PTT Group Financial and Strategic Insights
E&P: Guidance & Strategy
Business Update
Strengthen Core Business
6 Algeria
5 UAE
3 Myanmar
4
Mozambique
1 Thailand
2 Malaysia
9
Thailand
G1/61
Site access Jan 22 for Operatorship Transfer
Starting -425mmscfd, then drop to 250-300mmscfd
8 platforms and 100+ Dev. wells required for ramp-up
24 months timeframe to reach PSC 800 mmscfd
G2/61
Arthit
Assets Transfer Agreement signed in Q4/21
On track for 800+mmscfd (including BKT sales vol.)
GSA supplementary signed, to increase DCQ to
280mmscfd (60 mmscfd additional)
Malaysia
MY 2021 Bid Round pending result in Q1/22
LLB: Begin FEED in 2022 and prepare for FID in 2023
Myanmar
All three fields operates normally
YDN: TOTAL withdrawing
YTG: Declining production per field life
M3 and G2P: Prep work for development on-going
Mozambique
UAE
Construction resume expected in 2022
First cargo in late 2025, subject to local security situation
Area C farm-in expecting Govt. approval Q1/22
Exploration campaigns on going
Algeria
HBR Phase 1, expected First oil in 1st half of 2022
2022 Guidance
2022 Guidance
Average Sales Volume*
Average Gas Price*
Unit Cost
USD/MMBTU
USD/BOE
KBOED
Q1
Q1
Q1
~436
~6.0
~27-28
~467
~5.9
Full
Year
Full
Year
Note:
*
Include sales volume from ADNOC Gas Processing (AGP)
** Based on average Dubai oil price in 2022 at 67.0 $/BBL
Key Focus Areas
Key Focus Areas 2022
2021 Operating Results
Full
Year
EBITDA Margin
% of Sales Revenue
ptt
Q1
~70-75%
G1 & G2
Assets Monetization
Exploration
GHG & CCS
Net Zero
Diversification
Safe transition & accelerate
ramp-up activities
LLB FEED for FID 2022-23
Sarawak Clusters
21 exploration and appraisal
wells in 4 countries
Emission intensity reduction
and CCS rollout
Target declaration by
Q2/2022
ARV, G2P, CCU,
Renewables, H2 study
416 KBOED
+18% vs 2020, new
volume from B61, SBH
28.5 USD/BOE
-4% vs 2020, gradual
decrease towards target
4 new discoveries
From 3 MY Exploration projects
SK417, SK405B, SK488
Oman B61
Biggest M&A in company
history 2.3BN$ (Mar 2021)
Sabah H
1st Gas (Feb 2020)
7.5 years
of P1 Reserves
Beyond E&P
Tech: ARV 4 Business lines
Power: FEV, FST
24.1%
GHG emission reduction
ahead of target 25%
6,000
M.THB
First fully Digital Bonds in
Thailand via e-Wallet
0.17 LTF
Safety Records per IOGP
Standard
41 Awards
In Performance, SD, GRC,
IR, CSR, Management
Full
Year
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