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KrisEnergy starts oil platform development

Chea Vannak / Khmer Times Share:
KrisEnergy employees at an oil rig. KrisEnergy

KrisEnergy, an independent upstream oil and gas company, has started the development of facilities for a wellhead platform off Cambodia.

A Cambodian senior official said the company’s development reflects the progress of the Kingdom’s oil sector.

In a news release issued on Dec 9, KrisEnergy said that the company first conducted an official ceremony by cutting the first steel part for the facilities for the Apsara oil field in Block A, the nation’s maiden hydrocarbon development.

A computer-generated image shows KrisEnergy’s platform. KrisEnergy

The ceremony, held at the PT Profab facility on Batam Island, Indonesia, was attended by senior officials from the Ministry of Mines and Energy and the Ministry of Economy and Finance, and representatives of KrisEnergy, the statement read.

Meng Saktheara, secretary of state at the Ministry of Mines and Energy, who attended the ceremony, said it was to show that Cambodia is close to the stage of becoming an oil-producing nation.

“It is a milestone in the development of the offshore oil field. We are going forward to start oil drilling for the first time in Cambodia. It will be a historical moment for Cambodia becoming one of the oil-producing countries in the world,” Mr Saktheara said in a video posted on the ministry’s Facebook site on Tuesday.

The development signifies that after years of planning, construction of the main structure is now underway, said Kelvin Tang, CEO and president of Cambodian operations.

“Today, the first steel cut, is just not symbolic, but it also reflects how many months and years of works and planning we have all put together – both the government and ourselves – in terms of investing time and planning. It is amazing that we’ve come this far and we’re now so close to the finishing line,” Mr Tang said.

“We will do everything we can deliver on time and on schedule,” Mr Tang said in the video.

The Apsara field in Cambodia Block A lies over the Khmer Basin, a so-far unproductive geological basin in Cambodian maritime waters of the Gulf of Thailand.

Kelvin Tang, CEO and president of KrisEnergy’s Cambodian operations. KT/Chor Sokunthea

This development phase, Mini Phase 1A, comprises the mini-platform and five initial development wells connected to the Ingenium II production barge for oil, gas and water processing. Shuttle tankers will transport crude oil from the barge.

Apsara oil is scheduled to flow in the first half of 2020 and the field is expected to reach a peak rate of 7,500 barrels of oil per day.

“Producing oil in Block A is important in not only allowing us to drive the country’s economic and social development but also in creating a new historical moment for the country’s oil and gas sector,” Mr Saktheara said.

The company said so far it has spent almost 565,000 man-hours on this project without a single moment of lost time through injury and now it is full steam ahead towards Apsara’s first oil production in 2020.

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