Thailand is set to reinitiate discussions with Cambodia over a lucrative offshore oil and gas field, reported Bloomberg. Potentially worth $300bn (Bt10tn), the field has been at the centre of a long-standing territorial dispute between the two nations ...

Thai Prime Minister, Paetongtarn Shinawatra, who assumed office in September, has prioritised joint exploration of the Overlapping Claims Area (OCA) as one of her administration's top 10 goals, aiming to address the kingdom's declining energy reserves and rising electricity costs, according to the Business Times.

Thailand and Cambodia to restart talks on a US$300 billion offshore oil field, aiming to boost energy reserves.

(Bloomberg) -- Thailand’s new government will restart negotiations with Cambodia to explore an offshore oil and gas field with at least $300 billion worth of reserves that the two countries have been squabbling over since the 1970s. Most Read from ...

Prime Minister Paetongtarn Shinawatra said the joint exploration would be prioritised to boost energy security and cut utility costs.