PTTEP Wins Licenses in the Gulf of Thailand

Arthit Field
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PTTEP has received approval from the Department of Mineral Fuels for the award of two petroleum concessions from the 19th Petroleum Concession Bidding Round.

Concession Block G9/48, covering an area of 252 square kilometers adjacent to the Arthit Project in the Gulf of Thailand, off the coast of Songkhla province: PTTEPT as operator will hold 84% interest and Unocal Andaman Limited will hold 16% interest.

Concession Block G12/48, covering an area of 622 square kilometers located in the Gulf of Thailand, off the coast of Songkhla province: PTTEPT as operator will hold 44.4445% interest, and TOTAL E&P Thailand will hold 33.3333% interest and Thai Energy will hold 22.2222% interest.

The awarded of the petroleum concessions will be effective only after official confirmation from the Minister of Energy.

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