KrisEnergy is set to proceed with the first phase of development for the Apsara oilfield in offshore Cambodia after making a final investment decision (FID).
Phase 1A of the Apsara development is in Cambodia Block A in the Gulf of Thailand.
As part of this phase, a single unmanned minimum facility 24-slot wellhead platform will be connected to a moored production barge capable of processing up to 30,000 barrels of fluid a day, with gas, oil and water separation facilities on the vessel.
The procured oil will be transported through a 1.5km pipeline for storage to a permanently moored floating, storage, and offloading vessel.
KrisEnergy CEO and Cambodian operations president Kelvin Tang said: “FID is another step in progressing the Apsara development within the target timeframe following the formal signing of the petroleum agreement in late August.
“Our technical and operations teams are preparing the necessary tenders for materials, equipment, and services.”
KrisEnergy operates Cambodia Block A with a 95% working interest.
The remaining 5% stake is with the General Department of State Property and Non-Tax Revenue of the Ministry of Economy and Finance on behalf of the Royal Government of Cambodia.
The Cambodia Block A includes an area of nearly 3,083km² over the Khmer Basin at a water depth of 50m and 80m.
After Phase 1A platform becomes operational, the company will monitor the reservoir performance for a definite period before starting Phase 1B.
In Phase 1B, three further platforms are expected to be added to the Phase 1A facilities, while Phase 1C is planned with six platforms for the full ten-platform Apsara development.
In a separate development, KrisEnergy has announced that the PV Drilling I jack-up rig started drilling the East Mayura-1 exploration well situated in the G10/48 contract area in the Gulf of Thailand.