After initially focusing on domestic exploration PTTEP turned to international growth to strengthen its portfolio in the face of a maturing domestic asset base. The company built positions in its regional heartland of SE Asia through licence awards before moving further into the international arena with awards in Algeria and Oman. Subsequently M&A has added positions in Australia Canada Mozambique and Brazil and PTTEP has discovered 0.9 billion boe of new resource over the last decade. However drilling over the last two years has failed to deliver new commercial reserves. One of PTTEP's responses to the fall in oil prices has seen future exploration spend reduced to very low levels with the company instead looking at activity that will reset the growth trajectory quicker than through the drill bit. What little exploration PTTEP undertakes in the near term will be focused on its core domestic hubs together with international drilling in a limited number of countries.