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Petroleum Act Section 25 — Exploration period and its extension
Petroleum Act (พระราชบัญญัติปิโตรเลียม) — Section 25.
Plain-English Summary
Under Section 25 the exploration period under a concession is no more than six years from the date the concession is granted. A concessionaire wanting an extension must apply, together with proposed money and/or work commitments for the third commitment period, at least six months before the exploration period ends. An extension can be granted only if the concessionaire has complied with the concession in every respect and has agreed the third-period commitments at least fifteen days before the end of the second commitment period. An extension can be made only once and for no more than three years.
Official Text
Official Thai text at the Royal Gazette / Office of the Council of State. Translation summary only.
Consult official sourceParent Statute
Petroleum Act
พระราชบัญญัติปิโตรเลียม · B.E. 2514 (1971)
The Petroleum Act B.E. 2514 (1971) governs the upstream petroleum industry. It declares petroleum to belong to the State and requires anyone exploring or producing it to hold a concession, a production-sharing contract or a service contract (Section 23). It regulates exploration blocks and production areas, the Petroleum Committee, royalty, the special remuneratory benefit, decommissioning and penalties, and gives a role to the Department of Mineral Fuels. Petroleum income is taxed under the separate law on petroleum income tax, which the Act cross-refers to.
The summary above is a plain-English educational paraphrase of Section 25 of the Petroleum Act. It is not an authoritative translation. For the binding Thai text, consult the Royal Gazette or the Office of the Council of State. Educational use only — not a substitute for advice from a Thai-qualified lawyer.
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