What PAE Thailand does

PAE (Thailand) Public Company Limited, founded on May 11, 1964, is a Thai-headquartered engineering, procurement, construction (EPC) and industrial services company serving primarily the oil and gas and petrochemical sectors. The company is listed on the Stock Exchange of Thailand under ticker bkk:PAE and operates from its headquarters in Samut Prakan with a southern Thailand branch in Songkhla. PAE offers an integrated service stack built around five core lines: (i) Oil & Gas Services / Professional Manpower Supply providing multi-skilled, safety-trained personnel (welders, fitters, scaffolders, crane operators, E&I technicians) for onshore and offshore construction, installation, platform maintenance and vessel repairs; (ii) EPC Engineering covering steel structures, piping, API storage tanks, mechanical, electrical and instrument work; (iii) Fabrication Services through its yard facilities, including closed-system sand blasting and painting and hydro testing; (iv) Equipment Rental of certified tools and lifting/painting/hydrostatic/air-compression equipment; and (v) Welder Qualification Testing and HSE training, delivered in part through its wholly-owned subsidiary PAE Energy Solution Co., Ltd. (PES).

The company's competitive position rests on long-tenured reference contracts with Thailand's anchor energy customers — PTT, PTT Exploration and Production (PTTEP), PTTGC, IRPC, Chevron Thailand and SCGP — alongside EPC work for Samsung C&T, Hyundai Engineering and CUEL. Notable contract values include a 1,500 MB integrated O&G services contract with Chevron (2013-2019), a 700 MB PTTEP S1 Lankrabue project (2012-2015), a 263 MB PTTEP G1/61 Erawan offshore call-off (2022-2024), and various industrial maintenance engagements with Siam Kraft, Thai Cane Paper and T.P.K. Ethanol. PAE's GTM is enterprise field sales: project-based and call-off contracts secured via direct relationships and competitive bidding against major oil and gas operators and contractors; pricing is not publicly disclosed and revenue mechanics are contract-driven rather than subscription- or volume-based.

Operationally, PAE maintains UKAS-accredited ISO 9001, ISO 14001 and ISO 45001 certifications, Thai Green Industry Level 3 status, and a 2019 Factory Certificate Gold Award. Its in-house Welder Qualification Test (WQT) center certifies welders to international standards (ASME IX, AWS D1.1, API 1104, ASME B31.3/31.8/31.1) across five welding processes, which materially de-risks project execution and creates a defensible talent pipeline. Headcount sits in the 1,001-5,000 range. The company shows no meaningful AI/ML capability, public API, or software product surface — its value delivery is fundamentally physical execution, certified labor and integrated project management.

Name

PAE Thailand

Legal name

PAE (Thailand) Public Company Limited

Website

https://pae.co.th

Company type

Private

Founded year

1964

Operating status

Operating

Headcount range

1,001–5,000 employees

Short description

PAE (Thailand) Public Company Limited, founded in 1964 and listed on bkk:PAE, is a Thai EPC and industrial services contractor providing manpower, fabrication, equipment rental, and certified welding/HSE training to Thailand's oil and gas, petrochemical, and select industrial clients.

Ownership category

akta.pro rank

Product category

Oil & Gas Engineering and Construction Services

NAICS

Professional Employer Organizations (561330)

SIC

Oil & Gas Field Machinery & Equipment (3533)

akta.pro primary industry

Refinery & Petrochemical O&M / Maintenance Outsourcing (EUAEAGAG)

akta.pro secondary industry

Process Plant & Materials Handling EPC (Crushing, Conveying, Stockpiles, Loadout) (IMAKAOAE)

Keywords

• Oil and gas services
• EPC engineering
• Professional manpower supply
• Industrial construction
• Welding certification

Headquarters

HQ city

Suan Luang

HQ country

Thailand

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Infrastructure, Marketing or Sales, Technology or R&D

Revenue model

1. Oil & Gas Services: Manpower supply services providing trained and qualified personnel for oil and gas industry construction, maintenance, platform work, both onshore and offshore. Personnel include foremen, supervisors, welders, fitters, riggers, scaffolders, painters, crane operators, electrical technicians, and safety personnel.
2. EPC Engineering: Engineering, Procurement, and Construction services including steel structure work, piping work, API storage tank installation, mechanical work, electrical and instrument work. Projects range from construction to maintenance and tank/vessel cleaning.
3. Equipment Rental: Rental of certified tools and equipment for onshore and offshore oil and gas operations.
4. Training Services: HSE (Health, Safety, and Environment) training courses and welder qualification testing services provided through subsidiary PAE Energy Solution Co., Ltd. (PES).

