Friday, 2 July 2010

Firm date set for oil flow


via Khmer NZ News Media

Friday, 02 July 2010 15:03 Vong Sokheng

THE long-awaited production of oil in Cambodia is scheduled to commence in December 2012, a leading government official said yesterday, following positive results from off-shore drills.

Deputy Prime Minister Sok An, chairman of the Cambodian National Petroleum Authority, is reported to have set a production date at a speech made to Puthisatra University students at Raffles Le Royal Hotel in Phnom Penh yesterday.

“We hope have the first drop of oil produced on December 12, 2012, at 12am,” he said in a statement, later confirmed by spokesman at the Council of Ministers Phay Siphan.

A source told the Post that the comment came after a high-level CNPA meeting with firms with interests in offshore Block A – a 4,709-square-kilometre area of the Gulf of Thailand.

Interests in Block A are held by energy giant Chevron, which operates the concession and has a 30 percent stake, Japanese Mitsu Oil Exploration Cooperation (Moeco), which also holds 30 percent, Kris Energy with 25 percent, and South Korea’s GS Caltex with 15 percent.

In April, Prime Minister Hun Sen ordered Chevron to start production by 2012 or forfeit its licence.

According to the source, four shareholders from the companies took part in a review with the CNPA on Friday in which positive results from three drill wells in the block were reported.

The companies are expected to submit a final production report on September 18, the deadline for the renewal of their exploration licence, the source said.

He added that the shareholders have expressed concern over apparent disparities between a taxation law and the draft Petroleum Law – which they hope is a “priority” for National Assembly approval.

Chevron spokesman Gareth Johnstone did not respond to an emailed request for a detailed update on extraction progress in Block A and did not confirm a production date had been set yesterday.

However, he did state in an email that: “We are aligned with the Royal Government of Cambodia desire to see production from Block A as soon as economically possible.

“The first oil date is reliant on a successful exploration program, and is dependent on achieving key milestones.”

Te Doung Tara, head of CNPA, could not be reached for comment yesterday.

In a letter dated June 9, Sok An confirmed to the Sam Rainsy Party that 23 companies have been awarded rights to explore for oil in Cambodia, although not all of them are still operating.

He also confirmed that Total had paid US$28 million for a concession, $20 million of which was a signature bonus, with $6 million to be paid into a social-development fund, and another $2 million earmarked for administrative purposes.

ADDITIONAL REPORTING BY ELLIE DYER AND SOEUN SAY

9 comments:

Anonymous said...

cbnmo mfstr nsjpp
[url=http://tbll.nbc.com/blogs/Reductil/main/2010/06/02/buy-reductil-order-cheap-reductil-15mg-without-a-prescription]buy reductil 15[/url] gne
etwodoo
http://tbll.nbc.com/blogs/Reductil/main/2010/06/02/buy-reductil-order-cheap-reductil-15mg-without-a-prescription

Anonymous said...

That's where the aurawave and its force as a TENS pain sensation backup, and how does it do work? The galvanic pulses besides pull line to the atrocious field and step-up circulation, which helps the retrieval work on if the pain sensation signals beingness sent to the peel through electrodes.
Feel free to surf my page http://sosanimal.diogogomes.info

Anonymous said...

habitation Remedies for Constipation At that place Surabaya berkisar antara
200-600ribu. ever since this mathematical product gained a good deal popularity,
In that respect has to be an extremely atrocious
office without pickings tending of the imbiber are very delicate
and must be handled with farthermost care.


Here is my blog post - juice extractor

Anonymous said...

Apply 2 to 3 inches of mulch over the plants root system once all foliage is removed and discarded.
Mulch will reduce weed growth and prevent new weeds from growing in
the garden. This same person spread several yards of the mulch
around their house before they realized the problem, and it ruined many
of their plants.

Review my website :: mulching

Anonymous said...

Alternatively, pour the Breville Juice Extractor 800Je into it.


My homepage ... Bestjuicershere.com

Anonymous said...

Just гemembеr to dгinκ ѕafe аnd try
not to get banned fгom your locаl bar because of me.

They wеnt bacκ to the wateгfall and collеcteԁ thеir things, ready to go homе.
Name Thе Children Fгom Pοpular TV Showѕ:
See how many guests can guess the rіght namеs
of populаr TV show kіds. Variοuѕ aԁvеnture games are
deѕіgnеԁ foг this purposе fοr
lеtting them have mоrе fun
while also stimulatіng thеіг imаgіnatіon.
Hаving a ԁancе teасhеr dο a bit of teаching not onlу lіvens uр the receptіοn rіght from the start,
but it gets people out on the ԁanсe flοor who mіght otheгwise be too self-consсious noгmally to get out theгe and let it all hang
out.

Ηave a loοk at my web site ... unblocked games sites

Anonymous said...

Τhiѕ website definitely hаs all the
informаtion І wanteԁ about thіs subject and ԁidn't know who to ask.

Feel free to visit my web site :: overhead garage door repair

Anonymous said...

Ӏ am regular readеr, how are you eveгyboԁy?
This pοst poѕtеd at this wеbsite iѕ actually goоd.



Alѕo visit my blog 3D snake Tattoos

Anonymous said...

fear of god outlet
bape
golden goose