Results 1 to 7 of 7
  1. #1
    Thailand Expat misskit's Avatar
    Join Date
    Dec 2009
    Last Online
    @
    Location
    Chiang Mai
    Posts
    29,007

    Erawan and Bongkot gas field auction

    GULF OF THAILAND, 22nd September 2018 (NNT) - The National Energy Reform Committee insists that an auction for the Erawan and Bongkot gas fields will take place.

    In the recent forum “Energy National Reform Plan to Be Put to Practice”, Mr Pornchai Rujiprapa, the chair of the National Energy Reform Committee, insisted that the committee will allow bidding for the right to petroleum exploration and for production in the Erawan and Bongkot fields of the Gulf of Thailand. The licenses for these fields will expire in 2022 and 2023.

    The right will be given in the form of a production sharing contract. The auction will take place on 25th September according to the same schedule, despite the fact that there are those who disagree, which is common, and the government has to bring understanding to members of the public.

    Mr Manoon Siriwan, of the reform plan committee admitted that in the past, members of the public had too little participation in energy management policymaking, which hindered the progress of energy reformation. Therefore, the National Energy Reform Committee, stated in the recent energy national reform plan approved by the NLA that the people are also allowed to participate in the work.

    A civil society committee has been appointed by the order of the Minister of Energy with a committee from three parties, energy consumers, energy producers and scholars and experts. The operation will start in 2019.


    National News Bureau Of Thailand | Erawan and Bongkot gas field auction

  2. #2
    Thailand Expat
    OhOh's Avatar
    Join Date
    Jul 2010
    Last Online
    17-07-2019 @ 10:57 PM
    Location
    Where troubles melt like lemon drops
    Posts
    17,525

  3. #3
    Thailand Expat misskit's Avatar
    Join Date
    Dec 2009
    Last Online
    @
    Location
    Chiang Mai
    Posts
    29,007
    Chevron and PTTEP bidding on Erawan and Bongkot gas blocks

    BANGKOK, 26th September 2018 (NNT) – Chevron and PTT Exploration and Production (PTTEP) have filed applications to take part in an auction commissioned by the Ministry of Energy for the Erawan and Bongkot natural gas fields, which are to see their concessions end in 2022.

    Director-General of the Department of Mineral Fuels (DMF) Veerasak Puengrassamee, has revealed that both gas blocks have received interest from PTTEP and Chevron.

    The G1/61 or Erawan field is to be bidded for by PTTEP in a 60/40 partnership with Mubadala Petroleum of the United Arab Emirates and by Chevron Thailand Holdings in a 74/26 partnership with Mitsu Oil Exploration Co Ltd.

    The G2/61 or Bongkot block is to be bidded for by PTTEP and Chevron Thailand Holdings in a 74/26 partnership with Mitsu Oil Exploration Co Ltd.

    Sucessful bids are expected to be submitted for Cabinet approval by December this year.

    Prime Minister Gen Prayut Chan-ocha assured the parties involved that the auction will be conducted based on the best interests of the nation and the ultimate impact on fuel prices, noting that any delay would affect energy availability in the country.


    National News Bureau Of Thailand | Chevron and PTTEP bidding on Erawan and Bongkot gas blocks

  4. #4
    Thailand Expat
    Airportwo's Avatar
    Join Date
    Mar 2006
    Last Online
    Today @ 12:15 PM
    Location
    Flat Earth
    Posts
    3,567
    If PTT lose their control of these fields be very surprising, Chevron as a multi national would have little interest in such a small operation, probably "encouraged" to put in a bid to satisfy the "public"

  5. #5
    Not a Mod.
    Begbie's Avatar
    Join Date
    Mar 2006
    Last Online
    @
    Location
    Lagrangian Point
    Posts
    11,369
    Erawan is currently “owned” by Chevron and Mitsui.

  6. #6
    Thailand Expat
    OhOh's Avatar
    Join Date
    Jul 2010
    Last Online
    17-07-2019 @ 10:57 PM
    Location
    Where troubles melt like lemon drops
    Posts
    17,525
    Quote Originally Posted by misskit View Post
    A civil society committee
    Will the "energy consumers, energy producers and scholars and experts" be voting on who wins the contact or are they just observers/reporters of the auction event?

    Is the group identified in "the recent energy national reform plan", "the people" who are "allowed to participate in the work." supported by competent neutral advisors and be able to vote when deciding who wins?


    Quote Originally Posted by Begbie View Post
    Erawan is currently “owned” by Chevron and Mitsui.
    Have they delivered the expected results and met the contractual obligations?
    Last edited by OhOh; 26-09-2018 at 06:35 PM.
    A tray full of GOLD is not worth a moment in time.

  7. #7
    Thailand Expat
    Airportwo's Avatar
    Join Date
    Mar 2006
    Last Online
    Today @ 12:15 PM
    Location
    Flat Earth
    Posts
    3,567
    Quote Originally Posted by Begbie View Post
    Erawan is currently “owned” by Chevron and Mitsui.
    My mistake, I was thinking about Bongkot.

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •