Thailand and Cambodia in Talks Over Offshore Oil and Gas Exploration
Thailand and Cambodia are holding talks about jointly exploring an offshore oil and gas field in the Gulf of Thailand that is claimed by both nations. The area is believed to contain significant resources, including 10 trillion cubic feet of natural gas. The planning involves former contractors who were awarded exploration contracts by Thailand in 1968.
Thailand's Energy and Foreign Affairs ministries are engaging former contractors for joint talks with Cambodia on resource exploration in the Gulf of Thailand's overlapping claims area (OCA).
The OCA, an area of 27,000 square kilometers, is claimed by both nations and is believed to contain about 10 trillion cubic feet of natural gas and 300 million barrels of crude oil.
The discussions aim to explore joint development plans and are based on a 2001 MOU that combines territorial claims discussion with joint resource exploration.
Former concession holders from 1968, such as Idemitsu Oil, Chevron E&P, Mitsui Oil Exploration, BG Asia, Chevron Overseas Petroleum, Petroleum Resources, and PTTEP International, are being considered to contribute to the planning in fields previously awarded to them.
The OCA, an area of 27,000 square kilometers, is claimed by both nations and is believed to contain about 10 trillion cubic feet of natural gas and 300 million barrels of crude oil.
The discussions aim to explore joint development plans and are based on a 2001 MOU that combines territorial claims discussion with joint resource exploration.
Former concession holders from 1968, such as Idemitsu Oil, Chevron E&P, Mitsui Oil Exploration, BG Asia, Chevron Overseas Petroleum, Petroleum Resources, and PTTEP International, are being considered to contribute to the planning in fields previously awarded to them.
