Apsara Mini Phase News Today

KrisEnergy has hired the Dutch offshore survey services provider Fugro to carry out a geotechnical survey at the Apsara oil field…

Independent upstream oil and gas company KrisEnergy said first steel has been cut for the minimum facilities wellhead platform…

Petroleum operations in the Apsara oil field of Block A offshore Cambodia will face some challenges as KrisEnergy (Cambodia) Co Ltd loses funding, after its Singapore-based parent company KrisEnergy Ltd filed for liquidation and arranged for the sale of assets to pay off its debts

Just a few months after pumping its first-ever oil, Cambodias just-launched oil production faces an uncertain fate after the governments partner in the operations filed for liquidation

Hearing date for embattled independent oil exploration firm's petition has yet to be fixed. . Read more at straitstimes.com.

KrisEnergy has announced that it is unable to pay its debts based on actual and/or contingent liabilities and will proceed to liquidation. Accordingly, the Company has on 4 June 2021 submitted a winding-up petition to the Grand Court of the Cayman Islands.

Apsara field (File Photo - KrisEnergy) KrisEnergy, an oil and gas company focused on Southeast Asia, said Friday it had filed a winding-up petition and that it would proceed to liquidation due to its inability to pay debts. KrisEnergy warned about this outcome back on March 31 when it said that the production from the Apsara field, Cambodias first producing offshore oil field and the companys "key" asset, had been below expectations, KrisEnergy, which brought the offshor...

Cambodia: KrisEnergy provides update on Apsara oil field review 28 Apr 2021 KrisEnergy refers to its announcement dated 31 March 2021 in relation to the production performance of the KrisEnergy development. Further to the Announcement, the Company wishes to update that it has received the independent review of the Apsara field’s performance by third-party petroleum engineering consultant, Netherland, Sewell & Associates, Inc. (NSAI). Based on performance data of the five wells since they we...

Vultures start to circle Singapore’s KrisEnergy Singapore’s KrisEnergy is on the verge of collapse and eagle-eyed investors, seeking assets at bargain prices, are preparing to pick over the company’s carcass. However, given KrisEnergy’s recent dismal performance in Cambodia, there is not much left of interest. Updated: 23/04/2021, 8:54 am At work: KrisEnergy Register here for the Energy Voice daily newsletter, bringing you key news and insight from across the global energy landscape. T...

21 April 2021 4:58 GMT Updated  21 April 2021 5:03 GMT Singapore independent KrisEnergy said its financial restructuring plan is no longer viable due to the sub-standard production performance of its Apsara oilfield offshore Cambodia. KrisEnergy had been banking on revenue from oil production at Apsara to steer it through a protracted restructuring exercise but, on 31 March 2021, the company announced that production and the ultimate field recovery factor were significantly lower than exp...