The company that has been given production rights over a
5,500-square-km area off the coast of Sihanoukville known as Block D has been
given 10 days to submit their exploration plans to be reviewed by the Mines and
Energy Ministry, a spokesman said Thursday.
“Before reaching the drilling stage, the ministry requires
the companies to prepare and submit a clear action plan of drilling and
documents that showcase the financial and technical abilities of each company,”
said Meng Saktheara, spokesman for the ministry, after a meeting Thursday with
CPHL Cambodia.
Mirach Energy Ltd., which owns 48 percent of CPHL Cambodia,
announced in a press release Wednesday that they have partnered with two
Chinese companies—PST Service Corporation and Chengdu Western Union Petro
Engineering Technology Co.—which will provide technical services during the
exploration.
According to Mr. Saktheara, CPHL has conducted geological
and geophysical surveys over a period of seven years —between 2006 and 2013—to
identify the location of potential oil reserves.
Source : https://www.cambodiadaily.com