Central & SE Asia / Australasia

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Summary | Profile

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)

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

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