Insight
Thailand's 2018 bidding round: old fields, new terms
Report summary
Thailand's Department of Mineral Fuels launched the bidding round for the G1/61 and G2/61 offshore blocks. These blocks cover the producing Erawan and Bongkot gas developments, operated by Chevron and PTTEP respectively. Producing a combined 2.2 bcf per day, these blocks account for 70% of Thailand's domestic gas production, but the existing concessions are set to expire in 2022 and 2023. The blocks are being offered under a Production Sharing Contract regime – the first time Thailand has offered this type of contract.
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