Cambodia eyes joint energy future with Thailand; focus on oil and gas exploration

PHNOM PENH (Phnom Penh Post/ANN): Cambodia eagerly anticipates the opportunity to collaborate with Thailand for the renegotiation of a Joint Development Area (JDA) focused on oil and gas exploration within the 26,000sq km Overlapping Claims Area (OCA).

The area is estimated to contain significant oil and gas deposits beneath the seafloor, potentially holding up to 500 million barrels. As a looming power crisis casts a heavy shadow on the horizon, both nations are keen to secure a sustainable energy future.