Mitsui delivers bid for disputed offshore area

Tokyo-based exploration company meets with Hun Sen after submitting application for rights to Area IV in Gulf of Thailand

JAPANESE oil and gas company Mitsui Oil Exploration Co submitted an application Tuesday to Prime Minister Hun Sen for exploration rights in an overlapping offshore area in the Gulf of Thailand, the prime minister’s spokesman said.

Ieng Sophalleth said Mitsui Chairman Yoshiyuki Kagawa led a company delegation at a meeting in Phnom Penh that applied for Cambodia’s Area IV off the coast of Preah Sihanouk province.

“Yoshiyuki Kagawa told Hun Sen that the company had already submitted its proposed documents to the Cambodian National Petroleum Authority (CNPA) in bidding for oil and gas in offshore Area IV,” said Ieng Sophalleth, adding that the prime minister welcomed the plan and highlighting the need for transparency in the bidding process. Click to read more...