The Cambodian government expects Chevron (CVX) to begin developing the country's first offshore...

|About: Chevron Corporation (CVX)|By:, SA News Editor

The Cambodian government expects Chevron (CVX) to begin developing the country's first offshore oil field early next year, and hopes the country will become a regional hot spot for oil and gas investment. CVX has discovered commercial resources at Block A off the coast and drilled 18 wells there, but reaching terms for developing the field has been slow.