The government of Thailand encourages domestic and foreign investments. The economy, after achieving record levels, struggled during 1993 and 1994. With the transformation from mainly agricultural-based economy to a more agro-industrial, internal consumption of oil reached 600,000 BOPD in 1992, but decreased to 470,000 BOPD in 1994. Domestic production stands at 51,400 BOPD (1994).
The most prospective areas in Thailand are Tertiary rift basins in the Gulf of Thailand (Pattani Trough), and the lightly explored Andaman Sea (Mergui Basin) west of Thailand. Onshore basins have yielded some discoveries (Sirikit, Nam Phong), but are considered less prospective.
Following the 13th licensing round of 1991, several companies undertook seismic programs in preparation for the 1994-1995 drilling season. Early results have been very encouraging. Of particular note is Maersk Oil’s Tantawan wildcat in the Pattani Trough which tested 8,600 BOPD, in what was previously considered to be a gas and condensate province.
The bulk of the offshore fields are serviced by a pipeline and there are three refineries with a capacity of 360,000 BOPD.
Even though Thailand has promoted itself as a base for industry, trained engineers and technicians remain scarce. However, there is a commitment on the part of the government to resolve whatever shortfalls they incur in order to maintain the position Thailand has achieved in Southeast Asia.For more information contact:
Petrel Robertson Consulting Ltd.
500, 736- 8th Avenue S.W.
Phone: (403) 218-1618
Fax: (403) 262-9135
This summary, part of Petrel Robertson’s 1995 summary of exploration and development opportunities in 31 countries around the world, has not been updated. Some of the information, particularly relating to political and economic issues, is thus out of date. It is included, however, to demonstrate the breadth and depth of Petrel’s work in each of these nations.