Central & SE Asia / Australasia
Country profile: Thailand
|Climate:||tropical; rainy, warm, cloudy southwest monsoon (mid-May to September); dry, cool northeast monsoon (November to mid-March); southern isthmus always hot and humid|
|Terrain:||central plain; Khorat Plateau in the east; mountains elsewhere|
|Size:||514000 sq. km total (Land area: 511770 sq. km Water area: 2230 sq.km)|
|Languages:||Thai, English (secondary language of the elite), ethnic and regional dialects|
|Legal system:||based on civil law system, with influences of common law; has not accepted compulsory ICJ jurisdiction|
Thailand has limited domestic oil production and reserves, and imports make up a significant portion of the country’s oil consumption. Thailand holds large proven reserves of natural gas, and natural gas production has increased substantially over the last few years. However, the country still remains dependent on imports of natural gas to meet growing domestic demand for the fuel. In September 2006, a military coup overthrew the government of Prime Minister Thaksin Shinawatra. The change in leadership did not have any immediate impact on oil or natural gas production.
During 2006, Thailand’s real gross domestic product (GDP) grew by an estimated 5.0 percent, right on trend with average 5-year growth levels.
Energy production and consumption
|Production:||310,900 bbl/day (2005 est.)||22 billion cu m (2005 est.)|
|Consumption:||929,000 bbl/day (2005 est.)||31 billion cu m (2005 est.)|
|Exports:||225,700 bbl/day (2005 est.)|
|Imports:||893,400 bbl/day (2005 est.)||8 billion cu m (2005 est.)|
|Reserves:||291 million bbl (1 January 2006 est.)||400 billion cu m (2005 est.)|
Thailand - recent news
|09 Dec 20
||Thailand: Tap Oil provides details of G1/48 Concession JV restructuring
Tap Oil has provided an update on the JV over the G1/48 Concession in the Gulf of Thailand, which includes the Manora Oil Field Production Area operated by MP G1 (Thailand), a subsidiary of Mubadala Petroleum. As previously advised, Northern Gulf Petroleum has agreed to transfer its 10% interest in the G1/48 Manora block to the operator MP G1 (Thailand).
|14 Jul 20
||Thailand: Mubadala's 2020 development drilling and workover program increases production capacity at the Manora oil field
JV partner Tap Oil reports that gross production capacity at the Mubadala-operated Manora oil field has been increased by approx. 4,500 bopd with successful completion of the 2020 development drilling and workover program.
|15 Jun 20
||Thailand: Mubadala and Tap to drill additional Manora 2020 development well
Operator Mubadala Petroleum and JV partner Tap Oil have approved the drilling of an additional development well, expanding the current Manora 2020 development drilling program to four new development wells.
|03 Jun 20
||Thailand: KrisEnergy suspends Wassana oil field due to oil price
KrisEnergy reports that, in view of the many uncertainties ahead - the duration of the COVID-19 pandemic, speed of global economic regeneration and recovery in petroleum demand, and the magnitude and sustainability of any upturn in oil prices - production at the KrisEnergy-operated Wassana oil field has been suspended until further notice.
|14 May 20
||Thailand: Mubadala and Tap approve Manora 2020 development drilling campaign
Operator, Mubadala Petroleum, and JV partner Tap Oil have approved the drilling of three development wells in the Manora 2020 development drilling campaign, offshore Thailand.
Thailand - more news
Other countries in this region
- Hong Kong,
- New Zealand,
- North Korea,
- Papua New Guinea,
- South Korea,
- Sri Lanka,
- Timor Leste,