The Mirror, Vol. 14, No. 659
“Phnom Penh: The head of the Cambodian government warned he might cancel the license of Chevron due to this company’s slowness in extracting oil, but the company said that the extraction project depends on the success of the exploration.
“The Prime Minister of the Cambodian government, Samdech Hun Sen, set a deadline for Chevron to produce oil in 2012, otherwise the license of this company will be revoked. This warning was made on 6 April 2010.
“Samdech Hun Sen warned that if this company cannot produce oil by the end of 2012, the contract will be canceled.
“Chevron is an oil exploring company that is licensed to explore the availability of oil in Block A [The green spot in the middle of the map under the previous link is Block A]. At present, this company is exploring oil in an area of about 4,709 square kilometers. In 2007, the company announced that it already made 15 test drillings. Besides exploring oil, the company is supplying fuel under the trademark Caltex, running 24 fuel stations countrywide.
“Rasmei Kampuchea could not reach this company in Cambodia for comments, but according to the Associated Press which quoted a statement of this company on 7 April 2009, the goals of this company are in line with those of the Cambodian government: to see a quick start of oil production in Block A to satisfy economic demands. The company added that the start of oil production depends on the success of the exploration, and on some other key factors.
“So far, oil in Cambodia is being explored in six blocks offshore, ranging from Block A to Block F. Three companies are exploring oil in Block A: Chevron (USA – Cambodia operations) (55%), MOECO [Mitsui Oil Exploration - Japan] (30%), and GS Caltex [Korean] (15%). Block B is being explored by four companies: PTTEP [Thailand] (30%), SPC [Singapore Petroleum Company - A Member of PetroChina] (30%), Resourceful Petroleum [Thailand] (30%), and Cooper Energy [Australia] (10%). Block C is being explored by Polytec and Block D by China Petrotech [China]. Block E is explored by three companies: Medco [Indonesia] (60%), Kuwait Energy (30%), and JHL [J H L Oil & Gas Ltd (USA)] (10%). Block F is controlled by CNOOC [CNOOC Limited, Hong Kong].
“Last year, the National Petroleum Authority of Cambodia predicted that Cambodia will be able to produce its own oil by 2011, while the oil resource of Cambodia are estimated to amount to as much as 2,000 million barrels.” Rasmei Kampuchea, Vol.18, #5171, 8.4.2010
This article was first published by The Mirror, Vol. 14, No. 659 - Thursday, 8.4.2010
Have a look at the last editorial - you can access it directly from the main page of The Mirror.
Norbert Klein is the Editor of The Mirror – The Mirror is a daily comprehensive summary and translation of the major Khmer language press - More about The Mirror
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