Passion to Explore for a Sustainable Future

Opportunity Day: Q3 2013
Paragon Hall , SET in City by Stock Exchange of Thailand November 21, 2013

1

Company Overview and Oil Price
2

9M 2013 Financial Performance 3Q Achievements and Operation Update

3

4

Key Takeaway

2 / 18

Leading Regional Exploration and Production Company
Largest publicly-listed E&P company in Southeast Asia
Content ceiling cut-off PTTEP is the 3rd largest company on the Stock Exchange of Thailand ("SET")…
(US$bn) PTT 28.12 PTT 65.3% ADVANC 22.11
Note: As of 31 October 2013

…is a subsidiary of PTT Public Company Limited
Shareholding structure

Others 34.7%

PTTEP

21.24

Content width cut-off

Content width cut-off

SCB

17.99

…is on par with sovereign ratings
PTTEP Thailand

SCC

16.18

Moody’s
S&P’s JCR

Baa1
BBB+ AAAA

Baa1
BBB+ AN/A

KBANK

13.79

BBL

12.08

TRIS

Note: Foreign currency credit rating except TRIS for local currency rating

CPALL

11.94

…and contributes more than 1/4 of Thailand's total petroleum production
PTTEP 27% Others 73%

PTTGC

11.27

AOT

9.45

Source: Bloomberg as of 18 November 2013

Source: Department of Mineral Fuels, PTT, PTTEP (July 2013)

3 / 18

986 0 2010 2011 2012 4000 3500 Proved (P1) Probable (P2) Contingent (2C) 3000 2500 46% 5-Year Average Proved Reserves Replacement Ratio (RRR) 2010 1.216 3.91x 2000 1500 1000 500 0 1.000 790 571 898 885 16 Years 500 0 50% P1 + P2 Reserves 29% (P1 + P2 + 2C) Resources Base 1.043 969 901 8 Years 2012 by Product Type Gas Liquid 3.000 3.21x 2011 1.986 3.404 Content width cut-off 1.000 2.Strong Reserves and Resources Base Expanding resources base via international projects to sustain future growth Content ceiling cut-off MMBOE 5. 2012 4 / 18 .350 2.986 4.000 35 Years 3500 3000 2500 2000 1500 1000 71% 1.786 901 29% 71% P1 42% 54% 58% P1 + P2 Reserves (P1 + P2 + 2C) Resources Base Note: 1 Based on total production of natural gas.10x 2012 0.200 Reserves / Resource Life1 4000 2012 by Geography Domestic International 3. crude oil (including bitumen) and condenstate of 314 KBOED for the year ended December 31.000 1.786 901 44% 56% P1 50% Content width cut-off 2.

1. Bloomberg as of Oct. 2013 . Recovery Downside drivers • • • Non-OPEC supply on-stream Fragile Chinese economy Prolonged Eurozone weakness Heavy-Light Differential Circumstances include: • • Volatility resulting from in US Refinery utilization rates Downward pressure on WCS o Delays in pipeline projects outwards from Canada o Increased bitumen supply from project ramp ups 5 / 18 Content width cut-off Content width cut-off 85 -4 Rest of 2013 Jan-12 Q1 12 Apr-12Q2 12Jul-12 Q3 12 Oct-12Q4 12Jan-13 Q1 13 Apr-13Q2 13 Jul-13 Q3 13 Oct-13 US$ / Barrel $ Difference Range $95 – $107 Mean $102. Reuters Oil Poll Oct.2 120 45 40 35 30 100 80 25 20 15 60 10 5 40 0 Rest of 2013 Q2 13 Jul-13 Q3 13Oct-13 Q1 12 Q2 12 Jul-12Q3 12Oct-12 Q4 12 Jan-13 Q1 13Apr-13 Jan-12 Apr-12 WTI Forecast (LHS) WTI-WCS (RHS) WTI (LHS) WCS (LHS) Sources : PTTEP.5 Brent-Dubai (RHS) Brent (LHS) Dubai (LHS) Brent Forecast (LHS) Content ceiling cut-off $ Difference 8 6 4 2 0 -2 Crude Oil Price Dynamics Upside drivers • • • Middle-east geopolitical risks OPEC supply disruption U.S. 29.Oil Prices Fundamental drivers still unchanged US$ / Barrel 135 125 115 105 95 Range $102 – $115 Mean $107.

