Logo of Phnom Penh Post newspaper Phnom Penh Post - PMs fly to Enterprise ship

PMs fly to Enterprise ship

PMs fly to Enterprise ship

C o-Prime Ministers HRH Prince Norodom Ranariddh and HE Samdech Hun Sen made

their first visit to one of two offshore oil drilling operations in Cambodian

territorial waters last week.

Departing Phnom Penh in separate

helicopters, the premiers flew 150 km south of Kompong Som where Enterprise Oil

spudded its first exploratory well in mid-January using the "Canmar Explorer

III", an Ice-class oil exploration ship most recently in service in the Arctic

Ocean.

Prince Ranariddh and Hun Sen were hosted by Enterprise's

International Operations Director Ed Harris, who flew out from London.

Commenting on the firm's three-year presence in Cambodia Harris said

"our current well program is the culmination of a $20 million investment

program."

Enterprise one of the largest foreign investors in the

Kingdom.

Harris added that he was "very impressed with the progress made

on political and economic stability in the country, this will increase the

confidence of international companies like Enterprise Oil."

The company

plans to drill to depths in excess of 3,000 meters below the ocean floor after

which results will be analyzed before any decisions on future exploration or

production efforts are made.

MOST VIEWED

  • Negotiations on EBA being held

    In an effort to defuse tensions, a senior government official said Cambodia is negotiating with the European Union (EU) on the Everything But Arms (EBA) trade deal, which allows the Kingdom to export goods to the 28-member bloc tariff-free. The EU notified Cambodia on October 5

  • EU officials: Ending EBA an 18-month procedure

    EU officials have confirmed that it will take a total of 18 months to complete the procedure if Cambodia’s preferential Everything But Arms (EBA) trade agreement is to be withdrawn. According to EU Agriculture and Rural Development spokesman Daniel Rosario, the formal process has not

  • Chinese police escort deported scam suspects

    Ninety-one Chinese nationals accused of extorting money from victims in a Voice over Internet Protocol (VoIP) scam were deported from Phnom Penh International Airport on Monday under the escort of 182 Chinese police personnel. General Department of Immigration head of investigations Ouk Hay Seila told reporters

  • IPU slams government claim

    The president of the Inter-Parliamentary Union (IPU), Gabriela Cuevas Barron, has refuted a claim by the National Assembly that she “highly appreciated the achievements of Cambodia” in its July national elections with a tweet saying “Of course not!” before adding “No congratulations”. A delegation from