Thai govt defers energy concessions deadline

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Govt defers energy concessions deadline
THE NATION

Says public forum will be held on Friday to debate new round of drilling licences

BANGKOK: -- THE PRAYUT government has decided to extend the period for the submission of applications for the 21st round of bids for oil and gas exploration and production concessions after facing opposition from civic groups.

The government will hold a |public forum at Government House on Friday to discuss the plan and would welcome all parties for further debate on the issue, deputy government spokesman Major-General Sansern Kaewkamnerd said yesterday.

"The government has consulted with the Energy Ministry and we agreed to extend [the deadline of the bidding]. The ministry will later announce the new deadline," he said.

The deadline for the end of bid applications, opened by the pro-concession Energy Ministry in October last year, was initially scheduled to be Wednesday. However, the National Reform Council (NRC) voted against the plan in January - a landmark decision hailed by the public, which has reportedly prompted the government to rethink its plans, and now to hold the public forum on Friday.

The forum would start at 9.30am at the Santi Maitree building for parties involved, including proponents and opponents of the proposed move, as well as investors, he said.

"The main objective of the event is to give all parties an equal chance to discuss what doubts remain in order to find answers and ways out to the government, the National Assembly and the NRC, and the general public," he said.

A network of energy reformists, who oppose the government's stance to allow new concessions to explore for oil and gas, without heeding the NRC members' vote against it last month, thanked the government after the news emerged yesterday.

They said it was not right that the government still wants to go ahead with the concessions before holding further talks after the NRC vote against the move.

As a result, the network insisted yesterday it would still submit a letter to Prime Minister General Prayut Chan-o-cha today, in a rally scheduled for 10am, at the government service centre opposite Government House, as well as another letter about the plan to hold the forum on Friday.

The network did not give details on how many people would gather for today's rally, but Sansern said a group of 5-10 representatives would be enough - and would not result in traffic congestion at the centre.

A group of energy reformists, led by Dr Suphat Hasuwannakij, has submitted an open letter to Prayut calling on him, as head of the National Council for Peace and Order, to make public details of all 20 previous petroleum concessions for the sake of transparency and easy access for public scrutiny.

In his open letter released yesterday, Suphat also called on Prayut to set up a joint committee to study the 20 concessions to make a comparison between the negative and positive factors - and the profit-sharing arrangement proposed by energy reformists and NRC members opposed to more concessions being allowed.

Suphat said he believed in Prayut's stance standing for the benefits of the country and Thai people, but a wrong decision could have been influenced by technocrats who misled him through distorted or incomplete information about the country's entire energy system and petroleum concession system.

Source: http://www.nationmultimedia.com/politics/Govt-defers-energy-concessions-deadline-30254152.html


-- The Nation 2015-02-16

[Ricardo]

Perhaps there's a slight shortage of applications for these concessions ?

Due to the plunging price of oil & gas, making them less valuable or attractive ?

Edited February 16, 2015 by Ricardo

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Bidding for energy exploration concessions to be postponed
By Digital Content



BANGKOK, Feb 16 -- Submission of bid applications for the 21st round of Thailand's oil and gas exploration concessions, scheduled earlier for this Wednesday, might have to be postponed, according to Puangthip Silpasart, Director-General of the Energy Ministry’s Mineral Fuels Department.

Ms Puangthip said it is expected that a meeting of National Energy Policy Committee, scheduled for today with Prime Minister Gen.Prayut Chan-o-cha presiding would discuss postponing bid applications.

She said Thailand’s energy security would not be impacted even if bidding is postponed for one or two months.

The possible postponement would be in line with a public referendum due to be held Friday, to be telecast live. Ms Puangthip said the ministry has been listening to opposition to the programme aired by civic groups.

The government has reserved the right not to grant concessions if it finds that returns to the state are not fair, she said.

To be fair the government should receive “not less than 70 per cent while the successful concessionaires receive not more than 30 per cent.”

Reiterating that bidding for oil and gas exploration concessions is still necessary because national reserves for energy would “dry up in the next seven years," Ms Puangthip said that the country needs to have clear information on petroleum.

Deputy Prime Minister Pridiyathorn Devakula said earlier that 13 bidders, including a French firm, will contest in the 21st round of bidding on concessions for oil and gas exploration in Thailand. (MCOT online news)


-- TNA 2015-02-16

[Soutpeel]

On a 70/30 revenue split with the operator taking all the risk and its their capex, then the Thai O&G game is well and truely f #kced

The majors including PTTEP will not go for this

Believe there are people pulling numbers out their bottoms

As regards the 13 bidders and the froggies ( Total) can't see what the fuss is about as this keeps coming up, TOTAL along with British gas already own stakes in PTTEP and have done so for many years

Piss poor research by the journo

[rotary]

No surprise with oil below $50. they are lucky to have bidders at all.