THAILAND EXPLORATION, PRODUCTION SEEN ACCELERATING IN 1990S

Exploration in Thailand is expected to revive the next 6 years as a result of recent licensing round awards. That's the conclusion of a report by County Natwest Woodmac. The analyst noted exploration activity in Thailand fell sharply in 1991, with only two wells completed. During the next 6 years County Natwest expects 55 exploratory wells to be drilled in Thailand, with 16 in the peak year 1994. This new burst of drilling will concentrate mainly on the Gulf of Thailand and the relatively

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