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Published on December 20, 2007

Subsidiary PTTEP Thai Projects holds stakes in three concessions for blocks G6, G7 and G50 with partners Chevron Petroleum (Thailand), Mitsui Oil Exploration and Moeco.

They won the contracts from the 20th round of petroleum-concession bidding. Among newcomers are Salamander Energy and Twinza Oil. More contracts for 19 blocks will be signed soon, and 32 more blocks will be open for bidding next May.

So far this year, the government has earned Bt106.5 billion from the exploration and production industry.

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Revenue target

The Built to Build Group has announced a revised revenue projection for this year, bringing its annual target down from Bt550 million to Bt490 million.

However, the group's consolidated revenue is still expected to achieve 13-per-cent growth from last year's Bt430 million.

Of this year's expected revenue, about Bt270 million will come from Built to Build and the rest from subsidiary Bangkok House Builder.

Group managing director Sutee Ketsiri said the lower total revenue was due to internal economic and political instability, which had adversely affected consumer confidence.

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Yao Noi push

Thai Airways International's Royal Orchid Holidays, American Express and Six Senses Hideaway have launched a "Yao Noi Escapes: Back to Nature" promotion.

The campaign will promote Koh Yao Noi, near Phuket, as a must-visit destination for tourists.

- The Nation