1 Company Overview and Oil Price 2 9M 2013 Financial Performance 3Q Achievements and Operation Update 3 4 Key Takeaway 6 / 18 .

PTTEP Sales Volume and Average Product Price Average product price slightly increased along with liquid price Content ceiling cut-off Sales Volume BOED Liquid 264.00 97.68 65. Gas price excluding adjustment would be $ 7.30 109. Dubai ($/BBL) Avg.23 55.81 2012 7.190 300.000 265.000 Content width cut-off Volume Mix Content width cut-off 100.609 200.314 189.26 * Includes one-time adjustment (retroactive) of the conversion factor in Yadana and Yetagun’s gas price formula.56 108.03 103.77 44.89 9M 12 7.57 2011 6.065 92.982 183.27 64.00 102.21 Gas 46% Liquid 54% Revenue Mix 103.240 269.923 290.848 Gas 9M 2013 90.52 73.52 99.43 103.005 78.385 186. ($/BOE) Avg.83 78.392 179.575 76. HSFO ($/BBL) (High Sulphur Fuel Oil) 2010 5.000 188.82 64.02* 99.86 109.49 105.96 105.047 275.771 Gas 65% Liquid 35% 0 Sales Price Gas ($/MMBTU) Liquid ($/BBL) Weighted Avg.97 /MMBTU for 9M 13 7 / 18 .11 72.776 100.59 9M 13 8.

3 5 Year Average Organic F&D 13.75 2.7 14.77 2.80 3.1 14.74 * Exploration and Appraisal Wells ** Exclude diluent cost for blending bitumen in KKD Oil Sands project Note : The formulas for calculating ratios are provided in the supplementary section for your reference 8 / 18 .70 28.75 1.09 2.85 7.34 Success Ratio* 15:19 11:25 43:54 26:38 30:37 DD&A Royalties G&A Exploration Exp.75 4.72 4.Operating Performance Slightly higher costs in-line with Montara first sales Content ceiling cut-off Cash Cost $/BOE Unit Cost (US$/BOE) 2010 2011 2012 9M 13 9M 12 40 32.61 7.53 5.73 7.22 30 32.28 4.95 5.09 28.96 9M 12 13.45 5.67 2.24 5. 0.67 2.41 31.44 2.55 6.06 2011 11.82 21.61 9M 13 14.5 14.67 Content width cut-off 20 13.90 19.11 5.54 Lifting Cost 5 Year Average F&D Cost 3.39 15.17 N/A N/A Drilling Success Ratio (Number of Successful wells : Total*) 0 2010 10.97 N/A N/A Content width cut-off 10.86 23. ** 4.90 Operating Exp.35 4.40 1.73 2012 13.9 10 13.

944 3.970 million share ) If based on the weighted average number of shares during the year .659 1.55 US$ 9 / 18 .171 3.814 4.46** 0.468 1.42 0.549 11 Content width cut-off EBITDA Margin (%) 71 69 70 72 72 0 Content width cut-off Operating Cashflows (MMUS$) 2.455 3.021 5.380 1.307 32 Net Profit (MMUS$) Net Profit before non recurring items Gain (loss) from non recurring items* Earnings per Share (US$) 1.685 7.049 2.44 0.816 3.544 5.42 (4) ** Based on number of shares as of 31 Dec 12 (3.846 1.40 0.Financial Highlights (1 / 2) Maintaining strong EBITDA margin and operating cash flows Content ceiling cut-off 2010 2011 2012 9M 13 9M 12 YoY(%) Total Revenue (MMUS$) 4.607 1.397 15 1.505 14 88 (191) (153) (113) (108) (5) 0.532 5.908 3. EPS = 0.292 1.720 1.081 9 EBITDA (MMUS$) 3.660 2.999 1.

