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Survey of Energy Resources 2007
Crude Oil and Natural Gas Liquids Country Notes
|
Proved recoverable reserves (crude oil and NGLs, million tonnes) |
51 |
|
Production (crude oil and NGLs, million tonnes, 2005) |
10.8 |
|
R/P ratio (years) |
6.8 |
|
Year of first commercial production |
1959 |
Resources of crude oil and condensate are not very large in comparison with many other countries in the region. The data reported by the Thai WEC Member Committee for the present Survey show proved reserves of oil as 192 million barrels of crude oil and 261 million barrels of condensate. Just over three-quarters of the crude reserves and virtually all of the condensate reserves are located in Thailand's offshore waters. Data on reserves of other NGLs were not provided; consequently the calculated reserves/production ratio shown above is based on crude-plus-condensate production data.
The estimated additional amounts in place are reported as 195 million barrels of crude and 451 million barrels of condensate, of which the recoverable reserves are 119 and 293 million barrels respectively, implying recovery factors of 0.61 for crude and 0.65 for condensate.
Total output of oil (crude oil, condensate and other NGLs) has more than doubled since 1999, with an average of about 264 000 b/d in 2005. Exports of crude oil have risen sharply in recent years, averaging nearly 66 000 b/d in 2005.