Article: Firms bid for prospects in Andaman Sea.

Byline: Yuthana Praiwan

Mar. 16--Prospecting for hydrocarbon in the Andaman Sea remains a promising investment, given the rising prices of oil and the advancement of technology for petroleum exploration.

Krairit Nilkuha, director-general of the Mineral Fuels Department, said Malaysian company Mitra Corp had submitted its application for concession rights in petroleum exploration and production in the A5/48 Block, covering 25,270 square kilometres, and the A6/48 Block, covering 23,270 sq km, located offshore in the Andaman Sea.

The firm's qualifications and credentials are under evaluation before the application is submitted to the Cabinet for ...

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