By an OGJ correspondent
BANGKOK, Oct 16 -- Thailand's PTT Exploration & Production PLC (PTTEP) has won the bid for Block 2, a 2,228-sq-km tract off northern Bahrain that is said to have to have oil potential.
The formal awarding will take place following negotiation and formulation of an exploration and production-sharing agreement with Bahrain's National Oil and Gas Authority, PTTEP said.
PTTEP will serve as operator with a 100% participation interest.
Separately, Occidental Petroleum Corp. won the bid for two other blocks off Bahrain, while Russia's state-owned Zarubezhneft, a third contender, was unsuccessful for the fourth offshore block, which was offered for right holdings.
