Insight

Thailand's upstream outlook at risk from fiscal reform

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Report summary

Thailand's ability to sustain domestic oil and gas production is in serious doubt. At current production levels commercial reserves will be exhausted within 9 years. Recent production growth coupled with a decade of weak exploration has meant Thailand has replaced less than 25% of the 2.3 billion boe of reserves produced in the last 10 years. We estimate output will fall to 252 000 boe per day in 2024 a 70% decline from current production levels.

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  • Document

    Insight Data.xls

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    Thailand's upstream outlook at risk from fiscal reform

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Table of contents

Tables and charts

This report includes 5 images and tables including:

Images

  • Government take increases with gas prices
  • Thailand government take < SE Asia average
  • Thailand's upstream outlook at risk from fiscal reform: Image 3
  • Commercialised reserves
  • South-Eastern Asia exploration performance

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