltd’

  • 'Pandora Papers' expose leaders' offshore millions

    More than a dozen heads of state and government, from Jordan to Azerbaijan, Kenya and the Czech Republic, have used offshore tax havens to hide assets worth hundreds of millions of dollars, according to a far-reaching new investigation by the International Consortium of Investigative Journalists (

  • Cambodia voted ‘world’s friendliest country’ in Rough Guides reader poll

    Cambodia ranked number one among the “World’s Friendliest Countries”, according to a reader poll conducted by London-based international website “Rough Guides”. Taking submissions through Twitter and Facebook, “Rough Guides”, a well-known travel agency and publisher of guidebooks, said the Kingdom “was by far the