Chevron awarded another block
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.
The cabinet on Tuesday approved the rights…
