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Thai PTTEP wins bids for petroleum concessions in Gulf of Thailand - Mr Jirapongphan

Gasoil News - Published on Mon, 17 Dec 2018

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Reuters cited Mr Siri Jirapongphan, Energy Minister as saying that Thailand's PTT Exploration and Production Pcl (PTTEP) has won bids for Bongkot and Erawan petroleum concessions in the Gulf of Thailand. In the Erawan (G1/61) concession, a joint bid from PTTEP and its partner, the UAE's Mubadala Petroleum, beat one from Chevron and partner Mitsui Oil Exploration.

PTTEP also won a solo bid for the Bongkot (G2/61) concession, beating Chevron and Mitsui Oil.

Chevron operates the Erawan gas block and state-backed PTTEP operates the Bongkot concession, which will expire in 2022 and 2023, respectively.

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Posted By : Nanda Koijam on Mon, 17 Dec 2018
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