Thailand has been an oil and gas producer for many decades, with falling reserves amid rising domestic petroleum consumption. Proven oil reserves in Thailand is estimated at around 453 million barrels, while proven natural gas reserves stood at about 10.1 Tcf. PTT Exploration and Production (PTTEP), the upstream subsidiary of state-owned PTT Public Company Limited (PTT), is the dominant player in the Thai petroleum industry. Chevron, Total, Mitsui and BG Group are some of the bigger foreign companies with a presence in Thailand's petroleum sector.
Business Development focuses on finding new growth opportunities for the organization, whether it is through acquiring new customers, market expansion and/or brand awareness. The primary goal is to build partnerships that allow leverage to drive revenue. Although often thought to be synonymous with sales, business development involves a mix of negotiations, marketing, networking, and project management to create long-standing relationships and profitability.