Singapore enters Cambodia exploration agreement
Posted: 29 August 2005
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Singapore Petroleum Company Limited (SPC) has announced that its  wholly-owned subsidiary, SPC Cambodia Ltd (“SPC Cambodia”), has entered into an agreement for a 30% interest in the Block B Petroleum Agreement (“Block B”), offshore Cambodia , with the Royal Government of Cambodia represented by the Cambodian National Petroleum Authority.
The other joint venture participants in Block B are PTTEP International Limited who is the Operator with a 30% interest; Resourceful Petroleum Limited with a 30% interest and Cooper Energy Limited with a 10% interest.
Block B is located 250 kilometres off the coast of Cambodia to the east of the Thai-Cambodian Overlapping Claims Area, in the Gulf of Thailand . The block lies to the southeast of the Khmer Basin where a number of oil and gas discoveries have been made.
The three-year exploration programme will comprise the drilling of one exploration well and the acquisition of 200 square kilometres of 3D seismic data.
Posted by Editor Pipeline Magazine
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