Cambodia has passed a law which requires companies processing petroleum from Cambodia’s oilfields to provide a maximum of 25 per cent to meet local needs. However, the Law on the Management and Production of Petroleum states that petroleum exports can be banned in the event of a shortage in local supply. According to sources, KrisEnergy Limited, the Singapore-based firm that operates Cambodia’s Block A offshore oilfield, has claimed that the first drop of oil will be extracted late this year, with commercial production scheduled to begin in 2020. KrisEnergy has completed a 3D seismic survey in the Block A concession.
