SINGAPORE, Jul 08, 2008 (Thomson Financial via COMTEX) -- SGPCF | Quote | Chart | News | PowerRating -- Oil refiner Singapore Petroleum Co. (SPC) said it and its partners in the Block B project in offshore Cambodia have started drilling to test for hydrocarbon potential.
Drilling of the well in water depth of about 75 metres, located about 160 kilometres southwest of Cambodia's Sihanoukville port, is expected to be completed in 15 days.
"The drilling will not have any material impact on the earnings per share and the net tangible asset per share of the SPC group of companies for the current financial year," SPC said in a statement.
TFN.Singapore@thomson.com
Drilling of the well in water depth of about 75 metres, located about 160 kilometres southwest of Cambodia's Sihanoukville port, is expected to be completed in 15 days.
"The drilling will not have any material impact on the earnings per share and the net tangible asset per share of the SPC group of companies for the current financial year," SPC said in a statement.
TFN.Singapore@thomson.com
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