Abstract
Thailand Oil and Gas Exploration and Production Industry Investment
Opportunities, Analysis and Forecasts of All Active and Planned Exploration
Blocks and Oil and Gas Fields to 2012
Summary
This profile is the essential source for top-level industry data and
information relating to the Exploration and Production industry in Thailand.
It provides asset level information relating to the active and planned oil and
gas fields and exploration blocks in Thailand. The profiles of the major
companies operating in the upstream industry of Thailand are also included in
the report. The latest news and deals pertaining to the sector are also
provided and analyzed.
Scope
・ Updated information relating to all active and planned exploration
blocks.
・ Provides historical and forecast data and information for all
the major operating and planned crude oil and natural gas fields.
・
Details operators and equity partners of oil and gas fields and exploration
blocks.
・ Includes information relating to license round details, start
and end dates, acreage, location, and reserves.
・ Information on the top
companies in the sector including business description, strategic analysis,
and financial information.
・ Product and brand updates, strategy changes,
R&D projects, corporate expansions and contractions and regulatory
changes.
・ Key mergers and acquisitions, partnerships, private equity
investments and IPOs.
Reasons to buy
・ Obtain the most up to date information available on exploration licenses and
oil and gas fields.
・ Identify growth markets and opportunities in the
industry.
・ Facilitate market analysis and forecasting of future industry
trends.
・ Facilitate decision making on the basis of strong historic and
forecast data data.
・ Assess your competitor' s exploration and production
asset portfolio.
・ Understand and respond to your competitors business
structure, strategy and prospects.
・ Develop strategies based on the
latest operational, financial, and regulatory events.
・ Do deals with an
understanding of how competitors are financed, and the mergers and
partnerships that have shaped the market.
・ Identify and analyze the
strengths and weaknesses of the leading companies.
Table of Contents
1 Table of Contents 2
1.1 List of Tables 9
1.2 List of Figures 11
2 Introduction 12
2.1 What Is This Report About? 12
2.2 How To Use
This Report 12
2.3 Market Definition 12
3 Thailand, Country Snapshot
13
3.1 Thailand, Key Data 13
3.2 Thailand, Exploration And Production
Assets Map 14
3.3 Thailand, Crude Oil & Natural Gas Reserves 15
4
Thailand, Crude Oil And Natural Gas Production 17
4.1 Thailand, Historical
Crude Oil Production 17
4.2 Thailand, Historical Natural Gas Production
18
4.3 Thailand, Crude Oil And Natural Gas Producing Asset Details 19
4.4 Thailand, Crude Oil Producing Assets By Area 22
4.5 Thailand, Natural
Gas Production Assets By Area 24
4.6 Thailand, Planned Production Assets
Details 25
4.7 Thailand, Crude Oil Production By Company 26
4.8
Thailand, Natural Gas Production By Company 27
5 Thailand, Crude Oil And
Natural Gas Forecasts 28
5.1 Thailand, Forecasted Crude Oil Production
28
5.2 Thailand, Forecasted Crude Oil Production 28
5.3 Thailand,
Forecasted Crude Oil Production Of Key Assets 29
