PTTEP Increases Stake Cambodia's Block B
PTTEPI and other joint venture partners have exercised their pre-emption rights to purchase the entire 10% participation interest of CE Cambodia B Ltd. (CEL). After the acquisition, PTTEPI will increase its participation interest from 30% to 33.333334%.
The existing joint venturers have offered to purchase the entire participation interest of CEL for US$ 3.5 million.
The joint venturers will pay the upfront amount of US $1 million after receiving approval from Cambodian government and will be required to start the payment of the remaining amount when production reaches 100 million barrels of oil equivalent onwards.
After the approvals, the joint venture partners will consist of PTTEP International Limited, Resourceful Petroleum Limited (RPL) and SPC Cambodia Ltd. (SPC) with 33.333334 %, 33.333333% and 33.333333% participation interests, respectively.
The existing joint venturers have offered to purchase the entire participation interest of CEL for US$ 3.5 million.
The joint venturers will pay the upfront amount of US $1 million after receiving approval from Cambodian government and will be required to start the payment of the remaining amount when production reaches 100 million barrels of oil equivalent onwards.
After the approvals, the joint venture partners will consist of PTTEP International Limited, Resourceful Petroleum Limited (RPL) and SPC Cambodia Ltd. (SPC) with 33.333334 %, 33.333333% and 33.333333% participation interests, respectively.
7 comments:
The fucken Thai always has shit up their fucken sleeve!!!!Why of all sudden upgrade the stake!!!
What can I say!!AH HUN SEN Vietcong slave will never have enough information to decide on anything except to thing away for free!!!!Just watch the fucken Thai will get it for free!!!
The fucken Viets, the fuckin Thai, the fuckin'...
The Cambodians are the most polite people of SE Asia !
Anyway, keep barking to your neighbours, but remember:
Your Cambodian oil has already been sold by your greedy Cambodian politicians to a Chinese oil company, to China National Offshore Oil Corp (CNOOC), the 3rd Chinese oil company, run by the Chinese Communist Party.
To 7:39AM
Are you sure about that? For the record, not all the oil are sold to the Chinese and don't forget Chevron of the U.S. and who else the Korean, the Jap,.... ahahahahha
by Sherry Su
Dow Jones Newsires
Friday, October 27, 2006
"A consortium led by US oil giant Chevron Corp. (CVX) announced significant offshore finds last year, and companies from China, Japan, South Korea, Thailand and France, among others, are already prospecting or vying for exploration rights."
"Singapore Petroleum Co. (S99.SG), Dallas-based X-Change Corp.,
South Korea's GS Caltex Oil Co., Japan's Mitsui Oil Exploration Co, French oil giant Total SA (TOT)"
www.rigzone.com
First of all, the Vietcong don't have the fucken technology to do anything and yet they come to Cambodia and signing all kind of agreements in mineral and oil exploration and the Vietcong turn around and finding a Western company to do the work for them!!
AH HUN SEN the Vietcong slave loves the Vietcong to take advantage over him and in fact he is begging every single day that the Vietcong will take advantage over him and again and again!!!!To all Cambodian people, please never adopt AH HUN SEN Vietcong slave mentality because it is dangerous for Cambodia as a nation!!!
To "Mister Fucken" :
When I read your comments on KI Media (always the same: the Viets do this, the Viets do that...), I've to conclude that you're the most stupid and/or retarded Cambodian on earth.
I know, you're not the only Cambodian man who still lives in the past, but let me say that more and more Cambodian people start to realize they live in 2006 !
Second. I'm 200 % sure that most of the Cambodian oil has been sold (already) to CNOOC. Maybe 5 % has been sold to a French company, and 10 % to companies from the US, and another 5 % to Japan, and another 10 % to other Asian companies.
You will indeed read a lot about the French, US, Thai or other western oil companies in the newspapers. But you'll never about the Chinese involvement in the newspapers! Guess 3 x why !?!?!?
Anyway, the last question will be too difficult for you, because you still live in 1976...
10% to U.S. oil? I doubt it. Unless you have credible sources, the U.S. is the only country that have the necessary technology and equipments (Japan doesn't count as Japan and the U.S. are always in bed together) to explore, process, and ship these oils. I've not yet seen a "Chinese offshore" oil rigs. Maybe I can be proven wrong. Unlike the guy who "swears alot" on here, I can admit my mistake.
But yes, I agree. Most of the profit will not enter Cambodia. The small percentage that do will go to a tiny group of individual politicians.
To 3:21AM
What had happened to you! You just paste the same old writing! You ran out of stuff to say?? You should become a robot than a human being because saying the same thing mean alot to you!ahahhaha
To 12:33PM
If what you say is true! Cambodia is just another Nigeria in the making!!!May God bless AH HUN SEN Vietcong slave!
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