KrisEnergy and the government of Cambodia have signed agreements for the first oil field development, located in Block A in the Gulf of Thailand. The operator plans to develop the Apsara area in the northeastern section of the concession. Under the terms of the agreement, KrisEnergy has 60 days to declare a final investment decision For Apsara, which is expected to take up to 24 months to come online. Phase 1 of the development will consist of a single unmanned minimum facility 24-slot wellhead platform, producing to a moored production barge capable of processing up to 30,000 barrels of fluid per day with gas, oil and water separation facilities on the vessel. It is expected that 20 development wells will be drilled during the first phase. Water depth at the field range between 164 and 262′, therefore a jackup will be required for the campaign.