5.4 Thailand, Forecasted
Natural Gas Production of Key Assets 30
5.5 Thailand, Forecasted Asset
Wise Gross Revenues 30
5.6 Thailand, Forecasted Asset Wise Total
Government Take 31
5.7 Thailand, Forecasted Asset Wise Income Tax 32
5.8 Thailand, Forecasted Asset Wise Contractor Take 33
6 Thailand,
Exploration Block Details 34
6.1 Thailand, Total Number of Active
Exploration Blocks 34
6.2 Thailand, Total Number of Active Exploration
Blocks By Company 35
6.3 Thailand, Exploration Blocks Details 36
7 BG
Group plc 40
7.1 BG Group plc, Key Information 40
7.2 BG Group plc,
Company Overview 40
7.3 BG Group plc, Business Description 40
7.3.1 BG
Group plc, Business Description, Business Overview 40
7.3.2 BG Group plc,
Business Description, Exploration and Production 40
7.3.3 BG Group plc,
Business Description, Liquefied Natural Gas 41
7.3.4 BG Group plc,
Business Description, Power and Other activities 42
7.3.5 BG Group plc,
Business Description, Transmission and Distribution 43
7.3.6 BG Group plc,
Business Description, Major Products and Services 44
7.4 BG Group plc,
Value Chain Analysis 45
7.4.1 BG Group plc, Value Chain Analysis, Upstream
46
7.4.2 BG Group plc, Value Chain Analysis, Midstream 46
7.4.3 BG
Group plc, Value Chain Analysis, Downstream 47
7.5 BG Group plc, SWOT
Analysis 47
7.5.1 BG Group plc, SWOT Analysis, Overview 47
7.5.2 BG
Group plc, SWOT Analysis, Strengths 48
7.5.3 BG Group plc, SWOT Analysis,
Weaknesses 49
7.5.4 BG Group plc, SWOT Analysis, Opportunities 49
7.5.5 BG Group plc, SWOT Analysis, Threats 50
7.6 BG Group plc, Revenue
Analysis 50
7.6.1 BG Group plc, Revenue Analysis, Revenue by Segment
50
7.6.2 BG Group plc, Revenue Analysis, Revenue by Geography 52
7.7
BG Group plc, Financial and Operational Review 53
7.7.1 BG Group plc,
Financial and Operational Review, Financial Statements 53
7.7.2 BG Group
plc, Financial and Operational Review, Financial Ratios 54
7.8 BG Group
plc, Operational Indicators 55
8 Hess Corporation 56
8.1 Hess
Corporation, Key Information 56
8.2 Hess Corporation, Company Overview
56
8.3 Hess Corporation, Business Description 56
8.3.1 Hess
Corporation, Business Description, Business Overview 56
8.3.2 Hess
Corporation, Business Description, Exploration and Production 57
8.3.3
Hess Corporation, Business Description, Marketing and Refining 58
8.3.4
Hess Corporation, Business Description, Major Products and Services 59
8.4
Hess Corporation, Value Chain Analysis 61
8.4.1 Hess Corporation, Value
Chain Analysis, Upstream 61
8.4.2 Hess Corporation, Value Chain Analysis,
Midstream 62
8.4.3 Hess Corporation, Value Chain Analysis, Downstream
62
8.4.4 Hess Corporation, Value Chain Analysis, Retail 63
8.5 Hess
Corporation, SWOT Analysis 63
8.5.1 Hess Corporation, SWOT Analysis,
Overview 63
8.5.2 Hess Corporation, SWOT Analysis, Strengths 64
8.5.3
Hess Corporation, SWOT Analysis, Weaknesses 65
8.5.4 Hess Corporation,
SWOT Analysis, Opportunities 66
8.5.5 Hess Corporation, SWOT Analysis,
Threats 67
8.6 Hess Corporation, Revenue Analysis 68
8.6.1 Hess
Corporation, Revenue Analysis, Revenue by Segment 68
8.6.2 Hess
Corporation, Revenue Analysis, Revenue by Geography 69
8.7 Hess
Corporation, Financial and Operational Review 70
8.7.1 Hess Corporation,
Financial and Operational Review, Financial Statements 70
