On 16 June 2021, the Ministry of Energy (“MOE”) announced a new bidding round for petroleum concessions (the “23rd Bid Round”). This is the first round of competitive bids initiated by the MOE since 2018, when two brownfield petroleum blocks in the Gulf of Thailand were awarded.

The 23rd Bid Round consists of a single onshore area, identified as Block L1/64. The block straddles the border of the provinces of Sukhothai and Kamphaeng Phet and is a total of 78.90 square kilometers. The block is divided into two areas: Area A, which is a greenfield section on the north side of the block consisting of 67.66 square kilometers, and Area B, which is a brownfield development on the southern tip of the block totaling 11.24 square kilometers.