The Erawan gas field in the Gulf of Thailand, operated by PTTEP. The auction, also known as the Round 25 auction, will cover seven blocks in the Northeast and two in the Central region. Last year, the department awarded licences to explore and produce petroleum at three blocks in the Gulf to Chevron Thailand Exploration and Production Co and PTT Exploration and Production Plc (PTTEP), following the conclusion of Round 24 bidding, held in 2022. In 2023, the total petroleum production in Thailand increased slightly by 1% year-on-year to 562,888 barrels of oil equivalent per day (BOED). "Petroleum production in the country already passed its peak production period several years ago.

Source: Bangkok Post February 09, 2024 11:15 UTC