Canadian-listed explorer Angkor Resources, through its subsidiary EnerCam, is advancing a landmark exploration drilling campaign scheduled for 2026 on onshore Block VIII in Cambodia. This initiative aims to establish the nation's first onshore oil and gas project. The company is currently procuring a drilling rig and ancillary services while finalizing drilling targets following the recent completion of a 47-day, 350-line-kilometre 2D seismic survey across three provinces.

Drilling Targets and Geological Findings

EnerCam has identified a third anticlinal dome structure, named North Bokor, adding it to the previously known Central Bokor and South Bokor structures as proposed drilling targets. A significant geological distinction of the North Bokor structure is that the mapped regional unconformity surface is at significantly shallower depths compared to the other targets. This shallower depth is expected to facilitate easier drilling to deeper geological objectives in the western half of the block. The full interpretation of all seismic data is anticipated in December.

Exploration and Development Plans

The phase two exploration campaign has a budget of $8 million to $10 million and plans to drill between two and five exploration wells. Should these wells prove successful, a subsequent development drilling campaign is planned with an investment of $27 million to $30 million. The project targets a minimum recoverable resource of 25 million barrels of oil on Block VIII. Initial production is estimated at 5000 barrels of oil per day or 10 million cubic feet of gas per day. Production plans involve converting gas to power and transporting oil by truck to customers.

Licensing and National Context

EnerCam operates under a 30-year exploration, development, and production sharing agreement for Block VIII, which was formally approved by the Cambodian Ministry of Mines & Energy. The license area, which was expanded in September to include the Mussel basin, now covers 4277 square kilometres and contains the three primary Bokor sub-basins of interest. EnerCam is the sole holder of onshore oil and gas exploration acreage in Cambodia, with additional licenses available for future acquisition. The success of this project would mark a significant shift for Cambodia, which currently depends on imports for its oil and gas needs, especially after the cessation of production from its only offshore field, Apsara, in 2021.

This material is an AI-assisted summary based on publicly available sources and may contain inaccuracies. For the original and full details, please refer to the source link. Based on materials by Ting Nan Wang. All rights to the original text and images remain with their respective rights holders.