Thailand Oil and Gas Report Q1 2016

Date: December 2, 2015
Pages: 108
US$ 1,295.00
Report type: Strategic Report
Delivery: Download
ID: T9812B19AF9EN

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Includes 3 FREE quarterly updates

BMI View: Above ground risks continue to weigh on the outlook for investment in the exploration and production necessary to reverse the current trend of declining reserves and production of both oil and gas. Despite untapped offshore potential, Thailand's dependence on imports is expected to grow as consumption, particularly of natural gas, accelerates and domestic output stagnates.

Latest Updates And Key Forecasts:
  • The 21st licensing round, which was initially pushed to February 2015, remains indefinitely delayed. Political and regulatory uncertainty will remain a key obstacle to investment in Thailand, which needs additional investment in exploration and production in order to prove up a declining reserve base. The round was supposed to offer 23 onshore and six offshore blocks to tap an estimated volume of 28.3bn to 151.6bn cubic metres (bcm) of natural gas and 20-50mn barrels of crude oil.
  • We estimate oil production in 2015 will increase to 452,000b/d and we forecast another small increase in 2016 as the Nong Yao and Wassana fields raise output to 455,000b/d. However, we anticipate output will decline from 2017 onwards. Notwithstanding the upside risk from development of some modest discoveries, above ground risks linked to the unsettled political situation, as well as the decline in global oil prices, are likely to delay or deter more substantial investment that could have a more significant impact on the current forecast trend.
BMI Industry View
  Table: Headline Forecasts (Thailand 2013-2019)
Oil & Gas SWOT
Industry Forecast
Upstream Exploration
Structural Trends
  Table: Proven Oil And Gas Reserves (Thailand 2013-2018)
  Table: Proven Oil And Gas Reserves (Thailand 2019-2024)
Upstream Projects
  Table: Thailand Major Upstream Projects
Upstream Production - Oil
Latest Updates
Structural Trends
  Table: Oil Production (Thailand 2013-2018)
  Table: Oil Production (Thailand 2019-2024)
Upstream Production - Gas
Latest Updates
Structural Trends
  Table: Gas Production (Thailand 2013-2018)
  Table: Gas Production (Thailand 2019-2024)
Latest Update
Structural Trends
  Table: Refining Capacity and Refined Products Production (Thailand 2013-2018)
  Table: Refining Capacity and Refined Products Production (Thailand 2019-2024)
Refined Fuels Consumption
Latest Updates
Structural Trends
  Table: Refined Products Consumption (Thailand 2013-2018)
  Table: Refined Products Consumption (Thailand 2019-2024)
Gas Consumption
Latest Updates
Structural Trends
  Table: Gas Consumption (Thailand 2013-2018)
  Table: Gas Consumption (Thailand 2019-2024)
Trade - Oil
Latest Updates
Crude Export Outlook
Structural Trends
  Table: Crude Oil Net Exports (Thailand 2013-2018)
  Table: Crude Oil Net Exports (Thailand 2019-2024)
Refined Fuels Trade Outlook
  Table: Refined Fuels Net Exports (Thailand 2013-2018)
  Table: Refined Fuels Net Exports (Thailand 2019-2024)
  Table: Total Net Oil Exports - Crude and Products (Thailand 2013-2018)
  Table: Total Net Oil Exports - Crude and Products (Thailand 2019-2024)
Trade - Gas (Pipeline and LNG)
Latest Updates
Structural Trends
  Table: Gas Net Exports (Thailand 2013-2018)
  Table: Gas Net Exports (Thailand 2019-2024)
Industry Risk Reward Index
  Table: Asia: Upstream Risk/Reward Index
  Table: Asia: Downstream Risk/Reward Index
Thailand - Risk/Reward Index
Market Overview
Thailand Energy Market Overview
Regulatory Structure
Fiscal Regime
  Table: Thailand - Upstream Tax Regime
  Table: Thailand - Contracts and Licensing Regime
Exclusive Economic Zone
Licensing Rounds
Oil And Gas Infrastructure
  Table: Oil Refineries In Thailand
Oil Terminals/Ports
LNG Terminals
  Table: Thailand - Existing and Planned LNG Terminals
Gas Storage Terminal
  Table: Thailand - Gas Pipelines
  Table: Thailand - Crude Oil Pipeline
Competitive Landscape
Competitive Landscape Summary
  Table: Key Players In Thailand's Oil & Gas Sector
Company Profile
ExxonMobil (Thailand)
Ophir Energy
PTT Exploration And Production (PTTEP)
Thai Shell Co
Other Summaries
Regional Overview
Asia - Weak Oil Prices Will Hit Region's Long-Term O&G Production
  Table: Glossary Of Terms
Industry Forecast Methodology
Risk/Reward Index Methodology
  Table: Bmi's Oil & Gas Upstream Risk/Reward Index
  Table: Weighting
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