Cambodia

In 1996, Idemitsu participated in an international tender held by the Cambodian government. On October 30, 1997, we signed the Conditional Petroleum Contract together with Conoco (now ConocoPhillps) with the Cambodian government for Areas I & II.

Since the OCA Areas are located where the national border between Thailand and Cambodia is disputed, no exploration activities have been conducted yet. It is known to be one of the few places in the world that is untouched by advanced exploration technology.

Since a lot of oil and gas fields have already been discovered in Thailand's waters, Areas I & II especially are considered to have a high probability of producing oil and gas under the same trend of oil and gas production. As we continue to support the discussions being held between the two governments, we look forward to the day when we can actually start specific exploration activities.