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Industry in focus

Cambodian oil: the dream that refuses to die

Sector beset by delays and corruption now pins its hopes on debt-crippled energy firm

Drilling at a KrisEnergy-operated oilfield in the Gulf of Thailand. The company is funneling its limited cash toward its Cambodia offshore concession. (Photo courtesy of KrisEnergy)

PHNOM PENH -- Block A -- Cambodia's most promising oil concession -- is the dream that refuses to die. The concession's Apsara field, if fully tapped, would help diversify an economy heavily reliant on garment exports -- and increasingly Chinese investment.

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