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 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. |
| 04 Nov 24 |
Thailand: Shelf Drilling announces two contract extensions in Thailand Shelf Drilling has secured contract extensions for the Shelf Drilling Chaophraya and Shelf Drilling Krathong jack-up rigs with Chevron Thailand Exploration and Production for operations offshore Thailand. Both extensions are for a firm period of two-years. The combined contract value for the incremental firm term is approx. USD 197 million. |
| 27 Aug 24 |
Thailand: Valeura Energy announces ramp-up of oil production at its Nong Yao C development offshore Gulf of Thailand Valeura Energy has announced the successful ramp-up of oil production at its Nong Yao C development, in Licence G11/48 , offshore Gulf of Thailand. The greater Nong Yao complex is now operating at its full processing capacity. |
| 15 Aug 24 |
Thailand: Valeura Energy announces Nong Yao C first oil Valeura Energy has announced first oil production from its Nong Yao C development, in Licence G11/48 (90% operated working interest), offshore Gulf of Thailand. |
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
