Country report
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56 Pages

Thailand upstream summary


Thailand upstream summary

Report summary

Thailand's upstream oil and gas production is predominately sourced from two offshore areas in the Gulf of Thailand: the Pattani Basin and the Malay Basin. The fractured nature of the offshore geology means no one field or area dominates reserves or output - instead the majority of production is provided by thousands of separate (but relatively homogenous) reservoirs spread across the two basins. Remaining hydrocarbon reserves are dominated by gas, which constitutes ...

What's included?

This report includes 2 file(s)

  • Country Overview PDF - 1.53 MB 56 Pages, 33 Tables, 21 Figures
  • Country Overview XLS - 1.34 MB

Description

Volatility in oil markets has led players in the upstream oil and gas industry to focus on reducing capital spend and operating costs. At the same time, governments need to review fiscal terms to maintain attractiveness and investment.

This country report gives an overview of the key upstream issues for this country. If you’re interested in identifying and assessing upstream investment and expansion opportunities, this upstream summary is your definitive commercial guide.

Potential investors, governments and companies in the oil and gas sector can use it to gain a better understanding of the critical issues for development opportunities in this country.

Wood Mackenzie's 500 dedicated analysts are located in the markets they cover. They produce forward-looking analysis at both country and asset level across the globe, backed by our robust proprietary database of trusted research. Proprietary data means a superior level of analysis that is simply not available anywhere else. Wood Mackenzie is the recognised gold standard in commercial data and analysis.

  • Executive summary
    • Key Issues
  • Key facts
  • Location maps
  • Key companies
  • Geology
    • Introduction
    • Onshore
      • Cenozoic basins
      • Khorat basin
    • Offshore
      • Gulf of Thailand
      • Andaman Sea
    • Geology Basin Name
  • Exploration
    • Licensing
      • 14th and 15th Licensing Rounds
      • 16th Licensing Round
      • Arthit Acreage Award
      • 17th Licensing Round
      • 18th Licensing Round
      • 19th Licensing Round
      • 20th Licensing Round
      • 21st Licensing Round
      • Thailand-Cambodia Overlapping Claims Area
    • Drilling
      • Drilling activity
    • 2000-2009
    • Recent drilling
      • Success rates
  • Reserves and resources
  • Production
    • Liquids
    • Gas
  • Infrastructure
    • Oil infrastructure
    • Offshore
    • Onshore
    • Refineries
    • Gas infrastructure
    • Gulf of Thailand
      • First Trunkline
      • Second Trunkline
      • Third Trunkline
      • Erawan to Khanom
      • Malaysia-Thailand JDA
    • Gas Pipeline Masterplan III
      • Phase One
    • Onshore Distribution
      • Gas Separation Plants
      • Pipelines in the Bangkok Area
      • LNG
      • Onshore Fields
  • Costs
    • Capital costs
      • Capital expenditure by location
    • Operating costs
      • Operating expenditure by location
  • Policy and regulation
    • Key legislation
    • Regulatory body
    • State oil company
    • Licensing
      • Thai I Terms
      • Thai III Terms (post-14th round)
      • Thai III plus Terms (post-20th round)
  • Fiscal terms
    • Current fiscal terms
    • Overview
    • Upstream
    • Mid/Downstream
    • Current Fiscal Terms
    • Concessions
    • State Equity Participation
      • Participation Rate
      • Carry and Reimbursement
    • Ring Fencing
    • Bonuses, Rentals and Fees
      • Signature Bonuses
      • Production Bonuses
      • Area Rentals
      • Training Fees
      • Other Bonuses and Fees
      • Tax deductible
    • Indirect Taxes
      • VAT / Sales Tax
      • Import Duties
      • Social and community development levies
    • Royalty and Other Production Taxes
      • Royalty
      • Export Duty
      • Environmental / CO2 Taxes
      • Other Production Taxes
      • Domestic Market Obligation (DMO)
    • Product Pricing
      • Liquids Pricing
      • Gas Pricing
    • Corporate (or Petroleum) Income Tax
      • Tax Rate
      • Taxable Income
      • Investment Uplift/Credit
      • Loss Carry Forward
    • Additional Profits Taxes
      • Special Remuneratory Benefit (SRB)
      • Example of the SRB Calculation
      • Dividend Withholding Tax
    • Sample Cash Flows
    • Marginal Government Take
    • Historical background
    • Overview
    • Pre-1980s
      • Thai I
      • Thai I (PITA III - Unocal)
    • 1980s
      • Thai II (1982)
      • Thai III
    • 1990s
    • 2000s
      • Thai III (post-20th round)
    • GEM Models

In this report there are 54 tables or charts, including:

  • Executive summary
    • Remaining Commercial Liquids and Gas Reserves at 01/01/2016 (p+p)
    • Gas Production
    • Liquids Production
  • Key facts
    • Key facts: Table 1
  • Location maps
    • Country Map
  • Key companies
    • Remaining Commercial and Technical Reserves at 01/01/2016
    • Liquids and Gas Production 2016
  • Geology
    • Map of Basins
  • Exploration
    • Blocks Awarded
    • Active Blocks by Region
    • Exploration: Table 1
    • Exploration: Table 2
    • Blocks offered in the 21st Licensing Round
    • Drilling Activity by Well Type 1986-2016 (at February 2016)
    • Exploration Drilling Activity and Commercial Success Rates
  • Reserves and resources
    • Remaining and Produced Commercial Liquids and Gas Reserves at 01/01/2016 (p+p)
    • Remaining Commercial Liquids and Gas Reserves at 01/01/2016 (p+p)
    • Reserves and resources: Table 1
  • Production
    • Production: Table 1
    • Production: Table 2
    • Liquids Production
    • Production: Table 3
    • Production: Table 4
    • Gas Production
  • Infrastructure
    • Oil Infrastructure Map
    • Infrastructure: Table 1
    • Gas Infrastructure Map
    • Gas Infrastructure Map
    • Infrastructure: Table 2
    • Thailand Gas Infrastructure Offshore Map
    • Thailand Gas Infrastructure Onshore Map
  • Costs
    • Costs: Table 1
    • Costs: Table 2
    • Costs: Table 3
    • Costs: Table 4
  • Policy and regulation
  • Fiscal terms
    • Fiscal terms: Table 1
    • Fiscal terms: Table 2
    • Fiscal terms: Table 3
    • Fiscal terms: Table 4
    • Fiscal terms: Table 5
    • Fiscal terms: Table 6
    • Fiscal terms: Table 7
    • Fiscal terms: Table 8
    • Fiscal terms: Table 9
    • Fiscal terms: Table 10
    • Fiscal terms: Table 11
    • Fiscal terms: Table 12
    • Fiscal terms: Table 13
    • Fiscal terms: Table 14
    • Fiscal terms: Table 15
    • Fiscal terms: Table 16
    • Fiscal terms: Table 17
    • Fiscal terms: Table 18
    • Fiscal terms: Table 19
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