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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 expected. Sign up for our new energy transition newsletter Gain valuable insight into the global oil an...

Share Drilling for hope - Can Apsara oil rescue KrisEnergy and fuel Cambodia’s economy? Thu, 25 February 2021 The Kingdom’s maiden oil project has two roles to play - to save a bleeding firm and to grow an economy The future of the Cambodian oil sector rests squarely on KrisEnergy Ltd’s shoulders, a promise it has had to make good since 2013. Just under a decade last year with the first extraction three days shy of the December 31 deadline to produce or risk contract cancellation, it fulfilled the pledge after overcoming hurdles. The hurdles consisted of regulatory and operational issue...

Cambodia: KrisEnergy's Apsara oil field comes onstream 04 Jan 2021 First Apsara oil flows on 28 December 2020 from the A-01D well, one of five development wells in the Mini Phase 1A project. Production is expected to reach a peak rate of approx. 7,500 bopd once the drilling program is completed in mid-February 2021. KrisEnergy has announced that Cambodia's first oil field in the offshore Cambodia Block A concession commenced production on December 28 2020. The Aspara field began flowing from a single development well and the flow rate will take at least 24 hours to stabilise. Production will...

KrisEnergy Ltd. has announced that Cambodia's first oil field in the offshore Cambodia Block A concession has come onstream via the A-01D well. KrisEnergy Ltd. has announced that Cambodia’s first oil field in the offshore Cambodia Block A concession has come onstream via the A-01D well. The well in the Apsara field is one of five development wells in the Mini Phase 1A project. Production at the development is expected to reach a peak rate of approximately 7,500 barrels of oil per day once the drilling program is completed in mid-February next year, KrisEnergy highlighted. The Apsara field l...

KrisEnergy : Cambodia’s maiden Apsara oil field comes onstream édité le 29/12/2020 - Plus de news de "KrisEnergy" - Voir la fiche entreprise de "KrisEnergy" KrisEnergy Ltd. is pleased to announce that Cambodia’s first oil field in the offshore Cambodia Block A concession, commenced production on 28 December 2020. The Apsara field began flowing from a single development well and the flow rate will take at least 24 hours to stabilise. Production will increase to plateau as four additional wells are progressively completed and commissioned. The Apsara field lies over the Khmer Basin, an unpr...