8.7.2 Hess
Corporation, Financial and Operational Review, Financial Ratios 71
8.8
Hess Corporation, Operational Indicators 72
9 TOTAL S.A. 73
9.1 TOTAL
S.A, Key Information 73
9.2 TOTAL S.A, Company Overview 73
9.3 TOTAL
S.A, Business Description 73
9.3.1 TOTAL S.A, Business Description,
Business Overview 73
9.3.2 TOTAL S.A, Business Description, Chemicals
74
9.3.3 TOTAL S.A, Business Description, Downstream 75
9.3.4 TOTAL
S.A, Business Description, Upstream 76
9.3.5 TOTAL S.A, Business
Description, Major Products and Services 77
9.4 TOTAL S.A, Value Chain
Analysis 79
9.4.1 TOTAL S.A, Value Chain Analysis, Upstream 80
9.4.2
TOTAL S.A, Value Chain Analysis, Midstream 80
9.4.3 TOTAL S.A, Value Chain
Analysis, Downstream 81
9.4.4 TOTAL S.A, Value Chain Analysis, Retail
82
9.5 TOTAL S.A, SWOT Analysis 82
9.5.1 TOTAL S.A, SWOT Analysis,
Overview 82
9.5.2 TOTAL S.A, SWOT Analysis, Strengths 83
9.5.3 TOTAL
S.A, SWOT Analysis, Weaknesses 84
9.5.4 TOTAL S.A, SWOT Analysis,
Opportunities 84
9.5.5 TOTAL S.A, SWOT Analysis, Threats 86
9.6 TOTAL
S.A, Revenue Analysis 87
9.6.1 TOTAL S.A, Revenue Analysis, Revenue by
Segment 87
9.6.2 TOTAL S.A, Revenue Analysis, Revenue by Geography 87
9.7 TOTAL S.A, Financial and Operational Review 89
9.7.1 TOTAL S.A,
Financial and Operational Review, Financial Statements 89
9.7.2 TOTAL S.A,
Financial and Operational Review, Financial Ratios 90
9.8 TOTAL S.A,
Operational Indicators 91
10 Thailand Exploration and Production Industry,
Financial Deals Landscape 93
10.1 Acquisition 93
10.1.1 PTT
Exploration And Production Sells Shares In New Links To Encore 93
10.1.2
PETRONAS Acquires Kuwait Petroleum (Thailand) From Kuwait Petroleum
International 95
10.2 Debt Offerings 96
10.2.1 PTT Completes Public
Offering Of Unsecured Debentures For $261.9 Million 96
10.3 Partnership
98
10.3.1 PTT Signs Joint Marketing Agreement With PETCO 98
10.4 Asset
Transactions 99
10.4.1 Resourceful Petroleum (Thailand) Acquires 30%
Interest Exploration Blocks From PTTEP Siam Company 99
10.4.2 PTT
Exploration and Production Sells 40% Interest In Nang Nuan Project To Nippon
Oil Exploration 100
10.4.3 Interra Resources Acquires 50% Interest
Petroleum Blocks From JSX Energy 101
10.4.4 GFI Oil & Gas Acquires 25%
Interest In Bualaung Field 103
10.4.5 Niko Resources Acquires 50% Stake In
Fang Block 104
10.4.6 Pogo Sells Its Thailand Assets To PTTEP Offshore
Investment And Mitsui Oil 105
10.4.7 Pearl Energy And Choice Plus
Completes The Sale Of 50% Interest In Gas Concessions 107
10.4.8 Horizon
Oil To Acquire 20% Stake In Three Offshore Thai Exploration Concessions From
Pearl Energy 109
10.4.9 Salamander Energy To Acquire Interest In Champasak
& Saravan PSC From PetroVietnam 110
10.4.10 PetroVietnam To Acquire
Interest In Savannakhet PSC From Salamander Energy 111
11 Thailand
Exploration and Production Industry, Recent Developments 113
11.1 License
Rounds 113
11.1.1 Mar 20, 2008: Bangladesh Sees Good Interest From Oil
Firms In Gas Blocks Auction 113
11.2 License Awards 113
11.2.1 Jun 21,
2008: Coastal Receives Permission To Begin Oil Production From Songkhla Field
113
11.2.2 Jun 20, 2008: PTTEP To Sign HOA With Myanmar To Develop M9 Gas
Field 114
11.2.3 Jun 09, 2008: Coastal Receives Government Approval To
