Central & SE Asia / Australasia
Country profile: Thailand
| Location: | 514,000 |
| 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) |
| Population: | 65,493,298 |
| Languages: | Thai, English (secondary language of the elite), ethnic and regional dialects |
| Government: | constitutional monarchy |
| Capital city: | Bangkok |
| Legal system: | based on civil law system, with influences of common law; has not accepted compulsory ICJ jurisdiction |
| Currency: | baht (THB) |
| Licensing: |
Country profile
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
| Oil | Gas | |
| 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.) |
| Major fields: |
Thailand - recent news
| 03 Mar 25 |
Thailand: Valeura Energy announces successful completion of an infill drilling campaign at the Manora field Valeura Energy has announced the successful completion of an infill drilling campaign at the Manora field in Licence G1/48, offshore Gulf of Thailand. Valeura drilled a five well programme, comprised of three production-oriented infill development wells and two appraisal wells. |
| 08 Jan 25 |
Valeura Energy provides Q4 2024 operations and financial update and 2025 guidance Valeura Energy, a Canadian public company engaged in the exploration, development and production of petroleum and natural gas in Thailand and in Türkiye, has provided an operational and financial update for Q4 2024 and its guidance outlook for 2025. |
| 01 Jan 25 |
Thailand: ADES receives LOA for a jackup rig contract in Thailand ADES Holding Company, a world leading international oil and gas drilling services provider, has received a Letter of Award (LOA) from PTTEP Energy Development Company (PTTEP) for an offshore jack-up drilling contract in the Gulf of Thailand with an estimated backlog of SAR 1.035 billion. |
| 27 Nov 24 |
Thailand: Valeura Energy provides Jasmine development drilling update Valeura Energy has announced the successful completion of an infill drilling campaign at the Jasmine field in Licence B5/27 (100% operated working interest), offshore Gulf of Thailand. |
| 05 Nov 24 |
Thailand: Valeura Energy completes internal restructuring of its Thailand subsidiary companies Valeura Energy has announced the completion of an internal restructuring of its Thailand subsidiary companies. Valeura’s working interests in all its Thai III fiscal contracts, covering the Nong Yao, Manora and Wassana fields, are now held by Valeura Energy (Thailand) Ltd, a wholly owned subsidiary of Valeura, which previously had only held an interest in the Wassana asset. |
Thailand - more news
Other countries in this region
- Australia,
- Bangladesh,
- Brunei,
- Cambodia,
- China,
- Fiji,
- Hong Kong,
- India,
- Indonesia,
- Japan,
- Laos,
- Malaysia,
- Maldives,
- Mongolia,
- Myanmar,
- Nepal,
- New Zealand,
- North Korea,
- Pakistan,
- Palau,
- Papua New Guinea,
- Philippines,
- Singapore,
- South Korea,
- Sri Lanka,
- Taiwan,
- Timor Leste,
- Vietnam