48 0.304 4.600 5.02 31 December 2012 19.35 0.Financial Highlights (2 / 2) Manage capital structure to match with nature of business Content ceiling cut-off (Unit : MMUS$) Asset Liability Total Interest Bearing Debt* Equity Content width cut-off 31 December 2010 10.54 3.50 3.312 0.78 US$ THB 63% 37% THB 3% CAD 13% US$ 87% CAD 11% US$ 89% Debt Structure* US$ 97% Weighted Average Cost of Debt* (%) [Fixed : Floating] Average Loan Life*(Years) * Exclude Hybrid bonds 3.99 [75:25] 7.820 3.524 Content width cut-off Debt to Equity (x) Debt to EBITDA (x) 0.828 9.09 10 / 18 .873 6.637 8.78 30 September 2013 20.69 [90 : 10] 3.286 2.96 3.773 10.926 3.12 [84 : 16] 3.711 0.81 31 December 2011 14.131 7.35 0.072 11.99 [79 : 21] 7.408 0.694 5.61 1.

00 2009 2010 2011 2012 9M 2013 2.00 2.61 2.48 0.48 1.00 25% 0% 11 / 18 .55 1.20 2.79 3.80 3.Dividend PTTEP’s policy : payout ratio at least 30% of net income Content ceiling cut-off Dividend Payment History 1H 2H Payout Ratio 10.00 2.00 40% Content width cut-off 40% 40% 38% 37 % 50% Content width cut-off 5.

Anadarko. Hess. BG. Statoil. Petrobras and Ecopetrol Calendar Year Return On Equity as defined by CapIQ source: Net Income from Continuing Operations / ((Beginning of the Year Total Equity + End of the Year Total Equity)/2) LTM = Latest Twelve Months. Santos. Apache. Inpex.Consistent Top Quartile Return On Equity PTTEP has consistently been a top performer amongst peers1 in terms of Return On Equity2 PTTEP’s ROE (1) (2) (3) Comparable Peers include CNOOC. Marathon Oil. ONGC. Q4 2012 . Petrochina. OMV.Q3 2013 for companies which have reported Q3 2013 results . Sinopec. ENI. Murphy.

1 Company Overview and Oil Price 2 9M 2013 Financial Performance 3Q Achievements and Operation Update 3 4 Key Takeaway 13 / 18 .

39 0. 1 Content width cut-off Vietnam and Mozambique Content width cut-off  Completion of USD 500 million bond issuance …through Consistently “Safer” Practices 1.81 0.24 0.19 0. PTTEP‘s safe practices 14 / 18 .20 2009 2010 2011 2012 PTTEP 9M 2013 Industry Benchmark Note : 1) ZPQ = Zawtika Processing and Living Quarter From top to bottom : ZPQ sail-away in October 2013 . Belford Dolphin (Source : Fred-Olsen Energy) .7 bn with 14% growth YoY  Landmark sail-away and installation of ZPQ for Zawtika project  Successful exploration and appraisal programs in Myanmar.5 0.59 0.0 0.Key Achievements in Q3 2013 Remarkable operating results with solid exploration progress achieved Content ceiling cut-off Strong Operations with Robust Financial Management…  9M 2013 recurring net profit of US$ 1.5 1.0 2008 Lost Time Injury Frequency (LTIF) 1.

MTJDA. S1. Mozambique LNG) Development Myanmar M11 Deepwater drilling and post-drilling evaluation Zawtika & Cash / Maple Begin appraisal drilling Algeria HBR Begin drilling in 2nd exploration phase Myanmar M3 Begin appraisal drilling Continue evaluation of discovered prospects (Myanmar. Vantage Drilling 15 / 18 . Anadarko. Cash/Maple) and study new frontiers Exploration & Appraisal Safety Record LTIF below industry average M&A Value-accretive producing assets Financial Management Strong discipline to maintain credit rating and support future growth Source : Company pictures. Yetagun) Production Content width cut-off Content width cut-off KKD Leismer Development activities to maintain/increase production Mozambique Area 1 Announce FID Continue development of long-term growth projects (KKD Leismer Expansion & Corner. Yadana. Algeria HBR.Footprint for Next 12 Months Promising growth from Zawtika and Algeria start-ups with intensive exploration programs Content ceiling cut-off Q4 2013 Montara Ramp-up to 30 KBPD 2014 Zawtika Commercial gas delivery Algeria 433a & 416b First oil Maintain production plateau for legacy assets (Bongkot. Arthit.

