PT Medco Wins Cambodian Exploration License



PT Medco's subsidiary, Medco Cambodia Tonle Sap Limited, along with partners Cambodia National Petroleum Authority and JHL Limited have received approval from the Cambodian Government for an exploration license for onshore Block 12.

The partners in Block 12 are Medco Cambodia as operator with 52.5%; CNPA with 40% and JHL with the remaining 7.5%.

The permit has a three year exploration period and the second and third stages can each be extended for two years, subject to approval.

The block is located in a frontier basin, Tonle Sap Basin, in northern Cambodia.