How big is the Thailand Oil and Gas Market?

The Thailand Oil and Gas Market size is expected to reach 238.73 thousand barrels per day in 2024 and grow at a CAGR of 2.33% to reach 266.55 thousand barrels per day by 2029. Read More

What is the current Thailand Oil and Gas Market size?

In 2024, the Thailand Oil and Gas Market size is expected to reach 238.73 thousand barrels per day. Read More

Who are the key players in Thailand Oil and Gas Market?

PTT Public Company Limited, Chevron Corporation, Exxon Mobil Corporation, TotalEnergies SE and MedcoEnergi are the major companies operating in the Thailand Oil and Gas Market. Read More

What years does this Thailand Oil and Gas Market cover, and what was the market size in 2023?

In 2023, the Thailand Oil and Gas Market size was estimated at 233.29 thousand barrels per day. The report covers the Thailand Oil and Gas Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Thailand Oil and Gas Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Thailand Oil And Gas Companies

Thailand Oil And Gas Top Companies

Thailand Oil And Gas Market

Top 5 Thailand Oil And Gas Companies

PTT Public Company Limited
Chevron Corporation
ExxonMobil Corporation
TotalEnergies SE
MedcoEnergi

Thailand Oil And Gas Market Major Players

Source: Mordor Intelligence

*Top companies in "Thailand Oil And Gas Market" based on their market share in 2024, sorted in no particular order

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Top 5 Thailand Oil And Gas Companies

Global Overview	Operations in this Market	Strengths	Strategies & Outlook
PTT Public Company Limited
Leading Thai state-owned oil and gas company with global operations in over 10 countries.	Comprehensive operations in exploration, production, refining, and distribution.	Strong local presence, integrated operations, and government backing.	Focus on expanding natural gas production, renewable energy investments, and digital transformation.
Chevron Corporation
Major US-based multinational energy corporation with a global presence.	Significant presence in upstream exploration and production activities.	Advanced technological capabilities and extensive global experience.	Continued focus on offshore oil and gas development and sustainability initiatives.
ExxonMobil Corporation
Largest publicly traded oil and gas company globally, based in the USA.	Focused on upstream oil and gas exploration and production.	Strong financials, extensive R&D, and technology innovation.	Emphasis on expanding gas production and implementing carbon reduction technologies.
TotalEnergies SE
French multinational integrated energy and petroleum company.	Engaged in upstream exploration and production, with a focus on gas.	Diversified energy portfolio and commitment to sustainability.	Expansion of gas operations and investments in renewable energy projects.
MedcoEnergi
Indonesian energy company with a growing international presence.	Active in exploration and production, particularly in offshore fields.	Strong regional knowledge and experience in Southeast Asia.	Aims to expand offshore drilling and enhance energy efficiency.

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Other Top Thailand Oil And Gas Companies

Global Overview	Operations in this Market	Strengths	Strategies & Outlook
Bangchak Corporation PCL
Thai public company involved in refining, retail, and alternative energy.	Operates in refining and distribution with a focus on sustainability.	Strong local market presence and commitment to green energy.	Expansion into biofuels and continued investment in renewable energy.
Pan Orient Energy (Siam) Ltd.
Canadian oil and gas company focused on Southeast Asia.	Involved in exploration and production activities, primarily in onshore fields.	Niche expertise in onshore oil and gas exploration.	Focus on enhancing production efficiency and exploring new fields.
Sea Oil Energy Limited
Thai company specializing in oil trading and marine fuel services.	Active in oil trading and providing marine fuel and lubricants.	Strong network and expertise in oil trading.	Expansion into new markets and enhancement of logistics capabilities.
Royal Dutch Shell PLC
Global energy company based in the Netherlands, active in all areas of the energy sector.	Engaged in various downstream operations, including fuel distribution and retail.	Extensive global network and strong brand presence.	Focus on expanding retail operations and investments in clean energy.
Mitsui Oil Exploration Co. Ltd.
Japanese company involved in the upstream sector of oil and gas.	Engages in exploration and production, primarily in offshore projects.	Expertise in offshore drilling and project management.	Enhancing offshore production and focusing on sustainable practices.

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Competitive Analysis of Best Companies in Thailand Oil And Gas Market

Thailand Oil and Gas Market: Competitive Landscape
Dominance of Global and Local Giants: The Thailand oil and gas market is characterized by a mix of dominant global and local players. Major global conglomerates such as Chevron Corporation, ExxonMobil Corporation, and TotalEnergies SE have significant market shares, leveraging their extensive global expertise and technological capabilities. Alongside these multinational companies, prominent local companies like PTT Public Company Limited and Bangchak Corporation PCL also play vital roles in the market. This blend of global and local participants leads to a moderately consolidated market, where a few large players control a significant portion of the market share, creating a competitive environment that fosters innovation and efficiency.
Key Market Players and Characteristics: PTT Public Company Limited stands as the leading local player in the Thailand oil and gas market, with extensive operations across upstream, midstream, and downstream sectors. Chevron Corporation and ExxonMobil Corporation, both US-based oil giants, have a strong presence in Thailand’s upstream sector, focusing on exploration and production activities. TotalEnergies SE, a France-based company, also maintains a notable presence, particularly in upstream operations. MedcoEnergi, an Indonesian company, alongside other local entities like Bangchak Corporation PCL, Pan Orient Energy (Siam) Ltd., and Sea Oil Energy Limited, contribute to the diverse market landscape, bringing varied expertise and resources to the table.
Trends and Success Factors: The Thailand oil and gas market is currently undergoing a transition towards more sustainable and energy-efficient practices. Major trends include investments in renewable energy, improvements in operational efficiency, and digital transformation initiatives. For market players to achieve future success, strategies focusing on sustainable energy solutions, technological advancements, and strong government relations will be crucial. Additionally, adapting to regulatory changes and exploring new energy sources such as natural gas and biofuels could provide significant growth opportunities.

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