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PTTEP oil and gas exploration summary

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26 October 2018

PTTEP oil and gas exploration summary

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 NOC built positions in its regional heartland of SE Asia through licence awards, before moving further into international arena with awards in Algeria and Oman. Subsequently M&A added positions in Australia, Canada, Mozambique and Brazil, and PTTEP discovered 0.5 billion boe of new resource over the last decade. However, much of these volumes were sub-commercial and failed to create value, and a large part of PTTEP's international acreage was relinquished. Exploration as a means of future growth has been de-emphasised with PTTEP instead looking at activities that will reset the growth trajectory quicker than through the drill-bit. Full details are provided in our report, and all data and analysis can be downloaded in excel and pdf format. 

Table of contents

    • Ten year performance summary
    • Upstream strategy
    • Exploration outlook
      • Evolution of exploration strategy
  • Investment and costs
    • Well data
    • Scope of this report
  • Production
    • Domestic E&P remains core, however is maturing
    • Slowing success in neighbouring southeast Asian sectors
    • Mozambique gas reserves firmed up
    • Latin American acreage may provide future upside and resource

Tables and charts

This report includes 23 images and tables including:

  • Basins drilled and all conventional & organic unconventional discoveries 2008-2017
  • 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
  • Full-cycle economics
  • Executive summary: Table 1
  • SWOT Grid
  • Gross exploration & appraisal wells by basin and sector
  • Exploration wells drilled and spend per well
  • Exploration success rates
  • Top 40 discoveries (2008 to 2017)
  • Volumes discovered by year
  • Volumes discovered by water depth
  • Volumes discovered by country
  • Volumes discovered by basin
  • Full cycle value creation by year
  • Exploration returns by year
  • 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

What's included

This report contains:

  • Document

    PTTEP oil and gas exploration summary

    PDF 975.23 KB

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