YUTHANA PRAIWAN
Bangkok Post
Talks between Thailand and Cambodia on the joint development of petroleum resources are likely to resume early next year after a decade-long delay, according to Krairit Nilkuha, the director-general of the Mineral Fuels Department.
The two governments have long been at odds over exploration and development in overlapping offshore territories. A deal appeared imminent in 1997 but plans were scrapped because of the Asian economic crisis.
Mr Krairit said the timing was right to promote petroleum exploration and production in the area, given the soaring costs of imported oil and volatility in world prices.
At issue are nine exploration areas, designated as Blocks 5 to 13, in the overlapping claims area. Thai officials believe they could contain abundant gas and oil reserves since some blocks are located close to highly productive fields operated by Chevron and PTT Exploration and Production Plc.
Any agreement between Thailand and Cambodia is likely to be modelled on the Thailand-Malaysia Joint Development Area (JDA), in which each country holds 50%. Thailand is represented by PTT Plc and the Malaysian partner is the state energy company Petronas.
Amerada Hess and Petronas Carigali, the joint operators of the JDA, recently informed the Mineral Fuels Department that field A18 would be ready to start pumping natural gas in February, at a rate of 390 million cubic feet per day (mmcfd).
PTTEP has also confirmed additional supplies of 330 mmcfd from its Arthit field in the Gulf of Thailand off Songkhla, which would be available starting in February.
Mr Krairit said the new output would ensure natural gas supply to serve the high demand of the industrial and electricity sectors at a time when other sources remain uncertain.
The country wants to import more liquefied natural gas (LNG) to feed power plants by 2011 but has been unable to secure deals with potential suppliers from the Middle East.
Meanwhile, the government has attracted bids for exploration licences in 28 of the 65 blocks that have been on offer since earlier this year. Of the 28 blocks, 20 are onshore and the rest offshore.
Authorities expect around three billion baht in capital investment to be made in exploration between 2008 and 2010.
Mr Krairit said new bids could also be called for at least 40 petroleum fields that previously had been deemed not commercially viable. Improved exploration technology, combined with the prospect of high oil prices, are seen as making previously marginal fields more attractive to investors.
The two governments have long been at odds over exploration and development in overlapping offshore territories. A deal appeared imminent in 1997 but plans were scrapped because of the Asian economic crisis.
Mr Krairit said the timing was right to promote petroleum exploration and production in the area, given the soaring costs of imported oil and volatility in world prices.
At issue are nine exploration areas, designated as Blocks 5 to 13, in the overlapping claims area. Thai officials believe they could contain abundant gas and oil reserves since some blocks are located close to highly productive fields operated by Chevron and PTT Exploration and Production Plc.
Any agreement between Thailand and Cambodia is likely to be modelled on the Thailand-Malaysia Joint Development Area (JDA), in which each country holds 50%. Thailand is represented by PTT Plc and the Malaysian partner is the state energy company Petronas.
Amerada Hess and Petronas Carigali, the joint operators of the JDA, recently informed the Mineral Fuels Department that field A18 would be ready to start pumping natural gas in February, at a rate of 390 million cubic feet per day (mmcfd).
PTTEP has also confirmed additional supplies of 330 mmcfd from its Arthit field in the Gulf of Thailand off Songkhla, which would be available starting in February.
Mr Krairit said the new output would ensure natural gas supply to serve the high demand of the industrial and electricity sectors at a time when other sources remain uncertain.
The country wants to import more liquefied natural gas (LNG) to feed power plants by 2011 but has been unable to secure deals with potential suppliers from the Middle East.
Meanwhile, the government has attracted bids for exploration licences in 28 of the 65 blocks that have been on offer since earlier this year. Of the 28 blocks, 20 are onshore and the rest offshore.
Authorities expect around three billion baht in capital investment to be made in exploration between 2008 and 2010.
Mr Krairit said new bids could also be called for at least 40 petroleum fields that previously had been deemed not commercially viable. Improved exploration technology, combined with the prospect of high oil prices, are seen as making previously marginal fields more attractive to investors.
20 comments:
Good, and I hope we can find a fair settlement quickly and morally by sticking to the truth and not allowed a few dollars to stand between us and jeopardize our eternal friendships.
May God grant us our wish.
Fuck you Thais,Those assholes are always expecting something from Cambodia. They want Cambodia to share the off shore gas with them. What the fucking thais?
They have been stealing lots of thing from Cambodia territory and sea port and also scultures. The off shore gas is in Cambodian sea and those areas are belong to Cambodia,just want to tell them to hang their own throat. Go fuck your own king and queen.
