Thailand Energy Market & PTTEP Business Update
Five-year Investment Budget
PTTEP
2023-2027 E&P Budget
29.1 bnUS$
CAPEX 18.1 bnUS$
OPEX 11 bnUS$
in KBOED
Production CAGR +6.3%
787
800
750
757
722
Sales Volume
700
648
581
600
535
510
531
550
468
470
11
11
24
Africa
500
11
6
9
56
56
67
67
69
53
400
100
109
106
119
Middle East
Other SEA
99
99
300
200
295
309
343
359
347
340
Thailand &MTJDA
100
0
OPEX
2023 Exploration Budget
223 mus$
MUS$
CAPEX 193 mUS$
30 mUS$
2022
2023
2024
2025
2026
2027
MMUSD
7,000
6,127
6,447
6,000
5,969
5,481
11 wells in Malaysia
Investment
5,000
4,819
2,216
5,076
2,176
2,112
4,000
2,329
OPEX
2,389
1,041
2,144
971
779
CAPEX
3,000
317
293
(Dev & Pre-sanction
80
projects (3))
2,000
5 wells in Thailand
1,000
2,350
2,835
2,980
3,190
3,078
2,639
CAPEX
(Producing projects (4))
0
1 well in Oman
2022
2023
2024
2025
2026
2027
Note: (1) Subject to site re-entering and resume
construction timing
(2) Subject to regulatory approval and FID timing
(3) Development & Pre-sanction projects include
Mozambique LNG, SK410B, and Southwest
Vietnam
(4) Including exploration and appraisal in all
projects and head office CAPEX, and new
businesses
Key Project
G2/61: March
Capacity 700 MMSCFD
(Apr 22: 200 MMSCFD
Mar'23: 500 MMSCFD)
G1/61: April
Full Capacity 800 MMSCFD
Start-up
25
Southwest
Vietnam: 2H (2)
MZA1 LNG: 1H (1)
HBR (Full phase): 2H (2)
SK410B: 2H (2)
SK405B: 1H
(2)View entire presentation