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Bangkok Post
Bangkok Post
Business

PTTEP grabs 2 new licences in Gulf

PTTEP Gulf Petroleum PTT Exploration and Production Plc Gulf of Thailand Oil
The Erawan gas field operated by PTTEP in the Gulf of Thailand. The company aims to increase petroleum production after being granted licences to explore new blocks in the Gulf.

PTT Exploration and Production Plc (PTTEP) was awarded exploration and production licences at two of three new petroleum blocks in the Gulf of Thailand, a move that should pave the way for more domestic oil and gas supply to strengthen the country's energy security.

The company was awarded the rights for blocks G1/65 and G3/65, while US-based Chevron Offshore (Thailand) was awarded a licence for block G2/65, according to the Department of Mineral Fuels.

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