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PTTEP oil and gas exploration summary

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26 September 2019

PTTEP oil and gas exploration summary

Report summary

After initially focusing on domestic exploration, PTTEP turned to international growth to strengthen its portfolio. The NOC built positions in its regional heartland of SE Asia through licence awards, before moving further into international arena with acreage in Algeria and Oman. Subsequently, M&A added positions in Australia, Canada, Mozambique and Brazil. PTTEP discovered 0.4 billion boe of new resource over the last decade, however much of these volumes were sub-commercial and failed to create value. The last four years, PTTEP has reassessed its options. The NOC is refocusing on Myanmar and its newly acquired acreage and assets in Malaysia. These focused areas and new exploration acreage in the UAE, Brazil and Mexico in partnership with notable global explorers could bring PTTEP opportunities for material resource additions. Full details are provided in our report, and all data and analysis can be downloaded in excel and pdf format.

Table of contents

  • Upstream strategy
    • Evolution of exploration strategy
    • Well data
    • Scope of this report
    • Domestic E&P remains core, however is maturing
    • Modest success in neighbouring Southeast Asia, but about to turn the corner
    • Mozambique gas reserves firmed up
    • Latin American acreage may provide future upside and resource

Tables and charts

This report includes 20 images and tables including:

  • Net active exploration acreage by water depth
  • Net active exploration acreage by country
  • Exploration & appraisal spend and reinvestment
  • Exploration & appraisal spend by water depth
  • Exploration & appraisal spend by basin maturity
  • Discovery costs by water depth (2009-2018)
  • Gross exploration & appraisal wells by basin and sector
  • Exploration wells drilled and spend per well
  • Exploration success rates
  • Top 40 discoveries (2009 to 2018)
  • Volumes discovered by year
  • Volumes discovered by water depth
  • Volumes discovered by country
  • Volumes discovered by basin
  • Production from new field discoveries and organic unconventionals during 2009-2018, and as a proportion of all future production
  • Full-cycle economics
  • Full cycle value creation by year
  • Exploration returns by year
  • Costs and development value by reserve category
  • Exploration returns by water depth

What's included

This report contains:

  • Document

    PTTEP oil and gas exploration summary.xlsb

    XLSB 273.18 KB

  • Document

    PTTEP oil and gas exploration summary

    ZIP 1.09 MB

  • Document

    PTTEP oil and gas exploration summary

    ZIP 1.09 MB

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