Chevron Corp. and PTT Exploration & Production submitted the only bids for the expiring licenses of Bongkot and Erawan natural gas and condensate fields in the Gulf of Thailand, according to press reports.
Chevron, the current operator through subsidiary Chevron Thailand Holding, bid with Mitsui Oil Exploration for the Erawan license. PTTEP and Mubadala Petroleum of Abu Dhabi submitted a competing bid.
PTTEP bid alone for the Bongkot license, which it operates, against a bid from Chevron and Mitsui. Total, currently a 33.3% Bongkot partner with PTTEP, did not participate.
The current Bongkot license will expire 2023. The Erawan license will expire in 2022.
Winning bids are to be announced as soon as November and approved by the Thai cabinet by December.
