The Department of Mineral Fuels has awarded petroleum exploration and production licences to Chevron Offshore Thailand and PTT Exploration and Production Plc (PTTEP), as part of efforts to increase gas supply from the Gulf of Thailand and reduce power bills over the long term.
The two firms, which met the minimum criteria set by the department for production-sharing contracts, will operate in three petroleum blocks: G2/65, which covers 15,030 square kilometres and was awarded to Chevron; and G1/65 and G3/65, covering a combined area of 20,133 sq km to be explored by PTT’s oil and gas drilling unit.
