Logo of Phnom Penh Post newspaper Phnom Penh Post - Enterprise in Cambodia oil strike

Enterprise in Cambodia oil strike

Enterprise in Cambodia oil strike

T HE British company, Enterprise Oil plc has discovered natural gas and oil

condensate as a result of its first test well in Cambodian waters south of

Sihanoukville.

In a statement released on Apr 14 after three months of

drilling, the firm said that "its most successful test produced a maximum flow

rate of 4.7 million cubic feet per day of gas and 180 barrels per day of

condensate."

 

Enterprise's General Manager for Cambodia Barry Rogers said the company was

"very encouraged" by the find but cautioned against expectations that Cambodia

would benefit immediately from the news of Enterprise's discovery of petroleum

reserves offshore.

"The flow rates from this one test are subcommercial,"

said Rogers, "but we've gained knowledge which tells us that the geology in the

region is a working hydrocarbon generative system." Rogers noted that a typical

production well would need to produce about 30 million cubic feet of gas per day

to be potentially commercially viable.

Rogers said that based on the

success of Enterprise's first test well, it was very likely that additional

seismic surveys would be undertaken.

"What we need to understand is the

distribution of the resevoir," said Rogers. He added that oil or gas production

was "a long term process" while citing the example of gas wells in the Gulf of

Thailand where there was a period of ten years between when gas was first

discovered and production actually began.

"It's unrealistic to expect to

see any production for perhaps five years," said Rogers referring to

Enterprise's lease of offshore Blocks I and II which cover about 5,000 square

kms of the Gulf of Thailand each.

Enterprise Oil has a 40 per cent

operating interest in the offshore Cambodia drilling concession.

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

  • 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 “

  • 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

  • $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

  • Chinese firms unveil preliminary results on metro, monorail for capital

    Minister of Public Works and Transport Sun Chanthol and representatives from China Road and Bridge Corp (CRBC) and its parent company, the state-owned China Communications Construction Co Ltd (CCCC), met on June 24 for talks on results of the firms’ preliminary study on a potential metro