You are using an outdated browser and your browsing experience will not be optimal. Please update to the latest version of Microsoft Edge, Google Chrome or Mozilla Firefox. Install Microsoft Edge

August 2, 2022

Thailand to Open Bidding for Offshore Oil and Gas Fields

Subscribe to Updates

The Ministry of Energy is preparing to open a bidding round for the right to explore and produce petroleum in three offshore exploration blocks in the Gulf of Thailand: Exploration Block Nos. G1/65, G2/65, and G3/65. Announced in April 2022 with an eye toward national energy sustainability and security, this is the first opportunity for exploration of new offshore areas in 15 years.

The total area of the three exploration blocks is 35,164.01 square kilometers, and operations in the exploration blocks will be subject to the terms and conditions of the required production sharing contract (PSC). Under the PSC, the Thai government is entitled to receive royalty payments against profits, any applicable cost recovery, and profit petroleum. The government also has the authority to monitor the petroleum operations in collaboration with the successful bidder.

On July 27, 2022, the Department of Mineral Fuels (DMF) held a conference for prospective investors in order to clarify general information regarding the petroleum bidding round. Currently, interested investors can request the right to enter the bidding-round data room located at the DMF by emailing [email protected] by September 2, 2022.

To participate in the bidding round, interested investors must submit an application together with required documents to the DMF during the period of September 5–16, 2022.

For further information on the bidding round, or on any aspect of energy law in Thailand, please contact Tilleke & Gibbins at [email protected] or +66 2056 5555.

Related Professionals

Industries

Energy

Location

RELATED INSIGHTS​ 

November 24, 2015
Two years ago, the Private Investment in State Undertaking Act B.E. 2556 (2013) (PISUA) replaced the Private Participation in State Undertaking Act B.E. 2535 (1992) (PPSUA), which set out the criteria for a private party to jointly operate a government project. There were calls to replace the PPSUA because the law had a convoluted project approval process that discouraged private investment. During its 21-year lifespan, only 40 projects were completed under the PPSUA.
Read More
November 13, 2015
In August 2014, the Energy Regulatory Commission (ERC) announced a new scheme aimed at expanding solar power generation to meet the government’s Alternative Energy Development Plan.To encourage more solar power generation, the scheme allows the establishment of solar farms through public-private partnerships, which are funded and operated by the government or agricultural cooperatives as public partners, with the private sector as project supporters.
Read More
June 3, 2015
The first edition of Global Agriculture Law, a Q&A-style guide that provides detailed overviews of agriculture law worldwide, has been published. The guide covers key practical issues, including those affecting agricultural companies and cooperatives, land ownership and usage rights, tax and financing, crop seed business, plant variety right protection, GM crops, importing animals, gene patents, and product liability.The Thailand chapter, written by lawyers at Tilleke & Gibbins, delves into the following main issues:
Read More
June 3, 2015
Global Agriculture Law (1st Ed.), a guide that presents a Q&A-style overview of agriculture law in 22 jurisdictions around the world, has been published. The Vietnam chapter of the guide, written by Kien Trung Trinh, Dung Thi Kim Vu, and Linh Duy Mai of Tilleke & Gibbins, covers key practical issues including those related to agricultural policy, acquisition of agricultural companies, acquisition of agricultural land, crop seed business, plant variety rights, genetically modified crops, importing animals and gene patents, and agricultural safety and product liability.
Read More