SCP Moves on in Drilling Campaign Block B Offshore Cambodia

Singapore Petroleum Company Ltd. has announced that the Vimean Morodok MahaNorkor-1 exploration well in Cambodia Block B was plugged and abandoned at 2,930 meters with non-recoverable oil shows. SPC share of the drilling costs amount to approximately US$3.0 million (about S$4.0 million).

Commenting on the drilling results, SPC Vice-President (Exploration & Production), Brian Boslaugh, said, "SPC and its partners will continue to work closely to undertake technical works for further evaluation of the Block's prospects."

The Well is situated in Block B, offshore Cambodia, east of the Khmer sub-basin, and in water depth of about 75 meters. The well location is approximately 160 kilometers southwest of Sihanoukville, and about 80 kilometers east of the Thai-Cambodian Overlapping Claims Area, in the Gulf of Thailand.

SPC through its wholly-owned subsidiary, SPC Cambodia Ltd  holds a 33.333333% participating interest in Block B.