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
| 02 Jun 23 |
Thailand: Petrofac secures late life asset management renewal in Gulf of Thailand Petrofac has been awarded a five-year extension for the provision of operations and maintenance (O&M) services on the FPF-003 floating production, storage and offloading (FPSO) vessel, located in the Jasmine field in the Gulf of Thailand, from Busrakham Jasmine, which is an affiliate of Valeura Energy. |
| 01 Jun 23 |
Thailand: Valeura Energy announces extension of Jasmine oil field FPSO and operating contract Valeura Energy has announced an extension to two key contracts relating to the Jasmine oil field in Thailand. Valeura’s charter of the field’s floating production storage and offloading vessel ('FPSO'), and a contract for provision of operating and maintenance services for the vessel, have been extended by five years until the end of 2028. |
| 17 May 23 |
Thailand: Valeura Energy announces 90 million barrel milestone from the Jasmine oil field in the Gulf of Thailand Valeura Energy has announced a production milestone from its Jasmine oil field in the Gulf of Thailand. As of May 15, 2023, the Jasmine oil field produced its 90 millionth barrel of oil, greatly exceeding the expectations set for the field at its original development sanction in 2004 of approx. seven million barrels. |
| 02 May 23 |
Thailand: Valeura Energy announces Wassana production re-start and change to working interests Valeura Energy has announced the re-start of oil production from the Wassana field and changes to its working interest in Licences G6/48 and G10/48, offshore Gulf of Thailand. Valeura has acquired partner Palang Sophon's 11% working interest and will proceed on a 100% working interest basis. |
| 11 Apr 23 |
Thailand: Chevron awards InterMoor extension of decommissioning scope in Thailand InterMoor, a brand in Acteon’s Engineering, Moorings and Foundations Division, has been awarded a decommissioning contract by Chevron Thailand Exploration and Production (CTEP). |
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
