PTTEP Operations Overview
Project information 4/5
Partners
Project
Status*
Phase
PTTEP's Share
(as of April 2021)
6M 2021 Average Sales Volume **
Gas (MMSCFD) Liquid (KBPD)
Other International
1
PTTEP Australasia
(PTTEP AA)
OP
Exploration
100%
Total, Mitsui,
26.5%,20%
JV
2
Mozambique Area 1
ENH, OVL
Development
8.5%
15%, 10%
OVRL & Oil India,
10%, 10%
Bharat
Algeria 433a & 416b
PetroVietnam
3
JOC
Production
35%
(Bir Seba)
Sonatrach
2021 Key Activities
PTTEP
• AC/RL7 (Cash Maple) and Oliver (AC/RL12) Field under way to define proper
direction in order to increase development opportunities
• Other exploration projects: G&G studies
• First Cargo is expected by 2024 (Under further assessment)
• 1st Debt drawdown in project Finance
• The Force Majeure has been declared by the operator for safety reason due to
the security incident in Palma.
•
Project management under FM and study of impacts
• Plan to resume the project after safety security
• Drill development wells
Existing wells intervention
• Production respect OPEC+ policy
.
Drilling development wells
•
Expected first oil production for the initial phase of around 10,000-13,000 barrels
per day (BPD) in 2021
40%
3
25%
•
Algeria Hassi Bir
4
OP
Rekaiz
Development
24.5%
CNOOC
Sonatrach
24.5%
51%
5
Mariana Oil Sands
OP
Exploration
100%
65%
Shell Brasil
6
Barreirinhas AP1
JV
Exploration
25%
10%
Mitsui E&P Brasil
• Waiting for exploration wells drilling permit from the government
JV
Petrobras
7
Brazil BM-ES-23
Exploration
20%
INPEX
65%
•
Evaluating the petroleum potential for development concept
15%
JV
PC Carigali Mexico
60%
8
Mexico block 12 (2.4)
Exploration
20%
Ophir Mexico
20%
Repsol Mexico
30%
•
JV
9
Mexico block 29 (2.4)
Exploration
16.67%
PC Carigali Mexico
Wintershal DEA
28.33%
25%
• The geophysical survey processing and interpretation are in progress for further
petroleum potential evaluation
. Drilling exploration wells
Completed drilling of 2 exploration wells in 2020 with successful result.
• The drilling operation for exploration well and appraisal drilling is ongoing, and it
is expected to complete by Q4/2021.
**
Status: OP = PTTEP operatorship / JOC = PTTEP joint operatorship/ JV = PTTEP as Joint Venture Partner
Sales volume stated at 100% basis except for Algeria 433a & 416b (production volume)
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