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Singapore Petroleum begins drilling well off Cambodia


July 14, 2008

Singapore Petroleum begins drilling well off Cambodia
Singapore Petroleum Company Ltd (SPC) has begun oil and gas exploration activities offshore Cambodia, local media reported.

The well is the first in Block B, about 160 km southwest of Sihanoukville. Drilling to test the hydrocarbon potential is expected to take about 15 days since July 8, the company said in a statement.

In March, US energy giant Chevron announced oil in Block A offshore the Sihanoukville after conducting six exploration drillings. The Cambodian National Petroleum Agency estimated oil reserves in the well of up to 500 million barrels.

Cambodia’s oil reserves are estimated up to 2 billion barrels and gas to 10,000 cubic metres, according to the World Bank, Harvard University and prestigious organistions.

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