BAKER HUGHES Q2 2017 RESULTS
Baker Hughes, a GE company, announced today the premerger Baker Hughes Incorporated financial results for the second quarter of 2017. Baker Hughes, a GE...Read More+
KrisEnergy , an independent upstream oil and gas company based in Singapore, announced that its wholly-owned subsidiary, KrisEnergy Apsara, has signed a conditional letter of award with PT Profab for the supply of a minimum facilities wellhead platform for the Apsara oilfield, Cambodia’s maiden oil development. The scope of work covers key procurement, and the fabrication and construction of the jacket, topsides and other related accessories for the Mini-Platform, including full pre-commissioning and loading onto a barge for transportation. The work will be undertaken at Profab’s facility on Batam Island, Indonesia. The Apsara field in Cambodia Block A lies over the Khmer Basin, an unproduced geological basin in the Cambodian maritime waters of the Gulf of Thailand. Due to the unproven production performance of the basin, development of the Apsara area will be in several phases to mitigate risk and provide time for the collection and analysis of critical data to be applied in future phases. This development phase, Mini Phase 1A, comprises the Mini-Platform and five initial development wells connected to the Ingenium II production barge for oil, gas and water processing. Shuttle tankers will transport crude oil from the barge. Apsara oil is scheduled to flow in the first half of 2020 and the field is expected to reach a peak rate of 7,500 barrels of oil per day.
(Source: Kris Energy)
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