Post by Soutpeel on Jun 2, 2016 6:12:54 GMT 7
PTTEP to bid for Bongkot gas field
PTT Exploration and Production said yesterday that it would cooperate with its partners to bid for the Bongkot gas field that it is currently operates, but indicated that it might not contest for the other major gas block currently run by US oil giant Chevron.
"We are still confident that operation by the existing company will bode well for the continuity [of petroleum production]."
"But there are many conditions to consider," PTTEP president and chief executive officer Somporn Vongvuthipornchai said when asked if his company would also bid for the Erawan block, currently operated by Chevron.
The National Energy Policy Council chaired by Prime Minister Prayut Chan-o-cha resolved on Monday for the government to put to bid the two major petroleum blocks whose concessions will expire in 2022-2023.
The Erawan and Bongkot gas fields have combined production of 2.2 billion cubic feet per day, or 76 per cent of the output in the Gulf of Thailand. Direct negotiations will be held with Chevron and PTTEP if there are no interested bidders.
www.nationmultimedia.com/business/PTTEP-to-bid-for-Bongkot-gas-field-30287197.html
PTT Exploration and Production said yesterday that it would cooperate with its partners to bid for the Bongkot gas field that it is currently operates, but indicated that it might not contest for the other major gas block currently run by US oil giant Chevron.
"We are still confident that operation by the existing company will bode well for the continuity [of petroleum production]."
"But there are many conditions to consider," PTTEP president and chief executive officer Somporn Vongvuthipornchai said when asked if his company would also bid for the Erawan block, currently operated by Chevron.
The National Energy Policy Council chaired by Prime Minister Prayut Chan-o-cha resolved on Monday for the government to put to bid the two major petroleum blocks whose concessions will expire in 2022-2023.
The Erawan and Bongkot gas fields have combined production of 2.2 billion cubic feet per day, or 76 per cent of the output in the Gulf of Thailand. Direct negotiations will be held with Chevron and PTTEP if there are no interested bidders.
www.nationmultimedia.com/business/PTTEP-to-bid-for-Bongkot-gas-field-30287197.html
