October 08, 2008

Adani Welspun wins second oil and gas block in Thailand

It is reported that Adani Welspun Exploration, a JV between Adani Group and Welspun Group, has won a second oil and gas block in Thailand.

Mr B Mathur CEO of Adani Welspun said that Thailand’s energy ministry on January 21st 2008 awarded concession rights for 13 onshore and offshore oil and gas blocks, with Adani Welspun Exploration winning onland Block L22/50. He added that “We are in midst of planning and executing seismic and drilling activities in these blocks as well as actively pursuing new business opportunities in India and globally.”

Block L22/50 measures 3,957 square kilometer in area and lies in western Thailand. AWEL had previously won 3,975 square kilometers Block L39/48 in the north eastern part of Thailand, near the southern rim of Khorat Plateau and towards the edge of Greater Khorat Basin. The block is situated 350 kilometers from Bangkok and 100 kilometers from Khon Kean city.

The 13 blocks awarded this week are part of the 56 onshore blocks and 9 offshore blocks in the Gulf of Thailand, spanning 235,606 square kilometers, which are being offered in the 20th petroleum concession bidding round of Thailand.