Thailand To Auction Petroleum Concessions Held By Chevron, PTTEP

Reuters

BANGKOK, May 30 (Reuters) - Thailand's military government plans to put petroleum concessions held by Chevron Corp and PTT Exploration and Production Pcl up for auction, energy minister Anantaporn Kanjanarat said on Monday.

The auction for the petroleum contracts, which are due to expire in 2022-2023, is expected to be completed within one year from now, Anantaporn told reporters after a meeting with the country's energy policy makers. He gave no details on when the auction would start.

If there are no interested bidders, the government will negotiate extensions of the concessions with the existing holders, the minister said.

(Reporting by Pracha Hariraksapitak; Writing by Khettiya Jittapong; Editing by Tom Hogue)

Copyright 2016 Thomson Reuters. Click for Restrictions.

WHAT DO YOU THINK?

Click on the button below to add a comment.
Post a Comment
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.

Related Companies
Events  SUBSCRIBE TO OUR NEWSLETTER

Our Privacy Pledge
SUBSCRIBE



Most Popular Articles

From the Career Center
Jobs that may interest you
Contract Transfer Reviewer/ Approver (Land/Lease Contracts)
Expertise: Landman|Lease Analyst
Location: Houston, TX
 
Quality Assurance Manager
Expertise: QA / QC / Inspection|Regulatory Compliance|Reliability Engineer
Location: Philadelphia, PA
 
Project Manager
Expertise: Project Management
Location: Pasadena, TX
 
search for more jobs

Brent Crude Oil : $49.24/BBL 1.12%
Light Crude Oil : $47.83/BBL 1.65%
Natural Gas : $2.959/MMBtu 0.23%
Updated in last 24 hours