THAILAND

(in Southeast Asia)

CAPITAL: BANGKOK

POPULATION: 65 mm

AREA (on): 514,000 km2

OIL PEAK: 2011 (forecast)

SUPPLY

The bulk of Thailandís oil production comes from offshore in the Gulf of Thailand, much of it associated with gas. There has been rapid growth in output and this will continue albeit at a decelerating rate. A peak is expected around 2011 when new output from jointly operated areas will be insufficient to replace decline in the older fields.

The Gulf of Thailand is dominantly gas-prone. Except for a small decline in 2001 output growth has been constant since it began in 1981 and this is expected to continue as new areas are exploited on and offshore. Production may reach a plateau by around 2012, after which decline will not be far away.

 

DEMAND

Thailandís economy has grown strongly since 2001 and oil consumption was escalating up to 2004 as the population got ever more affluent. Since the country imports most of its oil, higher prices, combined with unexpected political problems, have quelled demand and consumption is likley to be flat for the next decade.

Meanwhile gas consumption is growing rapidly, albeit with a recession-led dip expected in 2009. Imports, which began in 2001 from Myanmar, are likely to begin growing again after 2012 as indigenous gas production flattens off.

 

 
 

 

 

This is a simple forecast - detailed forecasts including offshore and onshore, deep water splits, sedimentary basins and major fields and drilling etc. can be purchased for most countries.

 

An onshore and offshore oil and gas production, consumption and drilling activity forecast report on this country can be commissioned,

including all relevant charts. Contact us for price and contents list.

 

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