Offshore staff

SINGAPORE -- A Singapore-Thai venture has completed the acquisition of 10% interest in a block offshore Cambodian. The block lies within range of the oil and gas discoveries in the Khmer basin in the Gulf of Thailand.

The Cambodian National Petroleum Authority has approved the acquisition of Singapore Petroleum Co. Ltd. and Thailand's PTTEP International Ltd. and Resourceful Petroleum Ltd., giving each of them a one-third share in block B, 250 km (155 mi) off the Cambodian coast east of the Thai-Cambodia Overlapping Claims Area.

The 10% acquisition was made from Cambodia B Ltd, a wholly-owned subsidiary of Cooper Energy Ltd., SPC said.

10/11/07