Mineral Fuels Department Grants Exploration Licence To Pan Orient

The Department of Mineral Fuels (DMF) has awarded an on-shore petroleum exploration and production (E&P) licence, spanning three provinces northwest of Bangkok, to Pan Orient Energy (Siam) to increase domestic crude oil production by 119,000 barrels over the next seven years.

The Petroleum Committee allowed the company to carry out E&P at AA area, spanning 1.86 square kilometres in L53/48 block, in Nakhon Pathom, Suphan Buri and Kanchanaburi, said Supalak Parn-anulak, DMF’s spokesman.

He said AA is an additional area granted to Pan Orient, which has already been awarded E&P licences for six on-shore areas, with combined oil production capacity of 3,000 barrels per day (BPD). Read more…..


Chart of the Day

Icarus TV

Warren Buffett, Berkshire Hathaway chairman and CEO, discusses how the health-care industry is a drain on the American economy.

Share This Post

Leave a Reply