Oil production delayed.
Cambodian oil and gas concessions.
The Kingdom’s much-hyped deadline of tapping its first oil reserves by December 12, 2012 – or 12-12-12 – will not be met.
Chevron Overseas Petroleum (Cambodia) Ltd, which is now exploring the Kingdom’s offshore Block A in the Gulf of Thailand, has notified the Cambodian government that no oil extraction would take place this year, the spokesman said.
While a new tentative schedule was raised, neither party was ready to announce a new deadline for oil production in the Kingdom.The Cambodian government and Chevron plan to release a joint statement on the status of Block A and their partnership sometime in the first quarter.
