| Author | Kesara Tirasoontrakul |
| Call Number | AIT RSPR no. ET-89-5 |
| Subject(s) | Petroleum industry and trade--Thailand
|
| Note | A research study submitted in partial fulfillment of the
requirements for the degree of Master of Engineering, School of Environment, Resources and Development |
| Publisher | Asian Institute of Technology |
| Abstract | The basic question in petroleum exploration and production seems t o be
whether, geologically s peaking , there are oil deposits or not . In reality,
this plays less of a role than one would expect : Once it is established t hat
petroleum can be found, much of what happens successively is a matter of
negotiating and pricing. Typically, there are two parties involved in this
process, viz an exploration and production company (supplying the khow-how and
hardware ) and t he government granting t he concession. Much of t he :interaction
between the t wo is over he sharing of risk.
The study, subsequent l y, :is in two parts . Part I takes stock of the past
experience and current status of petroleum exploration and production in
Thailand. It further analyzes the bargaining situation bet ween companies and
governments in more abstract terms . Finally , it identifies major issues in
decision- making at company and government levels, which reflect geological
expectations (such as fie l d size , drilling efforts required , e t c ) and economic
considerations (profitability) of the venture.
Part II is devoted to some quantitative work. In particular , .it
addresses the question how a government should f or malate .it s .incentive scheme
- or fiscal regime - to assure both maximum production and a fair share in
profits made. For t he case of Thailand , it shows that Fiscal Regime III seems
better suited than .its predecessors to achieve t his goal. Results are obtained
by successive formulation of scenarios varying fiscal terms for various
geological and cost assumptions. |
| Year | 1989 |
| Type | Research Study Project Report (RSPR) |
| School | School of Environment, Resources, and Development (SERD) |
| Department | Other Field of Studies (No Department) |
| Academic Program/FoS | Energy Technology (ET) |
| Chairperson(s) | Codoni, Rene
|
| Examination Committee(s) | Tang, John C.S. ;Surapong Chiraratananon
|
| Scholarship Donor(s) | Government of Japan |
| Degree | Research Studies Project Report (M. Eng.) - Asian Institute of Technology, 1989 |