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Thursday, December 15, 2011

Cambodia to get its first drop of oil by end of 2012

China National Offshore Oil Corp (CNOOC) has begun drilling in Block F, nearly 40km south of Sihanoukville in southern Cambodia, Council of Ministers Press and Quick Reaction Unit spokesman Ek Tha said Wednesday.

"CNOOC’s chief executive told Deputy Prime Minister HE Sok An today about the company drilling its first well since it got the oil and gas exploration project in 2007," he said.

The spokesman said Sok An welcomed the drilling and asked about CNOOC’s decision in Block F.

According to the National Petroleum Authority, the block covers more than 7,000sqkm, with the first drilling project expected to cost US$20 million.

The commencement of drilling follows an environmental impact assessment received by civil society last month. Cambodia expects to get its first drop of oil by the end of 2012.

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