Develop Songkhla Field 114
11.2.4 Feb 25, 2008: Bapco To Award E&P
Contract To PTTEP 114
11.2.5 Jan 24, 2008: Carnarvon Signs L20/50
Concession Onshore Thailand 115
11.2.6 Jan 22, 2008: Thailand Awards
Concession Rights For Oil And Gas Blocks 115
11.2.7 Dec 19, 2007:
Salamander Gets Thai Exploration License 116
11.2.8 Dec 19, 2007: MOECO
Wins Four New Blocks Offshore Thailand 116
11.2.9 Oct 22, 2007: PTTEP
Receives Approval For Extension Of Bongkot Production Period For Ten Years
117
11.2.10 Oct 12, 2007: PTTEP To Invest In Bahrain 117
11.2.11 Sep
26, 2007: PTTEP Signs Concession Agreements 117
11.3 Strategy and Business
Expansion 118
11.3.1 Jan 07, 2008: PTTEP Announces New Subsidiary In
Bangladesh 118
11.3.2 Dec 06, 2007: PTTEP Establishes Three Subsidiaries
In Egypt 118
11.3.3 Nov 27, 2007: PTTEP Acquires 20% Interest In Block
AC/P36, Australia 118
11.3.4 Nov 06, 2007: PTT Announces Establishment Of
CHPP 119
11.3.5 Nov 05, 2007: TOTAL Gets Extension On Bongkot Gas Field
Production 119
11.3.6 Nov 05, 2007: PTT Announces Establishment Of PTT
International 120
11.4 Recent Discoveries 120
11.4.1 Aug 13, 2008:
Carnarvon Strikes Oil At NSE-A4 Well In Na Sanun East Oil Field, Thailand
120
11.4.2 Jul 18, 2008: Carnarvon Announces New Oil Discovery At NSE-A1
Flows At 1,245 Bopd 121
11.4.3 Jan 22, 2008: Petrovietnam Discovers Oil
And Gas In Algeria 123
11.5 Drilling and Production Updates 123
11.5.1
Aug 28, 2008: SOCO Commences Production From Bualuang Oil Field In Block
B8/38, Gulf Of Thailand 123
11.5.2 Aug 28, 2008: Salamander Announces
First Oil From Bualuang Field In Block B8/38, Thailand 123
11.5.3 Aug 27,
2008: Pearl Energy Commissions New Oil Production Platform In Thai Jasmine
Area 124
11.5.4 Jul 09, 2008: Carnarvon Provides Drilling Update In
Thailand 124
11.5.5 Jul 09, 2008: SPC And Partners Drill Exploration Well
In Cambodia 125
11.5.6 Jun 20, 2008: PTTEP Updates On Arthit Field
Production 125
11.5.7 Jun 19, 2008: Pearl Energy Starts Oil Production At
Fourth Jasmine Platform, Gulf Of Thailand 126
11.5.8 May 07, 2008: PTTEP
To Double Its Output In Five Years 126
11.5.9 May 07, 2008: Carnarvon
Provides Operational Update 127
11.5.10 May 06, 2008: Coastal Updates On
South Phu Horm Well 128
11.5.11 May 06, 2008: Salamander Updates On SPH-1
Well 128
11.5.12 Apr 22, 2008: Carnarvon Provides Thailand Drilling
Operations Update 129
11.5.13 Mar 27, 2008: PTTEP' s Arthit Project
Commences Natural Gas Production 130
11.5.14 Mar 04, 2008: Carnarvon
Provides Operational Update 130
11.5.15 Feb 27, 2008: GFI Updates On
Drilling Results At Bualuang Field 131
11.5.16 Feb 18, 2008: Coastal
Provides Thailand Drilling Update 132
11.5.17 Feb 04, 2008: Coastal
Provides Thailand Drilling Update 132
11.5.18 Feb 04, 2008: Salamander
Provides Dong Mun Appraisal Update 133
11.5.19 Dec 13, 2007: Carnarvon
Starts Production On L44H-D1 Well 133
11.5.20 Nov 27, 2007: Carnarvon
Updates On L44H-D1 Well 134
11.5.21 Oct 19, 2007: Carnarvon Commences
Production On NS8-D1 Well 135
11.5.22 Sep 26, 2007: PTTEP Provides
Exploration And Production Updates, Myanmar 135
11.5.23 Sep 15, 2007:
PTTEP To Start Arthit Production In 2008 135
11.6 Financial Announcements
136
11.6.1 Jul 25, 2008: PTTEP Reports 2Q 2008 Results 136