Go-to-market motion1 record

Distribution channels1 record

Marketing channels2 records

Core offering

PAE Thailand provides integrated engineering, procurement, and construction (EPC) services, professional manpower supply, equipment rental, fabrication, and HSE/welding certification training for the oil and gas and petrochemical industries. The company delivers these services primarily to enterprise clients in Thailand's energy sector, covering both offshore and onshore construction, maintenance, platform work, and storage tank installation. A wholly owned subsidiary, PAE Energy Solution (PES), provides OHSE training meeting international standards.

Product overview

PAE (Thailand) Public Company Limited is an engineering and construction company established in 1964, offering a comprehensive suite of integrated services for the oil and gas industry. The company's portfolio consists of seven core offerings: (1) Oil & Gas Services providing professional manpower supply for onshore/offshore operations, (2) Professional Manpower Supply delivering multiskill personnel across various technical positions, (3) EPC Engineering covering design, procurement, and construction for steel structures, piping, storage tanks, mechanical, and electrical systems, (4) HSE Training Services through subsidiary PAE Energy Solution (PES) for safety certifications, (5) Equipment Rental for certified tools and machinery, (6) Fabrication Services including steel fabrication and sandblasting/painting, and (7) Welder Performance Qualification (WPQ) Testing Center offering international-standard welding certification and training. The company operates from its headquarters in Samut Prakan and a Songkhla branch, serving major clients in Thailand's oil and gas sector including PTT, Chevron, and Samsung C&T.

Differentiator

Problem solved

Functional benefit

Products and services

• Oil & Gas Services
• Professional Manpower Supply
• EPC Engineering (Engineering, Procurement and Construction)
• HSE Training Service
• Equipment Rental
• Fabrication Services
• Welder Performance Qualification (WPQ) Testing Center

Quantifiable outcome

• EPC project delivery for Chevron Thailand valued at 1,500 MB (2013-2019)
• +3 more outcomes

Named customers12 records

Segments3 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

One partnership is on record.

• PAE Energy Solution Co., Ltd. (PES)coreStrategic or Co-development PartnerPES is a subsidiary of PAE Thailand that provides Occupational Health Safety and Environment (OHSE) training courses meeting international standards. The subsidiary offers both theoretical and practical training exercises supervised by experienced and qualified personnel. PES serves to enhance PAE's comprehensive service offering by providing certified safety training for workforce development.

Scale indicators3 records

Recent moves5 records

Expansion highlights4 records

Broad incumbents

• TechnipFMC plc: Global O&G technology and EPC provider for subsea, surface, and onshore/offshore projects. Comparable to PAE through EPC, fabrication, and integrated project services for O&G operators, though operating at global scale with proprietary subsea technology.
• Samsung Engineering Co., Ltd. Korean global EPC contractor specializing in petrochemical, refinery, and gas processing plants. Documented PAE sub-contractor and client on Thai projects (PTTELK); comparable EPC + construction delivery model for the same upstream/downstream operators.
• Hyundai Engineering & Construction Co., Ltd. Korean global EPC contractor with extensive petrochemical, refinery, and O&G project execution in Southeast Asia. Comparable to PAE through documented E&I subcontracting relationships and shared petrochemical/EPC delivery model for Thai energy operators.
• Worley Limited: Australian global engineering services and project delivery company serving energy, chemicals and resources. Comparable to PAE through EPC, maintenance, and brownfield services for O&G and petrochemical operators across Asia-Pacific.
• Saipem S.p.A. Italian global EPC and offshore drilling contractor serving upstream, midstream, and downstream O&G. Comparable to PAE for offshore construction, fabrication and EPC execution but at vastly larger scale and with a global project portfolio.
• McDermott International, Ltd. Global EPC contractor specializing in offshore and subsea O&G project execution, including EPCI of fixed platforms, FPSOs, and pipelines. Directly comparable EPC + offshore construction capability to PAE, operating globally with Tier-1 IOC/NOC clients.

Direct peers

• Mermaid Maritime Public Company Limited: Thai-listed offshore oil & gas services company providing subsea engineering, ROV, diving, and offshore construction support to clients in the Gulf of Thailand. Closest direct peer to PAE given shared Thai O&G offshore services focus and enterprise client base (PTTEP, Chevron).
• Sapura Energy Berhad: Malaysian integrated O&G services company offering EPC, drilling, and offshore installation across Southeast Asia. Comparable to PAE through EPC delivery, offshore construction capability, and similar oil-major client mix in the regional upstream/downstream space.
• PTSC (PetroVietnam Technical Services Corporation): Vietnamese O&G services company providing EPC, mechanical, maintenance, and offshore construction for Petrovietnam group and international operators. Regional comparable with similar EPC + manpower + maintenance service mix targeting national O&G operators.

Regional players

• Jurong Engineering Limited: Singapore-based EPC contractor for O&G, petrochemical and offshore projects across Southeast Asia. Comparable regional EPC competitor with similar client base and project types to PAE's petrochemical and refinery maintenance work.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/pae-thailand-plc.

Compliance5 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries1 record

Funding overview

Funding rounds

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 PAE Thailand