PanOrient

What PanOrient does

Pan Orient Energy Corp. (POEC) is a private, Canada-domiciled energy company focused on upstream oil and gas operations in Thailand. Its core asset is Concession L53/48, an onshore block located in Nakhon Pathom and Suphanburi Province approximately 100 km northwest of Bangkok, held through its 50.01%-owned subsidiary Pan Orient Energy (Siam) Ltd. (POES). POES, in which Sea Oil Energy Ltd. holds the remaining 49.99%, serves as the concessionaire and operator of the block, which encompasses seven production areas.

The company's core activities center on sub-surface evaluation to identify by-passed oil and untested reservoirs, appraisal and infill drilling, and production enhancement to increase the recovery factor. It is also evaluating low-gravity oil resources for possible enhanced oil recovery to expand the reserve base. Oil produced from Concession L53/48 is sold directly to a local Thai refinery. The acquisition of POEC by DIALOG Group Berhad in August 2022 marked DIALOG's first international upstream-operated venture, with stated long-term intent to grow the Thailand onshore footprint via POES as the bidding vehicle for upcoming onshore licensing rounds.

POEC generates revenue through transactional sale of produced crude oil to a single local refinery buyer in Thailand. No pricing, contract terms, or revenue figures are publicly disclosed. The asset is a sub-scale, niche upstream operation within DIALOG's broader integrated technical services portfolio and serves exclusively enterprise refining-sector counterparties in Thailand.

Name

PanOrient

Legal name

Pan Orient Energy Corp.

Website

https://panorient.ca

Company type

Private

Founded year

1997

Operating status

Operating

Headcount range

11–50 employees

Short description

Pan Orient Energy Corp. is a private upstream oil company operating the onshore Concession L53/48 in Thailand through its 50.01%-owned subsidiary POES, with all produced crude sold to a local Thai refinery.

Ownership category

akta.pro rank

Product category

Upstream Oil & Gas Exploration and Production

NAICS

Crude Petroleum Extraction (21112), Oil and Gas Extraction (211)

SIC

Crude Petroleum & Natural Gas (1311), Drilling Oil & Gas Wells (1381)

akta.pro primary industry

Production Operations & Well Optimization (Artificial Lift, Flow Assurance) (EUALAAAF)

Keywords

• Oil exploration production
• Upstream oil gas
• Concession operations
• Oilfield development
• Enhanced oil recovery

Headquarters

HQ city

Calgary

HQ country

Canada

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Infrastructure, Personnel, Technology or R&D, Others

Revenue model

1. Oil Production and Sales: POES operates concession L53/48 as concessionaire and operator, generating revenue through oil production. The oil extracted from Concession L53/48 is sold to a local refinery.

Distribution channels1 record

Core offering

PanOrient operates through its 50.01%-owned subsidiary Pan Orient Energy (Siam) Ltd. (POES), which is the concessionaire and operator of Concession L53/48, an onshore oil and gas asset located in Nakhon Pathom and Suphanburi Province, Thailand. The company conducts sub-surface evaluation to locate by-passed oil and untested reservoirs, appraisal and infill drilling, and production enhancement activities to increase the recovery factor, with extracted oil sold to a local refinery.

Product overview

PanOrient operates primarily through its 50.01% owned subsidiary Pan Orient Energy (Siam) Ltd. (POES), which holds and operates the Concession L53/48 onshore oil and gas asset in Thailand. This represents PanOrient's core upstream oil and gas production business, which focuses on extracting and enhancing oil recovery from existing reservoirs, with oil being sold to local refineries. DIALOG Group Berhad acquired Pan Orient Energy Corp. in August 2022 as its first international upstream venture, utilizing POES as a vehicle for participating in Thailand's onshore bidding rounds.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• Increase recovery factor through production enhancement activities

Named customers1 record

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature1 record

Partnerships

Two partnerships are on record, tiered core.

• Sea Oil Energy Ltd.coreStrategic or Co-development PartnerSea Oil Energy Ltd. holds 49.99% equity interest in Pan Orient Energy (Siam) Ltd. (POES), which is the concessionaire and operator of Concession L53/48. POES is the joint venture entity through which both DIALOG and Sea Oil Energy participate in the upstream oil concession in Thailand.
• Pan Orient Energy Corp. (POEC)coreStrategic or Co-development PartnerDIALOG completed the acquisition of Pan Orient Energy Corp. (POEC) in August 2022. POEC, through its wholly owned subsidiary, holds 50.01% equity interest in Pan Orient Energy (Siam) Ltd. (POES). This acquisition represents DIALOG's first international DIALOG-operated upstream venture.

Scale indicators1 record

Recent moves4 records

Expansion highlights3 records

Emerging players

• Pacific Oil & Gas: Private upstream-focused energy company operating in Southeast Asia. Pacific Oil & Gas's profile as a smaller, regionally focused E&P with producing assets in the region aligns with PanOrient's positioning.
• Mitra Energy: Southeast Asia-focused exploration and production company with interests in PSC and concession assets across the region. Mitra Energy's focus on smaller, emerging upstream opportunities in SE Asia aligns with PanOrient's profile as a niche onshore operator.

Broad incumbents

• PTT Exploration and Production (PTTEP): Thailand's largest upstream oil and gas company and a subsidiary of PTT Public Company Limited. PTTEP operates both onshore and offshore concessions in Thailand (including onshore fields) and across Southeast Asia, making it the broadest incumbent comparator for PanOrient's Thailand onshore operations.
• Murphy Oil: Independent E&P company with diversified global upstream portfolio including Southeast Asia exposure. Murphy Oil's profile as a smaller independent with multi-region upstream assets serves as a relevant broad-incumbent comparator.
• Chevron Corporation: Global integrated energy major with historical upstream operations in Thailand through subsidiaries. While operating at a vastly different scale, Chevron's Thailand upstream presence establishes it as a broad incumbent in the same operating geography.
• Bangchak Petroleum: Thai integrated energy company with refining and upstream interests. Bangchak operates a refinery in Thailand that is a potential offtaker for domestic crude production, making it both a comparable Thai energy operator and a potential customer adjacent to PanOrient's sales channel.

Direct peers

• KrisEnergy: Southeast Asia-focused upstream oil and gas company operating producing assets across the region, including Thailand. KrisEnergy's profile as a small, regionally focused E&P operator with multiple production-sharing contracts is closely comparable to PanOrient's single-asset Thailand onshore model.
• Tap Oil: Small-cap upstream oil and gas company focused on Southeast Asia and Australia, historically with operations in Thailand's onshore basins. Tap Oil's size, regional focus, and single-country exposure profile is highly comparable to PanOrient.
• Coastal Energy: Historically a small-cap E&P focused on Southeast Asia, including Thailand onshore operations, before being acquired. Coastal Energy's prior Thailand onshore focus and small-operator profile is directly comparable to PanOrient's Concession L53/48 operation.
• Salamander Energy: Southeast Asia-focused upstream oil and gas company with operations in Thailand and Indonesia prior to acquisition by Ophir Energy. Salamander's Thailand onshore exposure and small-mid cap E&P profile made it a direct comparator to PanOrient.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

• LinkedInlinkedin.com/company/pan-orient-energy-corp-poe-

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds1 record

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about PanOrient