KrisEnergy (Apsara) Company Ltd, the concession holder for Cambodia’s Block 1 offshore oil field has secured a credit facility agreement of $87 million. The credit facility agreement was signed with Kepinvest Singapore Pte and constitutes project financing for the funding of the funding of the development of the Group’s near-term development project at Cambodia Block A, an offshore development oil and gas asset located in the Khmer Basin of the Gulf of Thailand with approximately 3,083 sq. km of gross acreage.
