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
| 27 May 25 |
Thailand: Valeura Energy announces Block B5/27 drilling results Valeura Energy has announced the completion of an eight-well drilling campaign at Licence B5/27 (100% operated working interest), offshore Gulf of Thailand. As a result of the campaign, the Company has maintained oil production rates approximately consistent with its Q1 performance, thereby offsetting the impact of natural declines. |
| 16 Apr 25 |
Thailand: Jadestone Energy divests its interest in the producing Sinphuhorm gas field onshore Thailand Jadestone Energy has divested its 9.52% interest in the producing Sinphuhorm gas field onshore Thailand to PTTEP HK Holding Limited, a subsidiary of PTTEP, Thailand’s national oil and gas company, for a cash consideration of US$39.4 million, with a further US$3.5 million in cash payable contingent on future licence extensions. |
| 09 Apr 25 |
Valeura Energy provides Q1 2025 operations and financial update Valeura Energy has provided an update on Q1 2025 operations. The Company reports average oil production of 23.9 mbbls/d, with a continuous programme of development and appraisal drilling throughout the quarter. |
| 08 Apr 25 |
Thailand: SOFEC awarded CALM Buoy and PLEM System in Thailand SOFEC has been awarded an EPC project for the supply of a replacement CALM Buoy and PLEM system in Thailand for an undisclosed client. |
| 26 Mar 25 |
Valeura Energy reports another year of record results in 2024 Valeura Energy has reported its financial and operating results for the three month period and year ended December 31, 2024. Valeura reports the first full year of operations in Thailand were a success across all areas of business and a trophy for value creation. Valeura has attained record production, record cash flow, and replaced nearly 2.5x the reserves produced, all while continuing to strengthen its financial position. |
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
