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Thailand to open bids for energy concessions in March 2017

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webfact
in Thailand News - Discussion

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Thailand to open bids for energy concessions in March 2017

REUTERS

 

BANGKOK: -- Aug 25 Thailand's military government plans to open bids in March 2017 for expiring oil and gas contracts held by Chevron Corp and PTT Exploration and Production, an energy ministry official said on Thursday.

 

Chevron's Thai unit holds concessions to operate the Erawan gas field. PTTEP operates the Bongkot gas field. Contracts for the two offshore fields are due to expire in 2022 and 2023.

 

They have combined production of 2.2 billion cubic feet per day, or 76 percent of output in the Gulf of Thailand.

 

Full story: http://www.reuters.com/article/thailand-petroleum-auction-idUSL3N1B62UA

 
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-- © Copyright Reuters 2016-08-26

If only the Prayut government could make money off the national elections, they too might be held as early as the oil and gas concession bids.

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