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Algeria 433a and 416b Project

The project production volume averaged 17,180 BPD.
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PTTEP Australasia Project

The Montara Field Sales Volume for the third quarter of 2017 averaged 7,996 BPD and the project is in the process of drilling development well H5 to accelerate production levels in Quarter 4. The Cash Maple Field continues the Pre-FEED study for further preparation of development plans, and completion is expected by the end of 2017.
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Barreirinhas AP1 Project

The project completed evaluating the basin’s petroleum potential through study of 3D seismic data, and is in the process of evaluating the project’s prospects.
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Mariana Oil Sands Project

The project revised the development plan with a focus on cost reduction and risk mitigation.
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Sarawak SK410B Project

The project completed seismic survey and is being assessed for the project’s resources potential.
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Mozambique Rovuma Offshore Area 1 Project

The project signed marine concessions agreements with the government of Mozambique on August 10, 2017. The resettlement plan is in the preparation phase. The project is in the process of finalizing the LNG off-take agreements, and negotiating for project finance with financial institutions in order to support the Final Investment Decision (FID) of the project.
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Zawtika Project

The project gas sales volume averaged 315 MMSCFD (approximately 50,273 BOED), and continued the drilling of additional development wells in Phase 1B and constructing 4 production platforms in Phase 1C to maintain the production plateau.
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Myanmar M3 Project

The commercial feasibility and resources potential for this project are still being assessed.
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Myanmar MOGE-3 Project

The project completed seismic survey and is being assessed for the project’s resources potential.
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Vietnam 52/97 Project

The projects signed a letter of agreement between joint venture partners on wellhead gas prices and transportation costs to approach further commercial contracts and other conditions before Final Investment Decision (FID).
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Vietnam B & 48/95 Project

The projects signed a letter of agreement between the joint venture partners on wellhead gas prices and transportation costs to approach further commercial contracts and other conditions before Final Investment Decision (FID).
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Phase

Production

Investment Type

PTTEP as Operator

Exploration and Production

PTTEP Australasia Project
Type of Business Exploration and Production
Concessions Blocks AC/L1, AC/L2, AC/L3, AC/L7, AC/L8, AC/RL4, AC/RL5, AC/RL6, AC/RL7, AC/RL10, AC/RL12 and AC/P54
Area Jabiru and Challis (1,956 sq.km.), Montara (4,765 sq.km.), Cash/Maple (420 sq.km.), Oliver (170 sq.km.)
Location Timor Sea, Offshore, Western Australia
Operator Please see “Partners & Share” below
Petroleum Fields -
Type of Petroleum Natural gas, crude oil and condensate
Signing Date
Production Start-up
Phase Production
Investment Type PTTEP as Operator

Partners & Share

Blocks AC/L1, AC/L2, AC/L3, AC/L7, AC/L8, AC/RL7, AC/RL12 and AC/P54

PTTEP Australasia (Ashmore Cartier) Pty Ltd (PTTEP AAA) (Operator)
100%

Blocks AC/RL4 and AC/RL5

PTTEP Australia Timor Sea Pty Ltd (PTTEP AT) (Operator)
100%

Block AC/RL6

PTTEP Australia Timor Sea Pty Ltd (PTTEP AT) (Operator)
100%

Block AC/RL10

PTTEP Australia Timor Sea Pty Ltd (PTTEP AT) (Operator)
90%
Bengal Energy Ltd
10%

Project Progress :

Year :

2016

Quarter 1

The Montara Field Production averaged 18,146 BPD

Quarter 2

The Montara Field Production averaged 14,135 BPD

Quarter 3

The Montara Field Sales volume average 12,732 BPD

The Cash Maple Field, received the approval from the Australian’s government to extend “Retention Lease Period” for another 5 year (2017-2021).  The project is also in discussion with operators of nearby fields to create joint-development plans

Quarter 4 The Montara Field Sales Volume for 2016  averaged 14,655 BPD

2017

Quarter 1

The Montara Field Sales Volume for the first quarter of 2017 averaged 10,653 BPD, in line with the production plans
The Cash Maple Field is carrying out the Pre-FEED study for further preparation of the development plans, and completion is expected by the end of 2017

Quarter 2

The Montara Field Sales Volume for the second quarter of 2017 averaged 9,911 BPD which was slightly lower than the production plans due to the cyclone season in April and May 2017
The Cash Maple Field is carrying out the Pre-FEED study for further preparation of the development plans, and completion is expected by the end of 2017

Quarter 3

The Montara Field Sales Volume for the third quarter of 2017 averaged 7,996 BPD and the project is in the process of drilling development well H5 to accelerate production levels in Quarter 4.
The Cash Maple Field continues the Pre-FEED study for further preparation of development plans, and completion is expected by the end of 2017