New oil, gas drilling licences mid-year
- Published: 25 Feb 2013 at 13.54
- Online news: Local News
A new round of bidding for exploration and production licences for 22 onshore and offshore oil and gas sites with a combined area of 43,000 square kilometers will be called in the midddle of the year, the director-general of Department of Mineral Fuels said.
Songpop Polachan said on Monday the 21st bidding round was originally planned for early this year but was postponed because Energy Minister Pongsak Raktapongpaisal wanted to first ensure the public understand the country’s need to seek new energy sources.
Mr Songpop said the department would explain the current energy situation to the people, and that domestic energy reserves continue to decrease, especially known natural gas supplies from the Gulf of Thailand which were likely to be exhausted in the next 10 years.
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