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Thailand Oil and Gas Report Q2 2016

Thailand Oil and Gas Report Q2 2016

BMI View: Above ground risks continue to weigh on the outlook for investment in the exploration andproduction 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 is now expected to kick off in mid-2016, having being delayed repeatedly since2008. Political and regulatory uncertainty will hinder upstream investments into Thailand which wantsshore up its declining oil and gas reserves. The licensing round will offer 23 onshore and six offshoreblocks to tap an estimated volume of 28.3bn to 151.6bcm of natural gas and 20-50mn barrels of crude oil.

We forecast Thailand's crude oil production to peak at 479,100b/d in 2016 as peak production at theNong Yao and Wassana oilfields adds to the country's production. Although we expect domestic crudeproduction to be on a downtrend and net crude oil imports to be on an uptrend thereafter, explorationcould pick up when the oil price recovers, and together with the 21st licensing round, pose upside risks toour forecast of the country's domestic crude output.


BMI Industry View
Table: Headline Forecasts (Thailand 2014-2020)
SWOT
Oil & Gas SWOT
Industry Forecast
Upstream Exploration
Latest Updates
Structural Trends
Table: Proven Oil and Gas Reserves (Thailand 2014-2019)
Table: Proven Oil and Gas Reserves (Thailand 2020-2025)
Upstream Projects
Table: Thailand Major Upstream Projects
Upstream Production - Oil
Latest Updates
Structural Trends
Table: Oil Production (Thailand 2014-2019)
Table: Oil Production (Thailand 2020-2025)
Upstream Production - Gas
Latest Updates
Structural Trends
Table: Gas Production (Thailand 2014-2019)
Table: Gas Production (Thailand 2020-2025)
Refining
Latest Updates
Structural Trends
Table: Refining Capacity and Refined Products Production (Thailand 2014-2019)
Table: Refining Capacity and Refined Products Production (Thailand 2020-2025)
Refined Fuels Consumption
Latest Updates
Structural Trends
Table: Refined Products Consumption (Thailand 2014-2019)
Table: Refined Products Consumption (Thailand 2020-2025)
Gas Consumption
Latest Updates
Structural Trends
Table: Gas Consumption (Thailand 2014-2019)
Table: Gas Consumption (Thailand 2020-2025)
Trade - Oil
Crude Oil Trade Forecast
Latest Updates
Structural Trends
Table: Crude Oil Net Exports (Thailand 2014-2019)
Table: Crude Oil Net Exports (Thailand 2020-2025)
Refined Fuels Trade Forecast
Latest Update
Structural Trends
Table: Refined Fuels Net Exports (Thailand 2014-2019)
Table: Refined Fuels Net Exports (Thailand 2020-2025)
Trade - Gas (Pipeline And LNG)
Latest Updates
Structural Trends
Table: Gas Net Exports (Thailand 2014-2019)
Table: Gas Net Exports (Thailand 2020-2025)
Industry Risk Reward Index
Asia - Oil & Gas Risk/Reward Index
Upstream Risk/Reward Index: Persistent Oil Price Weakness Underpins Bearish Outlook
Table: Asia: Upstream Risk/Reward Index
Downstream Risk/Reward Index: Projection For Weaker Economic Growth Undermines India's Scores
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
Chevron
ExxonMobil (Thailand)
Ophir Energy
PTT
PTTEP
Thai Shell Co
Other Summaries
Regional Overview
Industry Trend Analysis
Glossary
Table: Glossary Of Terms
Methodology
Industry Forecast Methodology
Source
Risk/Reward Index Methodology
Table: Bmi's Oil & Gas Upstream Risk/Reward Index
Table: Weighting

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