KrisEnergy Files for Liquidation as Apsara Field : vimarsana

KrisEnergy Files for Liquidation as Apsara Field


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, Cambodia's first producing offshore oil field and the company's "key" asset, had been below expectations,
KrisEnergy, which brought the offshore oil field online in December 2020, had expected the field to provide the cashflow necessary to fund the ongoing operations of the group, however, results from the wells brought online were below expectations.

Related Keywords

Cambodia , Cayman Islands , , Southeast Asia , Apsara Mini Phase , Cambodia Block , Kepinvest Singapore , Grand Court , Winding Up Petition , கம்போடியா , கேமன் தீவுகள் , தென்கிழக்கு ஆசியா , அப்சரா மினி கட்டம் , கம்போடியா தொகுதி , மாபெரும் நீதிமன்றம் , முறுக்கு மேலே மனு ,

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