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JUNE 2012 ANNUAL GENERAL MEETING – PTTEP

PTTEP · Jun 20, 2012 · 14 slides

Investor presentation from the Shale Experts oil & gas presentation and slide database. Every page is imaged and its text indexed for search across operators, plays, basins and time.

Slides

  1. JUNE 2012 ANNUAL GENERAL MEETING – PTTEP – slide 1
    Annual General Meeting London, 20 June 2012
  2. JUNE 2012 ANNUAL GENERAL MEETING – PTTEP – slide 2
    Coves Strategy: Low Expenditure, High Value Add Mozambique Mozambique Offshore Kenya approaching Tanzania development phase Successful Successful Development Production Exploration Appraisal 5 4 3 Value creation 2 1…
  3. JUNE 2012 ANNUAL GENERAL MEETING – PTTEP – slide 3
    Strategy is Working: 1000m Value Creation Coves strategy since 2009 2009 2012 Results Low expenditure - High value add World Class Discoveries Exploration (gas) Exploration (oil) Geology first Windjammer-1 Ironclad Barquentine-1…
  4. JUNE 2012 ANNUAL GENERAL MEETING – PTTEP – slide 4
    Share Price throughout Formal Sales Process [GBp] 300 Close on 18 June Cove seeks clarity on 2.7 announcement 266p possible tax charge 240p Bid 2.7 announcement 220p Bid 250 2.4 announcement Mozambique 220p Bid tax clarification…
  5. JUNE 2012 ANNUAL GENERAL MEETING – PTTEP – slide 5
    Coves East Africa Deepwater Acreage Big Oil is moving in Kenya Kenya interests 7 Blocks ca 41,000 km2 gross (10.2m acres) L5, L7,L11A,L11B,L12 10% L10A 25% L10B 15% Tanzania interests (under divestment) Greater London area 1…
  6. JUNE 2012 ANNUAL GENERAL MEETING – PTTEP – slide 6
    Rovuma Offshore Area 1 World-class Asset 2 Distinct and separate gas discovery areas: Prosperidade: 17 to 30+ Tcf recoverable (30 to 50+ Tcf in place) Atum/Golfinho: 10 to 30+ Tcf recoverable (18 to 55+ Tcf in place) Area 1 is…
  7. JUNE 2012 ANNUAL GENERAL MEETING – PTTEP – slide 7
    Prosperidade Complex Successful exploration programme in 2010-2011 4 exploration wells drilled Successful appraisal programme in 2011-2012 5 appraisal wells drilled Coring 3 successful flow tests Flow & interference test…
  8. JUNE 2012 ANNUAL GENERAL MEETING – PTTEP – slide 8
    Atum/Golfinho Complex 2 Successful exploration wells in April-June 2012 Accelerated 4-well appraisal programme started in June 2012 10 to 30+ Tcf gross recoverable resources High-quality Oligocene fans More cost-effective…
  9. JUNE 2012 ANNUAL GENERAL MEETING – PTTEP – slide 9
    Additional Potential Additional resource potential: Northern area (Gas) 20+ prospects and leads (e.g. Orca, Linguado) Similar age and seismic character traps as Prosperidade complex Covered by ca 2,450 km2 of 3D seismic…
  10. JUNE 2012 ANNUAL GENERAL MEETING – PTTEP – slide 10
    Business Case for LNG Pacific Basin Supply & Demand 1. Gas discoveries areas are geologically suited for LNG 45 Vast areal extents 40 Late 2018: First LNG sales Mozambique LNG High-quality, continuous sands 35 Very low dip rates…
  11. JUNE 2012 ANNUAL GENERAL MEETING – PTTEP – slide 11
    LNG Conceptual Design World-class LNG project Initial development with 2x 5 mtpa LNG train facility Proven development technology Resources far exceed threshold for LNG development Expandable for future growth Demonstrated project…
  12. JUNE 2012 ANNUAL GENERAL MEETING – PTTEP – slide 12
    Kenya Offshore An Emerging Opportunity Large acreage position in Kenya offshore: ca 41,000 km2 (10.2m acres) Similar depositional environment to Rovuma basin in Mozambique Kenya Multiple play types Evidence of petroleum system…
  13. JUNE 2012 ANNUAL GENERAL MEETING – PTTEP – slide 13
    Summary 1. World-class LNG project with 27 to 60+ Tcf of gross discovered recoverable resources 2. Exploration potential: Mozambique offshore Gas resources within and outwith of discovery areas Oil Kenya offshore Promising 3D…
  14. JUNE 2012 ANNUAL GENERAL MEETING – PTTEP – slide 14
    Annual General Meeting London, 20 June 2012

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