A Change of Guard

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Friday, 7 December 2012

CNOOC’s first well in Cambodian waters completed [but no oil and gas has been found in the well]

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Beijing: China National Offshore Oil Corporation (CNOOC) has become the first Chinese company to complete a well drilling in Cambodian waters. No oil and gas has been found in the well, but CNOOC plans more drilling in its licenced area. Five years ago CNOOC was awarded the 7,000 sq km Block F off the coast of Preah Sihanouk and Koh Kong provinces.  
Cambodia has awarded six licences so far in the Gulf of Thailand, but none have started extracting oil, although Chevron is believed to be close to starting that process.  [07/12/12

1 comment:

Anonymous said...

This article is probably lied because it prevented from the U.S. Chevron to invest and take over the oil from Cambodia, except for China who might take advantage of in the destructive way. Just like the Chinese illegal deforestation in the other countries by doing the bad deals with the poor people in those countries like Cambodia, Indonesia, Burma, countries in Africa, etc.