Country Report
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 ...
Table of contents
- Executive summary
- Key facts
- Location maps
-
Key companies
- PTTEP
- Majors
- Japanese players
- NOCs
- IOCs
- Regional players
-
Geology
- Introduction
-
Onshore
- Cenozoic basins
- Khorat basin
-
Offshore
- Gulf of Thailand
- Andaman Sea
-
Exploration
- Licensing
-
Recent and future licensing activity
- New 24th Licensing round
-
Historical licensing activity
- 14th and 15th Licensing Rounds
- 16th Licensing Round
- Arthit Acreage Award
- 17th Licensing Round
- 18th Licensing Round
- 19th Licensing Round
- 20th Licensing Round
- 23rd Licensing round
- Thailand-Cambodia Overlapping Claims Area
-
Drilling
- Drilling activity
- Recent and future exploration drilling
-
Historical exploration drilling
- Pre 2009
- 2000-2009
- 2010-2013
- 2014-2021
- Success rates
- Reserves and resources
-
Production
-
Liquids
- Future liquids production
- Historical liquids production
-
Gas
- Future gas production
- Historic gas production
-
Liquids
-
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
-
Capital costs
-
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
- Overview
-
Upstream
- Mid/Downstream
- Downstream
- Current fiscal terms
- Concession
- Basis
- Government equity participation
-
Royalty
- Ring fencing
- Base
- Rate
- Payment schedule
-
Special Remuneratory Benefit
- Ring fencing
- Base
- Rate
- Payment schedule
-
Corporate income tax
- Ring fencing
- Base
- Rate
- Payment schedule
- Fiscal treatment of decommissioning
-
Product pricing
- Liquids pricing
- Natural gas pricing
- Sample cash flow
- Production Sharing Contract (PSC)
- Basis
- Government equity participation
- Indirect taxes
-
Royalty
- Ring fencing
- Base
- Rate
- Payment schedule
-
PSC production sharing
- Ring fencing
-
PSC cost recovery
- Base
- Rate (cost recovery ceiling)
- Recoverable costs
- Unrecovered costs
- Excess cost recovery
-
PSC profit sharing
- Base
- Rate
- Payment schedule
-
Corporate income tax
- Ring fencing
- Base
- Rate
- Payment schedule
- Fiscal treatment of decommissioning
-
Product pricing
- Liquids pricing
- Natural gas pricing
- 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)
- 2010s
- GEM Models
Tables and charts
This report includes 47 images and tables including:
- Key facts: Table 1
- Country Map
- Liquids and Gas Production and Reserves
- Liquids and Gas Reserves
- Reserves and resources: Table 1
- Reserves and resources: Table 2
- Reserves and contingent resources at 01/01/2024
- Liquids and Gas Production 2024
- Oil Infrastructure Map
- Infrastructure: Table 1
- Fiscal terms
- Fiscal terms: Table 2
- Fiscal terms: Table 7
- Fiscal terms: Table 8
- Fiscal terms
- Fiscal terms: Table 14
- Map of Basins
- Blocks offered in the 24th Licensing Round
- Blocks Awarded
- Active Blocks by Region
- Exploration: Table 1
- Exploration: Table 2
- Drilling Activity by Well Type 1986-2023
- Exploration Drilling Activity and Commercial Success Rates
- Production: Table 1
- Production: Table 2
- Liquids Production
- Production: Table 3
- Production: Table 4
- Gas Production
- Gas Infrastructure Map
- Gas Infrastructure Map
- Infrastructure: Table 2
- Thailand Gas Infrastructure Offshore Map
- Thailand Gas Infrastructure Onshore Map
- Costs: Table 1
- Costs: Table 2
- Costs: Table 3
- Costs: Table 4
- Fiscal terms: Table 3
- Fiscal terms: Table 4
- Fiscal terms: Table 5
- Summary of modelled terms
- Summary of modelled terms
- Fiscal terms: Table 11
- Fiscal terms: Table 12
- Fiscal terms: Table 13
What's included
This report contains:
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