According to the Petroleum Acts of 1971, the government owns all the economy’s oil and gas
resources and it can award concessions and other rights for exploration and production to qualified
bidders that seek to invest in oil and gas exploration. If commercial quantities of natural gas are
discovered, the concessionaire will negotiate a long-term or life-of-field contract to sell the gas to
the Petroleum Authority of Thailand. Three Petroleum Acts, as shown in Table 25 have been
enforced.