Friday, November 13, 2009

30-year oil contract with Vietnam on the Tonle Sap

PetroVietnam to search for oil near Phnom Penh

13-11-2009
VNS (Hanoi)

PHNOM PENH — Petro Vietnam’s Exploration and Production Company signed contract yesterday with Cambodian National Petroleum Authority to explore for oil and gas in a block near Phnom Penh.

The contract was signed by company president Nguyen Truong Son and Cambodian Deputy Prime Minister Sok An, who is authority chairman.

The company, a wholly-owned subsidiary of Petro Vietnam, holds 100 per cent interest in the block.

Under the deal, affiliate PVEP Mekong will conduct operations in the 6,900sq.km Block XV Tonle Sap, located north-east of Tonle Sap lake.

The contract is for 30 years for oil and 35 years for gas with an exploitation phase of seven years.

The contract marks the company’s first oil and gas exploration undertaking in Cambodia.

It is the company’s 55th petroleum project and the 17th it also operates.

The company’s strategy is to expand its exploitation and production activities both inside and outside the country to provide energy security.

10 comments:

Anonymous said...

Oh my! Here goes another Khmer's fishery lake down the drain.

Why do we let the YOUN do this?

We should let other company beside YOUN to drill this great Basin.

Deeply regret to Khmer's gov. for letting YOUN to explore this great lake.

Anonymous said...

Pouk Ah Roun Tass Banh Cpp is khmer's traitors.

Anonymous said...

Oh fuck!

I rather be slave to Thai .... not the fucking Vietnamese.

Fuck the Vietnamese.

Fuck you, too, Ah fucking Hun Sen.

Once the war starts, I hope the Thai Air Force and Navy destroy Ah Hun Sen's compound in Tuol Krasaing.

Thai, please, please aim your weapons in this direction.

Please, please, and please destroy the compound for Khmer people. We will thank you.

Anonymous said...

Is it "exploration" or "exploitation". Or may be it doesn't matter, if Vietnam wants it they'll get it with the current goverment.

son of a farmer said...

My beloved Khmers!

Please unquestionally stop blaming Youn and Siem for eternally eating our miserable shrinking land, therefore evidently confessing and speaking each of our Mighty boastful leaders doesn't instinctively wanted to a master of the house after the fall of Angkor Empire.

Anonymous said...

While the strained diplomatic rows between the two nations are heating up, Puok Ah Yuon Vietninh is robbing our natural resources. In fact, Puok Ah Vietchong is capitalizing on the opportunity.

The sitting prime minister of Cambodia (Ah Sen) and the infamous former prime minister of Thailand are arrogant and greed, yet ignorant. Both of these clunkers are making the global community shame of their ignorance.

Yes, shame on both of you!

CPP Traitor

Anonymous said...

ah kwack hun sen why your mother fucker alway make a business with ah youn kontop,. ah joymaray hun sen ah kwack ah rolay tang rope, some oy preas brohar jivit vear kanong pel chap chap nis. ah rolay tang pouch.

Anonymous said...

Tonle Sap is the heart beat of Cambodia. There are many other companies why give it to the Vietnamese? This is dangerous for Cambodia. The Vietnamese will destroy everything that Cambodia has with this current government. I smell another civil war or Khmer ethnic will face major suffering in their homeland just like Khmer Khrom.

Anonymous said...

viet company better not destroy my tonle sap lake of cambodia. khmer people will tell them to go home, soon, really!

Anonymous said...

Nowadays! we're been sandwiches!
Sooner or later only Tonle Sap left for us. Now, Phnom Penh have numerous ah Yuon businesses not 1 nor 100. It's 400 businesses alone in srok KHMER.