Thailand Urged to Explore New Oil and Gas Fields to Mitigate Energy Crisis Risk

Thai geologists are sounding the alarm that the country's oil and gas exploration remains focused on existing resources, making the securing of new energy sources an urgent task. This situation is pointed out as a factor that could increase the risk of future energy crises. The experts suggest that there are likely underground structures from different geological eras within Thailand that have yet to be explored. By strengthening exploration activities focused on these undeveloped areas, it is possible to discover new oil and gas fields and stabilize energy supply, they propose. Currently, Thailand's energy supply is highly dependent on existing domestic resources, making it vulnerable to fluctuations in international energy prices and geopolitical risks. New exploration and development are extremely important for reducing this dependency and ensuring the sustainability of the Thai economy. To avoid the risk of an energy crisis, proactive exploration investment by the government and related agencies, along with the formulation of efficient resource development plans utilizing the latest technology, is indispensable. Source: MGR Online (Regional)