PanOrient
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.
- Company typePrivate
- Founded1997
- HeadquartersCalgary, Canada
- Headcount11–50
- GTM typeB2B
- OfferingServices
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.
PanOrient firmographics
Firmographics- 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
PanOrient industry classification
Industry- 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
Where PanOrient is headquartered
LocationHeadquarters
- HQ city
- Calgary
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
PanOrient business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Operations, Infrastructure, Personnel, Technology or R&D, Others
Revenue model
- 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
PanOrient product offering
Product offeringCore 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
Companies that use PanOrient
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles1 record
PanOrient technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature1 record
PanOrient partnerships and signals
Strategic signalPartnerships
Two partnerships are on record, tiered core.
- Sea Oil Energy Ltd.coreSea 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)coreDIALOG 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
PanOrient competitors and assessment
Company assessmentEmerging 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
PanOrient social profiles
Digital presencePanOrient financial estimates
Financial estimateRevenue estimate
Valuation estimate
PanOrient leadership team
Management profileNumber of profiles
PanOrient subsidiaries and ownership
Company hierarchySubsidiaries1 record
PanOrient funding detail
Funding detailFunding overview
Funding rounds1 record
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
PanOrient M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about PanOrient
What does PanOrient do?
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.
Is PanOrient a public or private company?
PanOrient is a private company. It is classified as corporate owned and is currently operating.
When was PanOrient founded?
PanOrient was founded in 1997. It employs 11 to 50 people.
Where is PanOrient based?
PanOrient is headquartered in Calgary, Canada, in the North America region.
How does PanOrient make money?
One revenue line is on record: oil Production and Sales.
Who are PanOrient's main competitors?
Emerging players on record are Pacific Oil & Gas and Mitra Energy. Broad incumbents are PTT Exploration and Production (PTTEP), Murphy Oil, Chevron Corporation and Bangchak Petroleum. Direct peers are KrisEnergy, Tap Oil, Coastal Energy and Salamander Energy.
Does PanOrient have an API?
No public API is recorded for PanOrient.
What industry is PanOrient in?
PanOrient's product category is Upstream Oil & Gas Exploration and Production. Its primary akta.pro industry code is EUALAAAF, Production Operations & Well Optimization (Artificial Lift, Flow Assurance). Its NAICS code is 21112 and its SIC code is 1311.