Exploration & Production

Thailand to hold Erawan and Bongkot auction in March

Thailand plans to hold auctions for the Erawan and Bongkot gas fields in March, according to Energy Minister Siri Jirapongphan.
By Staff reporter 13 February 2018 0 29555

Thailand plans to hold auctions for the Erawan and Bongkot gas fields in March, according to Energy Minister Siri Jirapongphan, Reuters has reported.

The Energy Ministry and the Department of Mineral Fuels will finalise the terms of the auction by the end of February and send them to the cabinet for approval in March. The selection process will take around five to six months.

One condition for bidders is that they will have to maintain a combined production level of at least 42.5 million cubic...