An overlapping claim area (OCA) covering 26,000 sq km that is estimated to contain up to 500 million barrels of oil and gas deposits will be the subject of talks between Thailand and Cambodia. As part of its efforts to promote energy independence, the government is holding energy negotiations with neighboring countries such as Cambodia and calling for bids for petroleum concessions. A committee has been formed to investigate ways to jointly develop the 5 million barrels of oil and the overlapping claims area, and the Foreign Affairs Ministry will lead negotiations with Cambodia. Various attempts have been made to rekindle negotiations over the 500 million barrels of oil oil and gas deposits in the region with varying degrees of success. Source: Bangkok PostKeywords: barrels of oil equivalent per day,barrels of oil equivalent,barrels of oil per day,how many barrels of oil does the u.s. use a day, 2 million barrels of oil in tonnes

Source: Bangkok Post September 14, 2022 01:35 UTC