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Cabinet grants exploration rights to PTTEP
PTT Exploration and Production PCL (PTTE.BK: Quote, Profile, Research) said on Wednesday the Thai cabinet has approved the awarding of offshore exploration rights for two blocks in the Gulf of Thailand.
The decision, reached at a cabinet meeting on Tuesday, gave the company rights to explore Block G9/48 and Block G12/48 off the coast of Songkhla province, PTTEP said in a statement.
The two blocks have a combined area of 874 sq km (337.5 sq miles), with the first adjacent to the Arthit field......
