ArrowArtboardCreated with Sketch.Title ChevronTitle ChevronIcon FacebookIcon LinkedinIcon Mail ContactPath LayerIcon MailPositive ArrowIcon Print
Energy

Cambodia pumps its first oil in win for embattled KrisEnergy

Singaporean company hails 'historic' milestone but debt issues loom

Singapore's KrisEnergy pumped the first oil for Cambodia in late December. (Photo courtesy of KrisEnergy)

PHNOM PENH -- Singaporean-listed KrisEnergy has pumped the first drops of oil from a commercial well in Cambodia, marking a major milestone in the country's more than two decade quest to produce petroleum.

The development, announced on Tuesday, also provides some positive news for the company as it tries to restructure debts of more than $500 million while under court protection from creditors.

Sponsored Content

About Sponsored Content This content was commissioned by Nikkei's Global Business Bureau.

Nikkei Asian Review, now known as Nikkei Asia, will be the voice of the Asian Century.

Celebrate our next chapter
Free access for everyone - Sep. 30

Find out more