Zhang Juyao, general manager of China Yanchang Petroleum Corporation, said at the opening ceremony that Thailand has abundant natural gas resources. Since 2007, after more than three years of hard work, the extension of the oil group has succeeded in bidding for the L31/50 block in Thailand. Exploration work is currently underway. Zhang Jiyao said that participating in oil and gas exploration in Thailand is a solid step forward for the group to explore the international market.
Zhang Jiyao said that in addition to its abundant natural gas resources, Thailand also has abundant natural rubber resources, and its annual output of natural rubber accounts for one-third of the world's total production. The 20 million radial tire production lines being constructed by Yanchang Petroleum Group Rubber Co., Ltd. is the largest production line of automobile tires for single plants in China. It requires a large amount of natural rubber supply, and the joint venture between Yanchang Petroleum Group Rubber Company and Thailand Jingtai Company to establish extended rubber ( Thailand) Co., Ltd., its main business is engaged in the acquisition and processing of natural rubber and international trade.
Commercial Counsellor Gao Wenkuan of the Chinese Embassy in Thailand stated at the ceremony that the completion of the China-ASEAN Free Trade Area has enabled the economic and trade cooperation between China and ASEAN countries to be further strengthened, trade and investment have grown rapidly, and the extension of oil groups with Thailand in natural gas and natural rubber Cooperation in this area has verified this.
Song Po, director of the Ministry of Energy’s Department of Mineral Fuels, said that Thailand and China are friendly neighbors. The economic and trade cooperation between the two countries enjoys a good momentum. He congratulated the extension of the oil group's acquisition of natural gas exploration projects in Thailand and hopes to extend the cooperation of the oil group in Thailand. Good results.
According to the briefing, Thailand's L31/50 natural gas and oil block awarded by Yanchang Petroleum Group has completed an area of ​​744.24 square kilometers and completed 71.13% of the total work volume; a total of 4375 wells have been drilled, and the total work volume has exceeded 30%. Work on collections is being carried out in an orderly manner.
Chen Dehai, the political affair of the Chinese Embassy in Thailand, and Commercial Counselor Gao Wenkuan and related officials from the Thai Ministry of Energy participated in the unveiling ceremony that evening.
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