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Cambodia's first oil unlikely before 2010 |
SINGAPORE, Nov 4 (Reuters) - U.S. major Chevron Corp (CVX.N: Quote, Profile, Research, Stock Buzz) has yet to submit a plan for what was slated to be Cambodia's first oil development, a senior Cambodian official said on Tuesday, which would mean first oil is unlikely until the next decade.
The impoverished Indochinese country has been keen to tap its hydrocarbon resources like its Thai and Vietnamese neighbours but Chevron-operated Block A, once touted as Cambodia's route to riches, is unlikely to be onstream before 2010 at the earliest.
"Chevron is planning to do more exploration and appraisal. By the end of the year, they will submit a development plan," Ho Vichit, vice-chairman of state-owned Cambodian National Petroleum Authority (CNPA) told reporters on the sidelines of an energy conference in Singapore.
The time lag between a development plan and first oil is usually at least a year and often take several years.
But Ho said the field would be developed, rejecting the suggestion that development could be shelved.
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Cambodia readies for first rock opera |
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Cambodia's first rock opera will premiere in Phnom Penh next month, a cultural milestone in the Southeast Asian country where performing arts were banned during the brutal Khmer Rouge years.
"Where Elephants Weep" is an East-meets-West blend of traditional Cambodian music and Western rock that is modeled after "Romeo and Juliet" and inspired by the Broadway musical "Rent."
Organizers say the show will open a 10-day run Nov. 28 in a converted movie theater in the capital, Phnom Penh, a year later than its planned premiere at the end of 2007.
The show was commissioned by Cambodian Living Arts, a project of the Boston nonprofit organization World Education, which seeks to revive traditional Cambodian performing arts and inspire contemporary artistic expression among Cambodians. Charley Todd, a co-president of the arts group's governing board, said the opera had a successful preview last year in Lowell, Mass., which has a sizable community of Cambodian refugees. But producers needed extra time for fine-tuning. |
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