PHNOM PENH: Cambodia has begun extracting its first crude oil from fields in the Gulf of Thailand, in a venture between Singapore’s KrisEnergy Ltd and the government, both parties said on Tuesday, bringing an end to years of delays.
Prime Minister Hun Sen an-nounced the news on social media while KrisEnergy said the concession started production on Monday and would progress in phases once new wells were commissioned and completed.
“I … am pleased to inform all Cambodians about the start of Cambodia’s first oil production in the long-awaited Block A,” Hun Sen said on his Facebook page.
Kelvin Tang, chief executive of KrisEnergy’s Cambodian operations, called the…
