Exploration & Production

Thailand to delay offshore field auction by two months

Thailand is delaying the auction of new operating concessions for the Erawan and Bongkot offshore gas fields by two months.
By Staff reporter 15 September 2017 0 27596

Thailand will delay the auction of new operating concessions for the Erawan and Bongkot offshore gas fields by two months, according to Energy Minister Anantaporn Kanjanarat, Reuters reported on Thursday.

Chevron operates the Erawan field and state-owned PTT Exploration and Production operates the Bongkot field under licences that are due to expire in 2022 and 2023 respectively.

The Energy Ministry has said the terms for the auction will be announced in July or August and winners declared in February 2018.

The fields represent around...