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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 Joint Operator

Exploration and Production

Vietnam 16-1 Project
Type of Business Exploration and Production
Concessions Block 16-1
Area 173 square kilometers (Only for TGT field)
Location Offshore, Southeast of Vung Tau City, Vietnam
Operator Hoang Long Joint Operating Company (HLJOC)
Petroleum Fields Te Giac Trang (TGT)
Type of Petroleum Natural gas and crude
Signing Date December 8, 1999
Production Start-up August 22, 2011
Phase Production
Investment Type PTTEP as Joint Operator

Partners & Share

Block 16-1

Petrovietname Exploration Production Corporation (PVEP)
41%
PTTEP Hoang-Long Company Limited (PTTEP HL)
28.5%
SOCO Vietnam Ltd.
28.5%
OPECO Vietnam Ltd.
2%

Project Progress :

Year :

2016

Quarter 1

Crude oil sales volume averaged 27,275 BPD and natural gas averaged approximately 15 MMSCFD (approximately 3,872 BOED).

Quarter 2

Crude oil sales volume averaged 26,949 BPD and natural gas averaged approximately 11 MMSCFD (approximately 2,683 BOED).

Quarter 3 Crude oil sales volume averaged 23,290 BPD and natural gas sales volume averaged approximately 10 MMSCFD (approximately 2,383 BOED). Quarter 4 The project is in the process of drilling 2 development wells to maintain the production levels, and expects completion and commercial production in early 2017. The current crude oil sales volume averaged 26,681 BPD, and natural gas sales volume averaged 10 MMSCFD (approximately 2,656 BOED).

2017

Quarter 1 The crude oil sales volume averaged 20,206 BPD. The project has begun the production of crude oil from 3 new wells as planned in order to maintain production levels, and is in the process of drilling additional appraisal and development wells that expect completion within the second quarter of 2017. Quarter 2 The crude oil sales volume averaged 22,247 BPD. The project has begun production of crude oil from 1 additional development well as planned, and is in the process of drilling 1 appraisal well in order to maintain its production level.