Yeah, but you are talking ancient history. Today, Thai has one of the most respectable education system in Asia. Thus, I don't anticipated them to take advantage at us. I know you have seen and heard from some of the Thai racist and extremist, but really, their government is not like that at all.
yes fuck you too ah khmen, when khmer rouge chased you out of your damned country ,you seek refuse in our land , now you said all kind of shit to us .Is this you pay us back for our kind heart your ungrateful asshole?.
Oh, don't listen to 8:24, bro. We are not like him. We love Thai people for gave us refuge and for being one of the biggest donor and investors to help us recovered from rubble.
Thais and Viets are bunch of thieves that take Khmer land and claim that it's their shit but we all know it's Khmer land. We were the first to be here and will always be here.
No, we were not the first to be here. The oldest human artifacts that is found by scientists in this area belong to the Chinese-Thai, Chinese-Lao, and Chinese-Viet.
Don't fucking dream that Fucking Thai. Go fucking your fucking king and fucking queen.
Khmer owns her owned property. Not fucking you.
To 8:59AM!
Fuck you Thaicong! Do you think that Thailane has any choice in stopping the Vietcong from invading Thailane or refused the request from Super Power such as Uncle SAM or China? Ahahhahahhah!
The fucken Thaicong government should thank the ASEAN, Uncle SAM and China for supporting the Khmer Rouge to fight the Vietcong invasion and with help of United Nations came the million and million of dollars inform of food and supplies which help create United Nations Refugee Camp along Thai-Cambodian border not only for Cambodian refugee but also for the Vietnamese refugee, Laos refugee, and the Hmong refugee as well and the Thaicong-Cambodian border became a buffer zone against the Vietcong from invading Thailane! For 10 long years, the Khmer Rouge and Cambodian resistance fighter spilled their blood in protecting the United Nation refugee Camps along the border! So tell me what have the Thaicong government has done? A lot of Thaicong army is preying on Cambodian women and children for sexual pleasure and they even kill them for pleasure too!
By the way the Thaicong government wouldn't have the mean or the financial to support hundred and thousand and thousand of refugee from Cambodia, Vietname, and Loas and Hmong! It is a fact that the Thaicong government had benefited economically in many ways from United Nations refugee camp along Thai-Cambodian border during the 1980 because United Nations pour a lot of money into Thailane to keep the war going until the Soviet Union collapsed and the withdrawal of the Vietcong troop from Cambodia!
The fucken Thaicong can kiss my arse!
The only way to negotiate with the Siam is not to negotiate!
11:30, stop blaming our neighbors for border dispute, will ya. The source of the problem is the useless and corrupted UN failed to set clear cut rules that people could adopt. Have we all agreed to such rule, there will not be any dispute about borders. Thus, we have to compromise with and settle this dispute peacefully and morally among ourselves.
12:33, You have to understand the Thai border guard position. first, the jobs does not required PhD. Some of those guards have poor common sense for their duty. Their jobs are to stop spy, and vietcong, and drug dealers from reaching the Thai's soil. Thus, you have to expect some tragic now and then. Look, even the US has shot Mexican cold blooded now and then mistakenly. There is no pristine border. The best policy is to not hang around any border. Go all the way in or out as quickly as you can for your own safety.
To 12:45PM!
Whatever! The Thaicong government was aware of the United Nations rules and regulations and the Thaicong army have no right to kill and rape Cambodian women and children in cold blood and these shits happen under the United Nations supervision!
Fuck the Thaicong government and they can kiss my arse!
Not really, 12:55, I swear it: the damn useless and corrupted UN don't have anything that anyone could agreed to it. Border disputes is not just among us, Thai, Laos, and Vietnam, but also virtually all countries that have neighbors.
And you are right about those wild dogs army, but you know fair well that the Thai army is not unique. just forget about it, dude, it was just a temporary bad situation, and it make to sense to let it spoil our eternal friendship with all of our neighbors.
Never Never split your heritage wealth to your neighbor. They got nothing and they do not deserve it.
You who posted at 11.30 a.m. should not say like that to the king and the queen. The way you said in it showed what type of person and what level of education you are.
And what heritage wealth are you talking about, 1:17? Would you mind be specific?
To 12:33Pm. from 8:59
It is not Thailane, it's Thailand, don't you motherfucker know anything ?
To 3:18PM!
Fuck you mother fucker! I can call your SOB anything I want! I can call you Thaicong and Thailane or whatever! If you don't like the way I say thing and you can my arse! Fucken cry baby! Ahahhahhah!
you both worng. the right one is "Thailame"
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