According to the Petrolium Act 2017, biding can be called in three ways: concession, production sharing contract, and service contract. However, the cabinet has never approved a biding for product sharing and as such, the department will conduct a term of reference following approval to ascertain the country’s benefit, he said. Meanwhile, PTT Plc has agreed to buy all nature gas from both fields, he said.

Source: The Nation Bangkok November 07, 2017 18:00 UTC