1 Company Overview and Oil Price 2 9M 2013 Financial Performance 3Q Achievements and Operation Update 3 4 Key Takeaway มีประสิทธิภาพ โปร่งใส ก้าวไกล มันคง ่ ปตท.สผ. รณรงค์สง ่ เสริม “บรรษัทภิบาล” 16 / 18 .

รณรงค์สง ่ เสริม “บรรษัทภิบาล” 17 / 18 .Key Takeaway Volume  Volume growth expected at 6% in 2013 despite setbacks from Montara delay and unplanned incidents  2014 growth at least 10% mainly from Montara full-year production and Zawtika start-up Prices  Maintain strong selling prices by end of 2013  Gas prices to improve in 2014 from Zawtika start-up Exploration  Maintain high exploration success rate with continued activities in Myanmar M&A  Opportunities in producing assets ZPQ completed installation in Myanmar offshore.สผ. October 2013 มีประสิทธิภาพ โปร่งใส ก้าวไกล มันคง ่ ปตท.

com OR Contact us via email address at IR@pttep.Q&A For more information.com OR Call us at +66 2 537 4000 มีประสิทธิภาพ โปร่งใส ก้าวไกล มันคง ่ ปตท. please visit our website at http://www.pttep. รณรงค์สง ่ เสริม “บรรษัทภิบาล” 18 / 18 .สผ.

political. the Company discloses petroleum reserves and resources that are not included in the Securities Exchange and Commission of Thailand (SEC) Annual Registration Statement Form 56-1 under “Supplemental Information on Petroleum Exploration and Production Activities”. on a given date. This presentation may contain the terms “proved reserves”. reserves and resources are stated at the Company’s g ross basis. or that the Company’s assumptions are correct. Contingent Resources . While the Company periodically obtains an independent audit of a portion of its proved reserves. can be estimated with reasonable certainty to be commercially recoverable. from known reservoirs and under current economic conditions. The reserves and resources data contained in this presentation reflects the Company’s best estimates of its reserves and resources. no independent qualified reserves evaluator or auditor was involved in the preparation of reserves and resources data disclosed in this presentation. statements. or technological. Probable Reserves . Unless state d otherwise. Content width cut-off Content width cut-off Proved Reserves . environmental.Contingent resources are defined as those quantities of petroleum which are estimated. Petroleum Reserves and Resources Information In this presentation.Proved reserves are defined as those quantities of petroleum which. forecasts and projections contained herein reflect the Company’s current views with respect to f uture events and financial performance. by analysis of geological and engineering data. Unless stated otherwise. and government regulations. These views are based on assumptions subject to various risks.Probable reserves are defined as those unproved reserves which analysis of geological and engineering data suggests are more likely than not to be recoverable. to be potentially recoverable from known accumulations. but which are not currently considered to be commercially recoverable. . from a given date forward. The reasons for non commerciality could be economic including market availability. operating methods. “probable reserves”. the Company adopts similar description as defined by the Society of Petroleum Engineers. and/or “contingent resources”. Actual results may differ materially from those projected. No assurance is given that these future events will occur.Disclaimer Content ceiling cut-off Forward-looking Information The information.

9. 3. Content width cut-off PTTEP Projects Overview Corporate Social Responsibility Human Rights Shareholding Structure Corporate Structure Management Team PTT Value Chain Thailand’s Energy Outlook Ratio Formulas Content width cut-off 4.Supplementary Index Content ceiling cut-off 1. 5. 8. 7. 2. 6. .

