KrisEnergy Signs Contract for Rubicon Vantage FSO

Singapore-listed KrisEnergy Ltd announced today it has chartered the Rubicon Vantage FSO vessel and a catenary anchor leg mooring (CALM) buoy for utilization on the Wassana oil development in the G10/48 licence area in the Gulf of Thailand. The Wassana field is anticipated to commence production in the second half of 2015. The Rubicon Vantage is a double-hull Floating … [Read more...]

KrisEnergy Acquires Chevron Cambodia Unit

KrisEnergy Ltd. announced today the acquisition of entire issued share capital of Chevron Overseas Petroleum (Cambodia) Limited, which holds a 30% participating interest in and operatorship of, Cambodia Block A.  The total consideration for the transaction is US$65 million and upon closing, KrisEnergy will indirectly hold 52.25% participating interest in the development … [Read more...]

KrisEnergy Makes Final Investment Decision at Wasanna

KrisEnergy announced today they have made the final investment decision to drill upwards of 14 development wells at the Wasanna development in the Gulf of Thailand at G10/48 as well as acquire a converted Bethlehem matt-type jack-up rig for use as a mobile offshore production unit (MOPU).  The rig will process and route upwards of 20,000 bbls/day of hydrocarbons to a floating … [Read more...]

Key Gibraltar Gains Work in the Gulf of Thailand

Singapore-based KrisEnergy Ltd. announced today they have contracted Shelf Drilling's Key Gibraltar jack-up for a 6-month drilling drilling campaign in the Gulf of Thailand.  The contract includes a 2-month extension option. The drilling program is anticipated to comprise 12 to 14 development wells in G10/48 where KrisEnergy is developing the Wassana oil field, together with … [Read more...]