PTTEP Project and Financial Overview
Projects Details | Rest of the World
Project Name
Status
Phase
1
PTTEP Australasia
(PTTEP AA)
Participating Interest* (%)
Sales Vol Gas
(MMSCFD)
Sales Vol Liquid
(KBPD)
OP
Exploration
PTTEP
90%-100%
2
Mozambique Area 1
JV
Development
PTTEP
8.5%
TotalEnergies, Mitsui,
26.5%,20%
ENH, OVL
15%, 10%
OVRL & Oil India,
10%, 10%
Bharat
3
Algeria 433a & 416b (Bir
Seba)
JOC
Production
PTTEP
35%
17 **
PetroVietnam
40%
Sonatrach
25%
4
Algeria Hassi Bir Rekaiz
OP
Development
PTTEP
49%
Sonatrach
51%
5
Mariana Oil Sands
OP
Exploration
PTTEP
100%
(Canada)
6
Brazil
JV
Exploration
PTTEP
25%
Barreirinhas AP1
Shell Brasil
65%
Mitsui E&P Brasil
10%
Note: * PTTEP denotes respective PTTEP subsidiaries participating in the project
**
Sales volume represent average volume for 100% of the project during Q1/2022 except for Algeria 433a & 416b (production volume)
***
Status: OP = PTTEP operatorship / JOC = PTTEP joint operatorship/ JV = PTTEP Joint Venture Partner
41
Latest Status
PTTEP
•
•
AC/RL7 (Cash Maple) and Oliver (AC/RL12) Field: under way to define
proper direction in order to increase development opportunities
Tenacious and Oliver: On-going for well abandonment campaign
Other exploration projects: G&G studies
First Cargo is expected by 2025, subject to local security situation
1st Debt drawdown in project Finance
Force Majeure was declared by the operator for safety reason due to the
security incident in Palma.
Plan to resume construction activities after security and safety restored in
Cabo Delgado province
Drilling of 2 development wells are on-going in Q1 2022.
•
Target to tie-in and produce 2 new wells in 2022
Existing wells intervention
•
Production respect OPEC+ policy
•
Continue drilling development wells
Expected first oil production for the initial phase of around 10,000-13,000
barrels per day (BPD) in Q2 2022
Groupement (JOC) establishment in Q2 2022
Waiting for exploration wells drilling permit from the governmentView entire presentation