December 29th local time, Cambodian Prime Minister Hun Sen announced on his official social media that Cambodia would produce the country’s first drop of oil in the Gulf of Cambodia on the 29th.
The article stated that the Royal Government of Cambodia and Kris Energy (Kris Energy) produced oil for the first time on the first oil well named A-OID on the A platform of the oil field in the A block of the Cambodian Gulf.
In addition, two other oil wells have also been drilled into the oil layer. Hun Sen emphasized that the development and operation of Cambodia’s offshore oil has taken an important first step in the development of Cambodia’s oil, natural gas and other energy production capacity.
It is a victory for the Cambodian country and people; although the new crown epidemic has an impact on Cambodia, it cannot The confidence and efforts to block the development of Cambodia, the new results will bring new hope to the upcoming 2021.
Hun Sen also reviewed the twists and turns of Cambodia’s “first drop of oil”. As early as 2002, the Royal Government of Cambodia and Chevron of the United States led a joint company consisting of South Korean GS Caltex, Japan’s Mitsui Petroleum Development Company, and Singapore-based Chris Energy Corporation to sign a contract to develop oil production.
Chevron announced in 2010 that it had discovered the first commercial oil reservoir in Cambodian history and submitted its development and operation plan to the Royal Government of Cambodia. According to the plan, Cambodia will produce its first drop of oil in 2012.
However, due to the failure to reach an agreement on the distribution of economic benefits, the implementation of the plan failed. In the following negotiations, the aforementioned three companies from the United States, South Korea and Japan applied for withdrawal from cooperation in 2014 and 2016, respectively.
So far, the negotiations lasted from 2010 to August 23, 2017 before reaching a new contract, and the construction of the oil platform was carried out.