More domestic oil and gas supply could improve energy security
PTT Exploration and Production Plc (PTTEP) has been awarded exploration and production licences at two of three new petroleum blocks in the Gulf of Thailand, which 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 agrements, which met the criteria set by the department under…
