PTTEP Farms-Out Stake in Block B Offshore Cambodia


Block B, Cambodia
(Click to Enlarge)
PTT Exploration and Production Public Company will sign a Farm-out Agreement on April 4th for Block B, offshore Cambodia, with Resourceful Petroleum Limited. PTTEPI will be the Operator with a 40% participation interest and RPL will hold a 60% participation interest.

Block B covers an area of approximately 6,551 square kilometers. The block is located about 250 kilometers off the coast of Cambodia, to the east of the Thai-Cambodian Overlapping Claims Area. A primary geological study indicates natural gas and crude oil potential. The Company plans to conduct a seismic survey and drill an exploration well in the first three years of the exploration period.

Participation will be valid after obtaining approval on the Production Sharing Contract from the Cambodian government.

For More Information on the Offshore Rig Fleet:
RigLogix can provide the information that you need about the offshore rig fleet, whether you need utilization and industry trends or detailed reports on future rig contracts. Subscribing to RigLogix will allow you to access dozens of prebuilt reports and build your own custom reports using hundreds of available data columns. For more information about a RigLogix subscription, visit www.riglogix.com.
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE


Most Popular Articles


From the Career Center
Jobs that may interest you
Executive Protection Coordinator
Expertise: Risk Management|Security
Location: TX
 
United States Denver: Proposals Specialist
Expertise: Business Development|Marketing|Sales
Location: Denver, CO
 
Landman - Midstream Surface Land
Expertise: Landman
Location: The Woodlands, TX
 
search for more jobs

Brent Crude Oil : $50.56/BBL 0.15%
Light Crude Oil : $47.7/BBL 0.70%
Natural Gas : $3.05/MMBtu 1.32%
Updated in last 24 hours