Bangkok, Department of Fuel Prepare to open applications for rights to explore and produce petroleum for 9 more onshore plots ( 25th time), creating energy security, accelerating PTTEP to produce gas from the Erawan field as planned, happy in 2023, generating income to send to the state. 1.2 billion baht
Mr. Warakorn Phrommobol, Director-General of the Department of Mineral Fuels, revealed that in 2024, the department is preparing to open applications for rights to explore and produce petroleum. For land plots (25th time), 9 plots are in the northeastern region, and 2 plots are in the central region. Total area size is 33,944.64 square kilometers. and is expected to explore and find a petroleum sieve both natural gas and crude oil This is in accordance with the energy management plan to create continuous energy security. It also accelerates the investment of contractors in Block G1/61 in order to increase production capacity to meet the target of 800 million cubic feet per day in April 2024, coordinating wit
h concessionaires. and contractors providing other sources To produce according to the ability of the source as well as procuring natural gas from the Thai-Malaysia Joint Development Area. and promoting and coordinating cooperation in the procurement of natural gas from neighboring countries.
Currently, Thailand has petroleum exploration and production under the concession system, totaling 34 concessions, 47 exploration blocks, divided into 14 onshore petroleum concessions, 16 exploration blocks, and 20 petroleum concessions in the Gulf of Thailand, 31 exploration blocks. Produce petroleum under the Production Sharing Contract (PSC) system, 5 contracts, 5 exploration blocks in the Gulf of Thailand. Including operations in the Thai-Malaysia Joint Development Area (MTJDA), 2 plots.
In addition, it is also accelerating to supervise the development of technology, capture, and utilization. and carbon storage (CCS/CCUS) to drive Thailand towards a low-carbon society. This year, the Department will move forward wi
th the drafting of a draft law by setting criteria and guidelines for regulating the application of CCS technology in shale. Geology of the country under the Petroleum Act B.E. 2514
Including discussions with various agencies. related To find incentives to support investment in CCUS in the future, participation of relevant stakeholders is created. which includes cooperation within the country, including knowledge creation Understanding for personnel of the Ministry of Energy and interested private sectors and cooperation with foreign countries, including energy cooperation between Thailand-Japan and Thailand-USA, etc.
For the petroleum production situation in 2023, Thailand produces an average of approximately 560,000 barrels of crude oil equivalent per day. by natural gas Daily production averages approximately 2,400 million cubic feet per day, or 420,000 barrels of crude oil equivalent per day. Condensate produces an average of 75,000 barrels per day, or 68,000 barrels of crude oil equivalent per day. and
crude oil produced is an average of 70,000 barrels per day.
Overall, the procurement and use of petroleum in the country There is a daily supply of 1.99 million barrels of oil equivalent. Domestic production is 560,000 barrels equivalent to crude oil per day, or 28%, and the rest must still be imported, accounting for 72%. As for revenue collection to the state from petroleum exploration and production, in 2023 the department can collect Income from petroleum royalties State profit share Benefits, special compensation, income from joint Thai-Malaysian organizations and others totaling 76,270 million baht and petroleum income tax collected by the Ministry of Finance worth 44,165 million baht.
‘In 2023, the country still had to import more than 50% of petroleum to support domestic energy demand. By the Department of Fuel managed Coordinate petroleum procurement from various sources Meanwhile, the Fuel Department is also an agency that can generate income for the country from petroleum exploration and producti
on. In 2023, it generated over 120 billion baht in revenue for the state, which is considered a government agency that generates income. It enters the country at a high level,’ said the Director-General of the Department of Mineral Fuels.
Source: Thai News Agency