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Thailand extends licensing round bid deadline

Thailand has extended the bid deadline for oil and gas concessions by a month, till mid-March, after politicians and activists criticised contract terms, according to the country’s Energy Policy Committee.

Critics would like to see the concession model, in which the government receives taxes and royalties, changed to a production sharing contract akin to those offered by other south-east Asian countries, such as Vietnam, Malaysia and Indonesia.

The Thai government has offered six offshore blocks in the Gulf of Thailand, and 23 onshore blocks, in Thailand’s first energy bidding round since 2007.

News Item details


Journal title: Petroleum Review

Countries: Thailand -

Subjects: Exploration and production

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