11.6.2 May
08, 2008: PTTEP Declares Q1 2008 Results 136
11.6.3 Feb 14, 2008: PTTEP
Declares 2007 Results 137
11.7 Other Significant Developments 138
11.7.1 Jul 25, 2008: Carnarvon Updates On NSE-A3 And NSE-A4 Wells In Thailand
138
11.7.2 Jul 07, 2008: PTT Unveils $125.6 Billion Investment Programme
140
11.7.3 Jun 13, 2008: Carnarvon Provides Thailand Operations And
Drilling Update 141
11.7.4 Jun 12, 2008: Pan Orient Provides Operational
Updates 143
11.7.5 May 27, 2008: POE Provides Thailand Operational Update
145
11.7.6 Mar 12, 2008: Total To Invest $1Billion In Bongkot Field
146
11.7.7 Mar 10, 2008: Thailand Seeks Energy Trade, Investment In
Upstream And Downstream Projects 146
11.7.8 Feb 28, 2008: Carnarvon
Updates On L20/50 Concession, Onshore Thailand 146
11.7.9 Dec 26, 2007:
PTTEP Estimates Five Year Investment Plan 147
11.7.10 Dec 25, 2007: PTT
Announces Board Changes 147
11.7.11 Dec 18, 2007: Thailand Govt Grants
Exploration Rights For 13 Blocks 147
11.7.12 Nov 30, 2007: PTTEP Launches
Arthit Central Processing Platform, Gulf Of Thailand 147
11.7.13 Oct 29,
2007: Chevron Signs Agreement For Production Period Extension 147
11.7.14
Oct 25, 2007: Carnarvon Provides Operational Updates 148
11.7.15 Oct 02,
2007: PTTEP To Start Seismic Surveys In Northeast Thailand 149
11.7.16 Sep
21, 2007: Salamander Updates On Phu Horm-10 Well 149
11.7.17 Sep 21, 2007:
Carnarvon Provides Operational Updates 150
11.8 New Contracts
Announcements 152
11.8.1 Oct 29, 2007: MOECO Signs Agreement To Extend
Production Period On Four Offshore Blocks In Gulf Of Thailand 152
12
Appendix 153
12.1 Methodology 153
12.1.1 Coverage 154
12.1.2
Secondary Research 154
12.1.3 Primary Research 155
12.1.4 Forecasts
155
12.2 Key Economic Assumptions 157
12.3 Expert Panel Validation
158
12.4 Definitions 158
12.5 Unit of Measure 159
12.6 Contact Us
160
12.7 Disclosure information 160
12.8 Disclaimer 160
1.1
List of Tables
Table 1: Thailand, Oil and Gas, Key Statistics, April 2008
13
Table 2: Thailand, Total Crude Oil and Natural Gas Reserves(MMBOE),
2000-2012 16
Table 3: Thailand, Total Crude Oil Production (MMBBLs),
2000-2007 17
Table 4: Thailand, Total Natural Gas Production (BCF),
2000-2007 18
Table 5: Thailand, Oil and Gas Assets Details, April 2008
19
Table 6: Thailand, Oil and Gas Assets Details, April 2008 (Cont' d)
20
Table 7: Thailand, Oil and Gas Assets Details, April 2008 (Cont' d)
21
Table 8: Thailand, Oil and Gas Assets Details, April 2008 (Cont' d)
22
Table 9: Central Plain, Total Crude Oil Production (Barrels), by
Assets, 2000-2007 22
Table 10: Thailand Offshore, Total Crude Oil
Production (Barrels), by Assets, 2000-2007 23
Table 11: Thailand Onshore,
Total Crude Oil Production (Barrels), by Assets, 2000-2007 23
Table 12:
Central Plain, Total Natural Gas Production (BCF), by Assets, 2000-2007 24
Table 13: Thailand Offshore, Total Natural Gas Production (BCF), by Assets,
2000-2007 24
Table 14: Thailand Onshore, Total Natural Gas Production
(BCF), by Assets, 2000-2007 25
Table 15: Thailand, Oil and Gas Planned
Production Assets Details, April 2008 25
Table 16: Thailand, Total Crude
Oil Production (MMBBLs), by Company, 2000-2007 26
Table 17: Thailand,
Total Natural Gas Production (BCF), by Company, 2000-2007 27
