Thailand’s Department of Mineral Fuels will open bidding for petroleum exploration projects in nine terrestrial fields across the country before the end of this year, hoping to find petroleum, natural gas, and crude oil.
Seven of these fields are in the Northeast while two are in the central region, the department’s director-general Warakorn Brahmopala says.
New petroleum sources in Thailand would help meet increasing domestic demand and reduce the reliance on natural gas imports.
Thailand currently has 34 active petroleum exploration projects in 47 fields. 14 projects in 16 fields are terrestrial while 20 projects in 31 fields are in the Gulf of Thailand.
Thailand’s daily petroleum production capacity is around 558,000 barrels of oil equivalent (BOE). Natural gas production is at 2.4 billion cubic feet per day (420,000 BOE), condensate at 75,000 barrels per day (68,000 BOE), and crude oil at 70,000 barrels per day.
thailand’s domestic production only meets 28% of the country’s usage. The remaining 72% is imported mostly from neighboring Malaysia and Myanmar.
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