Company report

PTTEP oil and gas exploration summary



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Report summary

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.

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    PTTEP oil and gas exploration summary

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Table of contents

  • Executive summary
  • Strategy
  • Investment and costs
  • Exploration
  • Reserves and resources
  • Production
  • Valuation

Tables and charts

This report includes 23 images and tables including:


  • Basins drilled and all conventional & organic unconventional discoveries 2006-2015
  • Exploration & appraisal spend and reinvestment
  • Exploration & appraisal spend by water depth
  • Exploration & appraisal spend by basin maturity
  • Discovery costs by water depth
  • Production from new field discoveries and organic unconventionals, and as a proportion of all future production
  • Exploration wells drilled and spend per well
  • Exploration success rates
  • Volumes discovered by year
  • Volumes discovered by water depth
  • Volumes discovered by country
  • Volumes discovered by basin
  • Full cycle value creation by year, with uncons
  • Exploration returns by year, with uncons
  • Costs and development value by reserve category
  • Exploration returns by water depth
  • Net active exploration acreage by water depth
  • Net active exploration acreage by country


  • Full-cycle economics
  • Executive summary: Table 1
  • SWOT Grid
  • Gross exploration & appraisal wells by basin and sector
  • Top 40 discoveries (2006 to 2015)

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