115 BPD in 9M 2013 • Successful drilling of an appraisal well in area H5 in August 2013 with further development plan to maintain production rate at 40.5% interest) • Production / Ramp-up Projects Development / Startups Projects Exploration / Appraisal Projects Average crude production of 45.533 BPD in 9M 2013 S1 (100% interest) Content width cut-off Bongkot South Vietnam 16-1 • Reached the highest production capacity record ever at 37.1 / 9 .396 BPD in 9M 2013 Arthit (80% interest) • S1 Vietnam 16-1 Average production volume of 235 MMSCFD of natural gas and 9.000 – 45.000 BPD Supplementary 1.407 BPD of condensate in 9M 2013 • Development plan in place for nearby field (G8/50) to commence production in 2015 via Arthit's central processing platform Bongkot Arthit Vietnam 16-1 (28.4% interest) • Bongkot S1 Average natural gas production of the overall Bongkot field at approximately 924 MMSCFD in 9M 2013 • Average condensate volume of approximately 32.South East Asia: Thailand and Vietnam Solid regional position with legacy assets to maintain plateau Content ceiling cut-off Bongkot (44.890 BPD in February 2013 Content width cut-off • Average crude production of 33.

respectively Appraisal drilling campaign in M3 completed in August 2013.490 BPD of condensate in 9M 2013 Note : 1) ZPQ = Zawtika Processing and Living Quarter Supplementary 1. which are expected to be completed by 4Q 2013 Drilling of four exploration wells planned in 2014 and 2015 MD-7 and MD-8 (100% interest) • Preparation for 2D seismic acquisition Yadana (25. laying of intra-field gas pipelines and main offshore gas export pipeline In process of drilling development wells.5% interest) • Average production volume of 767 MMSCFD of natural gas in 9M 2013 Production / Ramp-up Projects Development / Startups Projects Exploration / Appraisal Projects Yetagun (19. with gas and condensate discoveries M11 1st exploration well (deep water) spudded in late September 2013 Content width cut-off Content width cut-off PSC-G and EP-2 (90% interest) PSC-G and EP-2 M3 Zawtika M11 Yetagun MD-7 & MD-8 Yadana • • Conducting exploration activities with 2D seismic acquisition. offshore pipelines commissioning and onshore pipelines installation Commercial gas delivery expected in 1Q 2014 at DCQ 300 MMSCFD M3 (80% interest) & M11 (45% interest) • • • Divested 20% interest in M3 to MOECO and 40% and 15% interests in M11 to Total and JX NOEX.South East Asia: Myanmar One of the major players with high potential blocks Content ceiling cut-off Zawtika (80% interest) • • • Progress of ZPQ installed at Zawtika Myanmar Offshore development Completed installation of ZPQ1 and 3 wellhead platforms.3% interest) • Sales volume averaged 402 MMSCFD of natural gas and 9.2 / 9 .

3 / 9 . with Anadarko estimating total gas in place to approach 100 TCF • Received Reserve certification sufficient for two 5MMTPA trains • • Content width cut-off • • Awarded competitive FEED contracts: offshore gathering and onshore construction Ongoing negotiation to secure commercial LNG agreements Content width cut-off Drilling of 8 exploration and appraisal wells were completed with 5 successful discoveries in 9M 2013 Targeting first production and gas sales by late 2018 or 2019 Cost-advantageous LNG development • • Secured land for LNG park: 17. Eni and Anadarko signed a HOA establishing principles for the coordinated development of common natural gas reservoirs in the offshore Mozambique • Source: Anadarko Supplementary 1.5% interest) Advancing towards 50 MMTPA • Discovered significant resource estimated at 35 to 65 TCF of recoverable natural gas.East Africa: Mozambique East Africa is positioned for Asia LNG Market Content ceiling cut-off Area 1 (8.000+ acres in Cape Afungi Estimates lower development costs than the competing LNG developments currently under development that are targeting the Asian market In December 2012.

US$212m has been received to date (as of September 30.000 BPD with first crude offload in August 2013 Expects production ramp-up following the completion of an additional production well and hook-up of the subsea wells by early 2014 Content width cut-off Environmental cleanup. well control and asset damage are insured events.Australia Ensure smooth Montara production ramp-up and Cash/Maple development Content ceiling cut-off Montara (100% interest) • • • • Content width cut-off Montara Venture FPSO Developing via an FPSO and wellhead platform located at the field First production began in June 2013 through the introduction of hydrocarbons to the Montara Venture FSPO Current production at approximately 12.4 / 9 . 2013) • • Cash / Maple Montara Cash / Maple (100% interest) • • Plan to drill more appraisal wells in early 2014 to confirm resources potential Currently in the process of considering commercial options for the development of the field Production / Ramp-up Projects Development / Startups Projects Exploration / Appraisal Projects Supplementary 1. in connection with the Montara Incident Of the amount recoverable under PTTEP AA's insurance policy.

