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Cabinet approves 3 petroleum exploration blocks in 25th round

Cabinet approves 3 petroleum exploration blocks in 25th round

Khaosod•Economy•18m ago

Reader Briefing

The Cabinet approved concessionaires for three onshore petroleum exploration blocks in the 25th round.

  • •The Cabinet approved concessionaires for onshore exploration blocks L1/66, L3/66, and L8/66 on September 15, 2026.
  • •PTTEP and the partnership of Pan Orient Energy (Siam) Limited and CanAsia Energy Corp. are the approved operators.
  • •The exploration areas cover the Northeastern and Central regions of Thailand.

Overview

  • •On September 15, 2026, the Cabinet resolved to approve concessionaires for onshore exploration blocks.
  • •Pan Orient Energy (Siam) Limited and CanAsia Energy Corp. were granted the concession for onshore exploration block L8/66.
  • •The Department of Mineral Fuels opened applications for onshore exploration (25th round) under the concession system in late 2024.
  • •Eight applications from five companies were submitted for four exploration blocks.
  • •Discovery and commercial development of blocks L1/66 and L3/66 would support power production at Nam Phong Power Plant in the Northeast.
  • •Exploration activities are expected to stimulate the local economy and employment.
  • •Exploration block L6/66 is currently in the process of being proposed to the Cabinet for consideration of the winning bidder.
  • •The Department of Mineral Fuels will organize a concession signing ceremony between the Ministry of Energy and the winning companies.

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Key Quotes

Warakorn Pornhomobol
"If petroleum is discovered and can be developed into a production source, it will create benefits for the state in the form of royalties and petroleum income tax."
ถ้าสำรวจพบปิโตรเลียมและสามารถพัฒนาเป็นแหล่งผลิตปิโตรเลียมได้จะสร้างผลประโยชน์ให้รัฐในรูปค่าภาคหลวง ภาษีเงินได้ปิโตรเลียมที่จัดเก็บเข้าส่วนกลางและจัดสรรให้ท้องถิ่น

Key Entities

Person

Warakorn Pornhomobol(วรากร พรหโมบล)
Director General of the Department of Mineral Fuels.

Organization

Cabinet(คณะรัฐมนตรี)
The body that approved the concessionaires for the petroleum exploration blocks.
PTTEP(ปตท.สผ.)ℹ️
An approved concessionaire for onshore petroleum exploration.
Pan Orient Energy (Siam) Limited(แพน โอเรียนท์ เอ็นเนอยี่ (สยาม) ลิมิเต็ด)
A company joint-venturing with CanAsia Energy Corp. as a concessionaire for block L8/66.
CanAsia Energy Corp.
A company joint-venturing with Pan Orient Energy (Siam) Limited as a concessionaire for block L8/66.
Department of Mineral Fuels(กรมเชื้อเพลิงธรรมชาติ)
The government agency that considered applications and will organize the concession signing ceremony.
Ministry of Energy(กระทรวงพลังงาน)ℹ️
The ministry that will sign the concessions with the winning companies.
Nam Phong Power Plant(โรงไฟฟ้าน้ำพอง)
A main power plant in the Northeast that would be supported by production from blocks L1/66 and L3/66.

Place

Northeast(ภาคตะวันออกเฉียงเหนือ)ℹ️
One of the regions where the onshore exploration blocks are located.
Central region(ภาคกลาง)
One of the regions where the onshore exploration blocks are located.