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Share The Kingdom extracted its first drop of crude oil on December 28 from the A-01D well – part of the five-well mini-platform featured in KrisEnergy s “Mini-Phase 1A” development. MINISTRY OF MINES AND ENERGY Kingdom seeks buyers for crude amid discouraging production Thu, 13 May 2021 The government and Singaporean oil exploration firm KrisEnergy Ltd are actively working together to find markets for the crude oil produced offshore Cambodia and to plan for further steps in resource development for Block A, according to a senior government official. The statement came after the media and civil society raised concerns about the Kingdom s ‘failures in the oil and gas sector due to the lower-than-planned output of the five wells in the Apsara oilfield located in Block A that lies over the Khmer Basin in the Gulf of Cambodia. ....
Vultures start to circle Singapore’s KrisEnergy Singapore’s KrisEnergy is on the verge of collapse and eagle-eyed investors, seeking assets at bargain prices, are preparing to pick over the company’s carcass. However, given KrisEnergy’s recent dismal performance in Cambodia, there is not much left of interest. Updated: 23/04/2021, 8:54 am At work: KrisEnergy Register here for the Energy Voice daily newsletter, bringing you key news and insight from across the global energy landscape. Thank you for signing up to our newsletter. Something went wrong - please try again later. Sign Up Singapore’s KrisEnergy is on the verge of collapse and eagle-eyed investors, seeking assets at bargain prices, are preparing to pick over the company’s carcass. However, given KrisEnergy’s recent dismal performance in Cambodia, there is not much left of interest. ....
Apr 22, 2021 L-R: Mr. Oluwatobi Soyombo, Chief Growth Officer, Havenhill Synergy Limited; Mr. Michael Zhuang, Huawei Nigeria Enterprise Business Managing Director; Dr. Sanusi Ohiare, Executive Director, Rural Electrification Fund (REF) Share Huawei has launched its Next-Generation Mini Grid “iPowerCube-S” solution to provide reliable, green, affordable power supply for people’s livelihoods and production in areas without main power connection or unstable power supply. This iPowerCube-S is a distributed power solution that integrates solar, grid, diesel generator and battery storage. It features one-stop delivery, fast deployment, and optimal LCOE (Levelized Cost of Electricity). The launch conference, which held in Abuja, Nigeria at the Huawei office, on the 21st of April, 2021 was witnessed on-site by the representative of the Managing Director of Rural Electrification Agency (REA), Engr. Ahmad Salihijo, in person of the Executive Director, Rural Electrifica ....
21 April 2021 4:58 GMT Updated 21 April 2021 5:03 GMT Singapore independent KrisEnergy said its financial restructuring plan is no longer viable due to the sub-standard production performance of its Apsara oilfield offshore Cambodia. KrisEnergy had been banking on revenue from oil production at Apsara to steer it through a protracted restructuring exercise but, on 31 March 2021, the company announced that production and the ultimate field recovery factor were significantly lower than expected. Sign up for our new energy transition newsletter Gain valuable insight into the global oil and gas industry s energy transition from Accelerate, the new weekly newsletter from Upstream and In an update on 20 April, KrisEnergy said Netherland, Sewell & Associates (NSAI) is still doing an independent review of the ultimate recovery from Mini Phase 1A at Apsara; however, the low production rates announced on 31 March 2021 have not improved since. ....
Share Drilling for hope - Can Apsara oil rescue KrisEnergy and fuel Cambodia’s economy? Thu, 25 February 2021 The Kingdom’s maiden oil project has two roles to play - to save a bleeding firm and to grow an economy The future of the Cambodian oil sector rests squarely on KrisEnergy Ltd’s shoulders, a promise it has had to make good since 2013. Just under a decade last year with the first extraction three days shy of the December 31 deadline to produce or risk contract cancellation, it fulfilled the pledge after overcoming hurdles. The hurdles consisted of regulatory and operational issues, as well as a protracted and steep oil price downturn since 2014 and the Covid-19 pandemic. ....