760 BPD • Leismer Area: Development activities to maintain/increase production in 2014 • Leismer Expansion: Leismer Hangingstone Thornbury South Leismer Leismer Expansion Corner • • • • Final Investment Decision (FID) is expected by 3Q 2014 Plans to increase production capacity to 40.North America: Oil Sands KKD Leismer successful ramp-up continues along with vigorous appraisal program Content ceiling cut-off Oil Sands KKD (40% interest) • • • Expected project life of over 40 years and utilizes an in-situ oil sands project using SAGD technology1 First production with full SAGD technology began in January 2011 2012 performance • 2012 bitumen production volume for Leismer area – 16.000 BPD by 2017 • Corner: FID is expected by 2Q 2014 Production of the Corner plant is expected to start in 2017/18 Production / Ramp-up Projects Development / Startups Projects Exploration / Appraisal Projects Notes: 1 SAGD method injects steam into the bitumen reservoir to heat the bitumen and separate it from the sand. after which the bitumen is pumped to the surface 2 Steam to oil ratio Supplementary 1.5 in 2012 • Content width cut-off 2013 and forward plan • 9M 2013 average bitumen production of 14.343 BPD Content width cut-off Courtesy of Statoil • SOR2 maintained at ~2.5 / 9 .

63% 2% 33.66% 16.5k BPD  Drill development wells and install wellhead platforms 9 10 11 12 13 G4/48 L53/43 & L54/43 PTTEP 1 S1 Sinphuhorm 5% 100% 100% 100% 20% 8 MMSCFD 26 MMSCFD Crude: 2k BPD Crude: 176 BPD Crude: 304 BPD Crude: 33k BPD -       Drill Exploration wells Apply to obtain the right to begin production activities Offset field decline and enhance crude oil recovery Maintain production level above 30.6 / 9 .75% 35% 15% 5% 80% 51% 21.000 BPD Continue Exploration activities Drill Development well 14 MTJDA 50% Hess Apico ExxonMobil PetronasCarigali 35% 35% 10% 50% 98 MMSCFD Condensate: 442 BPD 314 MMSCFD Condensate: 7.4445% 891 MMSCFD Condensate: 32 k BPD 647 MMSCFD Condensate: 19 k BPD 380 MMSCFD Condensate: 16k BPD 14 MMSCFD 1 MMSCFD -  Drill Exploration / Development wells 5 Content width cut-off Contract 3 (Unocal III) Contract 4 (Pailin) E5 G4/43 5% Crude: 27k BPD  Drill Development wells Content width cut-off 6 45% -  Drill development wells and install wellhead platforms 7 8 20% 21.2222% 71.3333% 22.375% Crude: 4.4 k BPD N/A 108 MMSCFD N/A Crude: 27 k BPD     Ensure gas deliverability at 220 MMSCFD Drill Appraisal wells to appraise petroleum reserves and resources Exploration drilling planned for the beginning of December 2013 Drill Development wells PTTEP’s Share Partners 9M 2013 Average Sales Volume * Gas Oil and Other 2013 Key Activities 4 Bongkot 44.25% 23.75% 225 MMSCFD Condensate: 9.PTTEP Projects Information (1 / 4) Content ceiling cut-off Project Production Phase 1 2 3 Thailand Arthit B6/27 B8/32 & 9A 80% 60% 25% Chevron MOECO JX NOEX Chevron MOECO KrisEnergy PSTL TOTAL British Gas Chevron MOECO Chevron Hess MOECO ExxonMobil Chevron MOECO PSTL Chevron MOECO 16% 4% 40% 51.25% 23.25% 6.375% 71.71% 4.6k BPD -  Drill Development wells * Sales volume stated at 100% basis Supplementary 1.

