CAMBODIA AWARDS FIRST ACREAGE SINCE 1970S

Cambodia has awarded its first exploration contract in almost 20 years. Enterprise Oil Exploration Ltd., London, in a 60-40 partnership with Cie. Europeene des Petroles, France, acquired Blocks I and II, each covering 5,000 sq km, in the Gulf of Thailand about 93 miles southwest of the Cambodian port of Kompong Som. The agreements cover an initial period of 3 years with an option to extend another 3 years, as well as a production agreement covering 30 years from the start of the agreement.

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