Don Weinland
The Phnom Penh Post
Thailand is reportedly preparing to re-enter negotiations with Cambodia on the Overlapping Claims Area after officials from the two countries talked this week at the ASEAN Energy Business Forum in Brunei.
Thai Energy Minister Pichai Naripthaphan said yesterday that he met informally with Ministry of Industry, Mines and Energy secretary of state Ith Praing at the forum and both agreed “the development of the OCA is highly likely”.
However, he noted that previous agreements to share petroleum resources with neighbouring countries took more than a decade to materialise. Therefore no deadline had been set for the OCA’s development.
“This doesn’t necessarily mean we will drill for oil, as a lot preparation and negotiation are required,” Pichai Naripthaphan said in Brunei.