4541% 19.3178% 10.4k BPD PetroVietnam SOCO TOTAL Chevron MOGE Petronas-Carigali MOGE Nippon Oil PC Myanmar (Hong Kong) PetroVietnam SOCO OPECO 50% 25% 31.8 k BPD   Montara: 1st oil achieved in June.5% 2% 14 MMSCFD 17 Vietnam 9-2 25% Crude: 5.5% - Crude: 44k BPD  Drill 1 appraisal well 21 PTTEP Australasia (PTTEP AA) 20%-100% (varied by permits) - Crude: 1.PTTEP Projects Information (2 / 4) Content ceiling cut-off Project Production Phase Overseas 15 Canada Oil Sands KKD Oman 44 40% Statoil 60% Bitumen: 15 k BPD    Maintain production rate Continue development of Leismer Expansion and Corner projects Conduct new 3D seismic acquisition over the western part PTTEP’s Share Partners 9M 2013 Average Sales Volume * Gas Oil and Other 2013 Key Activities 16 100% 40 MMSCFD Condensate: 3.24% 28. to ramp up production from subsea wells and drill additional production well Test commercial options for the development of the Cash/Maple field 2013 Key Activities Project Development Phase : Thailand 22 L22/43 Overseas 23 Algeria 433a & 416b (Bir Seba) Myanmar Zawtika (M9 & a part of M11) PTTEP’s Share Partners 100%  Production license approved for Wang Phai Sung Area 35% PetroVietnam Sonatrach Myanma Oil and Gas Enterprise (MOGE) 40% 25% 20%      Drill Production wells Continue Engineering.5% 763 MMSCFD - Content width cut-off Content width cut-off 19 Yetagun 19.3178% 389 MMSCFD Condensate: 9k BPD -  Complete FEED for the Yetagun North Project and begin its development phase 20 Vietnam 16-1 28.26% 15% 30.00140% 20.4k BPD  Maintain production rate 18 Yadana 25.7 / 9 .90878% 41% 28. Procurement & Construction (EPC) work Continue development activities First gas expected in December 2013 Daily contractual quantity at 300 MMSCFD (80% to Thailand and 20% to Myanmar) 24 80% * Sales volume stated at 100% basis Supplementary 1.

33% 28.6%    Prepare for Exploration Phase 2 Completed evaluation work and prepare for relinquishment (pending government approval) Drill 2 Exploration wells Content width cut-off 30 Content width cut-off 31 32 33 34 35 36 37 Indonesia South Mandar Indonesia Malunda Indonesia Sadang Indonesia South Sageri Myanmar M3 Myanmar M11 New Zealand Great South Vietnam B & 48/95 34% 100% 30% 20% 80% 45% 18%          Continue G&G studies Continue G&G studies Continue G&G studies Continue G&G studies Received approval from Myanmar Government on M3 farm-out to MOECO Drill 4 appraisal wells Received approval from Myanmar Government on M11 farm-out to TOTAL & JX NOEX Drill1 exploration well In decision of drilling Exploration well 38 8.38% 25.5%  Negotiate a GSA with the Vietnamese government 39 Vietnam 52/97 7%  Negotiate a GSA with the Vietnamese government Supplementary 1.62% 23.5% 33.5% 43.33% 33.33% 28.33% 15% 33% 33% 40% 30% 35% 45% 20% 40% 15% 50% 18% 14% 42.33% 28.8 / 9 .5% 51% 33.4% 30% 19.PTTEP Projects Information (3 / 4) Content ceiling cut-off Project Exploration Phase Thailand 25 26 27 A4.33% CNOOC Sonatrach Resourceful Petroleum SPC Murphy INPEX PT Pertamina Hulu Energi Semai II Talisman TOTAL Talisman TOTAL Talisman TOTAL MOECO TOTAL JX NOEX Shell OMV Mitsui E&P Chevron MOECO PVEP Chevron PVEP MOECO 24. 5 & 6/48 G9/43 L21/48 & L28/48 100% 100% 70% Resourceful Petroleum (Thailand) 30%    3D Seismic acquisition and processing Pending activities and waiting for final boundary resolution (overlapping area Thai – Cambodia) Drill 1 Exploration well in L28/48 and conduct G&G studies PTTEP’s Share Partners 2013 Key Activities Overseas 28 29 Algeria Hassi Bir Rekaiz Cambodia B Indonesia Semai II 24.

