KrisEnergy has agreed to transfer its 100% in block 115/09 to a major IOC for a nominal cash consideration which will be steered to Cambodia ops. 115/09 has commitments to 850 sq km 3D seismic acquisition + subsequent processing and an explo well. A long stop date for the deal is 30 Jun '20. 115/09 covers 7,385 sq km in the Quiongdongnan Basin:
KrisEnergy has agreed to transfer its 100% in block 115/09 to a unidentified major IOC for a nominal cash consideration.