Kris Energy

Cambodia was set to sign a revised production-sharing contract with Kris Energy in late March for development of an offshore field that would produce the country’s first oil. The company will seek a partner in the investment before proceeding with the project, which Kris expects will initially produce 8,000 B/D of oil in the early 2020s. The company acquired its stake in the project in 2014 from Chevron, which made a discovery 10 years ago but was unable to reach investment terms with the government. Kris later bought out the interests of Mitsui and GS Energy in the project.