Cambodia Non-Stop Feeding is blogging developments in Cambodian oil and gas fields:
SIEM REAP, Cambodia (Reuters) — US major Chevron Corp. will assess the scope of its offshore Cambodia oil find early next year, raising hopes for the country’s first production by 2008, a senior government official said on Tuesday.
Chevron will drill six appraisal wells and four more exploration ones in early 2006 after discovering oil or gas in five of the six wells it drilled in
Cambodia’s Gulf of Thailand over the last two years, said Ho Vechit, vice-chairman of the Cambodian National Petroleum Authority.
"If the findings are positive, oil production may commence as early as 2008," he told an industry conference.
This seems to be good news for a country as impoverished as Cambodia. Oil’s importance to the global and regional economies was attested to in the recent ASEAN conference, and having feedstocks near growing Asian markets is also an advantage.
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