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Petroleum Act Section 26 — Production period and its extension
Petroleum Act (พระราชบัญญัติปิโตรเลียม) — Section 26.
Plain-English Summary
Under Section 26 the production period under a concession is no more than twenty years, counted from the day after the exploration period ends, even if petroleum was already being produced during exploration. A concessionaire wanting an extension must apply at least six months before the production period ends. An extension can be granted only if the concessionaire has complied with the concession in every respect and has agreed the terms, commitments and conditions generally in use at the time at least fifteen days before the period ends. An extension can be made only once and for no more than ten 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 26 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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