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PTTEP studying Oman and Libya.

Bangkok Post (Bangkok, Thailand)

| October 03, 2005 | COPYRIGHT 2005 Bangkok Post. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)Copyright

Byline: Yuthana Praiwan

Oct. 3--PTT Exploration and Production Plc will bid for petroleum exploration and production concessions in Oman and Libya, according to president Maroot Mrigadat.

Driven by skyrocketing oil prices in the global market and the potential for them to climb further, several oil-rich nations are preparing to open new rounds of bidding for petroleum concessions to multinational oil exploration and production companies.

Mr Maroot said both Libya and Oman would begin new rounds of bidding soon with each country expected to offer five or six petroleum licences. Most of the concessions on offer will likely be from crude oil ...

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