Table 18:
Thailand, Total Crude Oil Production (MMBBLs), Forecast, 2008-2013 28
Table 19: Thailand, Total Natural Gas Production (BCF), Forecast, 2008-2013
28
Table 20: Thailand, Total Crude Oil Production (MMBBLs), Forecast by
Assets, 2008-2013 29
Table 21: Thailand, Total Natural Gas Production
(BCF), Forecast by Assets, 2008-2013 30
Table 22: Thailand, Forecasted
Assets-wise Gross Revenue (000' $), 2008-2013 30
Table 23: Thailand,
Forecasted Assets-wise Gross Revenue (000' $), 2008-2013 (Cont' d) 31
Table
24: Thailand, Forecasted Assets-wise Government Take (000' $), 2008-2013 31
Table 25: Thailand, Forecasted Assets-wise Income Tax (000' $), 2008-2013
32
Table 26: Thailand, Forecasted Assets-wise Contractor Take (000' $),
2008-2013 33
Table 27: Thailand, Total Number of Active Exploration
Blocks, 2000-2007 34
Table 28: Thailand, Total Number of Active
Exploration Blocks by Company, 2000- 2007 35
Table 29: Thailand, Oil and
Gas Exploration Blocks Details, April 2008 36
Table 30: Thailand, Oil and
Gas Exploration Blocks Details, April 2008 (Cont' d) 37
Table 31: Thailand,
Oil and Gas Exploration Blocks Details, April 2008 (Cont' d) 38
Table 32:
Thailand, Oil and Gas Exploration Blocks Details, April 2008 (Cont' d) 39
Table 33: BG Group plc,Key Facts, 2006 40
Table 34: BG Group
plc, SWOT Analysis , 2006 47
Table 35: BG Group plc, Revenue by
Segment, GBP Milllion, 2002-2006 51
Table 36: BG Group plc, Revenue
by Geography, GBP Milllion, 2002-2006 52
Table 37: BG Group plc,
Financial Statements, GBP Milllion, 2002-2006 53
Table 38: BG Group
plc, Financial Ratios, GBP Milllion, 2002-2006 54
Table 39: BG Group
plc Operational Indicators, 2002-2006 55
Table 40: Hess
Corporation,Key Facts, 2007 56
Table 41: Hess Corporation, SWOT
Analysis , 2007 64
Table 42: Hess Corporation, Revenue by Segment,
USD Million, 2002-2006 68
Table 43: Hess Corporation, Revenue by
Geography, USD Million, 2002-2006 69
Table 44: Hess Corporation,
Financial Statements, USD Million, 2003-2007 70
Table 45: Hess
Corporation, Financial Ratios, USD Million, 2003-2007 71
Table 46:
Hess Corporation Operational Indicators, 2003-2007 72
Table 47: TOTAL
S.A.,Key Facts, 2007 73
Table 48: TOTAL S.A., SWOT Analysis , 2007
83
Table 49: TOTAL S.A., Revenue by Segment, Euro Million, 2003-2007
87
Table 50: TOTAL S.A., Revenue by Geography, Euro Million,
2003-2007 88
Table 51: TOTAL S.A., Financial Statements, Euro
Million, 2003-2007 89
Table 52: TOTAL S.A., Financial Ratios, Euro
Million, 2003-2007 90
Table 53: TOTAL S.A. Operational Indicators,
2003-2007 91
Table 54: TOTAL S.A. Operational Indicators, 2003-2007
92
Table 55: Brent Blend NYMEX Future Prices 157
1.2 List of
Figures
Figure 1: Thailand, Exploration and Production Assets Map, April
2008 14
Figure 2: Thailand, Total Crude Oil and Natural Gas
Reserves(MMBOE), 2000-2012 15
Figure 3: Thailand, Total Crude Oil
Production (MMBBLs), 2000-2007 17
Figure 4: Thailand, Total Natural Gas
Production (BCF), 2000-2007 18
Figure 5: Thailand, Total Number of Active
Exploration Blocks, 2000-2007 34
Figure 6: BG Group plc, Value Chain
Analysis 45
Figure 7: Hess Corporation, Value Chain Analysis 61
Figure 8: TOTAL S.A., Value Chain Analysis 79
Figure 9: Global
Markets Direct Methodology 153
