Prime Group, the Singapore-based investment platform focused on natural resources and strategic assets, has announced a proposed expansion into Southeast Asia through a potential acquisition of a controlling interest in Cambodia’s offshore Apsara oil field. The move represents a geographic diversification beyond the Group’s existing focus regions and reflects its continued interest in asset-backed energy opportunities.
The potential transaction is being pursued through a Prime Group affiliate and remains subject to technical, legal, and commercial due diligence, as well as regulatory approvals and definitive agreements. An exclusivity period has been secured to allow detailed evaluation of the asset before any final commitment is made.
The Apsara field is recognized as Cambodia’s first producing oil field and has been the subject of prior exploration and appraisal activity. Historical technical work, including drilling and 3D seismic surveys, identified hydrocarbon-bearing zones across multiple wells. These datasets provide a foundation for assessing future development scenarios and investment requirements.
Under the contemplated structure, Prime Group is evaluating the acquisition of up to a 70 percent participating interest and a joint venture framework with the current license holder. If completed, the arrangement could position Prime Group in a leading role in development planning, operatorship, and commercialization, while operating within Cambodian regulatory guidelines.
The company states that its investment approach prioritizes assets with existing geological data, defined resource indicators, and realistic development pathways. Cambodia’s evolving energy sector and regional demand dynamics are viewed as factors that could support long-term project relevance, subject to technical and market conditions.
This proposed entry into Southeast Asia also aligns with Prime Group’s broader portfolio strategy as it progresses toward a planned Singapore Exchange listing. The Group has communicated its intention to assemble a diversified base of resource and infrastructure assets capable of generating long-term value.
Prime Group notes that recent funding facilities and capital partnerships provide financial flexibility for selective investments. The company emphasizes that deployment decisions are guided by disciplined risk assessment, asset quality, and commercial sustainability.
The announcement reflects strategic intent and ongoing evaluation. Completion of the acquisition is not guaranteed and will depend on due diligence outcomes, negotiations, and government approvals.
About Prime Group
Prime Group is a diversified international investment and trading platform active in energy, mining, and agricultural sectors. Headquartered in Singapore, the company structures partnerships and investments aimed at in-region value creation and responsible resource development across multiple markets.
