Oil auctions herald new Thai supplies

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Authorities are hopeful for the development of nine new petroleum fields to increase long-term energy supply in Thailand, following an official invitation for investors to apply for an auction for onshore petroleum exploration and production licences.

Six to seven companies have shown interest in searching information in the data room, said Mr Warakorn.

UAC produces crude oil and natural gas liquids (NGLs), which are separated from gas steam in liquid form, at its two petroleum fields.

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Article Details

Category: EconomyBusiness

Markets: Thailand

Topics: Nine Companies Petroleum Buri Exploration Onshore Nakhon Energy Areas Production Warakorn

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-03-07 @ 05:56:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 394 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 26709433

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Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Year Established: 1946

Headquarters: Thailand

News Last Updated: 1 days ago

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Publisher ID: #66

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