PTTEP interested in BG’s Thailand assets
Thailand’s state-backed PTT Exploration & Production has reportedly expressed an interest in UK BG’s Thai assets.
Thailand’s state-backed PTT Exploration & Production (PTTEP) has reportedly expressed an interest in UK BG’s Thai assets. BG holds a 22.2% stake in the producing offshore Bongkot field, on the market for around $1.2bn. Thai banking sources say that no foreign company is going to try to outbid PTTEP at home, while the lack of clarity on licence extension makes a foreign bid unlikely too. BG also holds three exploration permits in the highly prospective, but disputed waters of the 27,000 km² Thailand-Cambodia overlapping claims area (OCA). The Thai side of the OCA, where BG’s blocks sit, is considered more prospective than the Cambodian side. But BG declined to comment if those blocks were
Also in this section
19 January 2026
Newfound optimism is emerging that a dormant exploration frontier could become a strategic energy play and—whisper it quietly—Europe’s next offshore opportunity
16 January 2026
The country’s global energy importance and domestic political fate are interlocked, highlighting its outsized oil and gas powers, and the heightened fallout risk
16 January 2026
The global maritime oil transport sector enters 2026 facing a rare convergence of crude oversupply, record newbuild deliveries and the potential easing of several geopolitical disruptions that have shaped trade flows since 2022
15 January 2026
Rebuilding industry, energy dominance and lower energy costs are key goals that remain at odds in 2026