L11B.25%.20% 15%.15% 45%. ENH. Total 10% 36. Premier. BG. Bharat Petroleum.5% WinPreciousResources Anadarko.9 / 9 .6% 40%. Pan Cont.40%       2D seismic acquisition Drill Exploration and Appraisal wells Complete FEED / FID for Mozambique LNG Project Completed 2D seismic acquisition PTTEP’s Share Partners 2013 Key Activities 42 10% 43 25% 15% 10% Completed 2D/3D seismic surveys Content width cut-off Content width cut-off 44 Drill Exploration wells 45 100%   Signed PSC in FEB 2013 Preparation 2D Seismic (selecting contractors) PTTEP project relinquished during 2013 Project Exploration Phase Overseas Australia WA-423-P 30% Murphy Diamond Resources 40% 30%  Completed the relinquishment of permit in 3Q 2013 PTTEP’s Share Partners 2013 Key Activities Supplementary 1. L7. Premier.11. Mitsui.20%. Videocon Anadarko.5%.10%. ENH. L12 Myanmar MD 7 and MD 8 90% 8. Maurel&Prom. Pan Cont. Anadarko.PTTEP Projects Information (4 / 4) Content ceiling cut-off Project Exploration Phase Overseas (cont’d) 40 41 Myanmar PSC-G and EP-2 Mozambique Rovuma Offshore Area 1 Mozambique Rovuma Onshore Kenya L10A Kenya L10B Kenya L5. L11.27.10% 35.15% 50%.7% 15%.7%. Wentworth Resources BG.

made good use of the gas in a community enterprise at Nong Tum • The PTTEP Ruam Jai Patthana Employee Club .Corporate Social Responsibility From Natural Treasure to Intellectual Wisdom and Environmental Conservation Content ceiling cut-off Conservation of Natural & Environment Resources • The Reforestation Project 200.000 Rais (accumulation from 2013 to 2020) • The Reforestation of Mangrove Project 746 Rais in Chantaburi • Thai / Natural Heritage & World Heritage projects : 5 Sites • The reforested mangrove project in Bang Khun Thian • Hornbill and Tiger Research Projects Content width cut-off Health & Educational development • Mobile Library Project : for 8 schools in Khon Khaen • Educational Promotion / Health and Hygiene Development in Republic of the Union of Myanmar • PTTEP Tutor Camp in areas of operation Content width cut-off Quality of life Improvement • Natural Gas for Community Farmers and Environment Project.committed to social improvement activities • Local Culture Conservation : School mini-farm in Khon Kaen Supplementary 2 / 9 .

strictly prohibiting child labor and forced labor • Makes fair employment and fosters safe work environment. regardless of local laws on human rights. who have no record of any infringement of human rights • Promotes communication between executives and employees through employee empowerment • Is ready to provide proper and necessary benefits to enrich employees' quality of living Content width cut-off Content width cut-off Supplementary 3 / 9 . partners and customers above all else Content ceiling cut-off PTTEP… • Is responsible for labor rights in any operational area. in which PTTEP operates • Works only with ethical partners.Human Rights Well-being of employees.

with the remaining 15.8% of PTTEP’s total sales volume for 2012 •  Synergies between PTTEP and PTT in the natural gas value chain • • PTTEP provides PTT with access to gas production PTT provides leverage and support for PTTEP’s relationships with other government bodies and agencies • Baa1 / BBB+ (Stable Outlook) The relationship with PTT allows PTTEP to offer integrated solutions to clients Notes: 1 51.3%2 • PTTEP fulfills a significant proportion of PTT's petroleum requirements. or Gas Sales Agreements (GSAs).Strong Relationship with Majority Shareholder Supported by strong relationships with majority shareholder PTT and Thai Government Content ceiling cut-off Government of Thailand Baa1 / BBB+ (Stable Outlook) •  PTTEP is Thailand’s national energy company and is critical to the Thai economy • PTTEP is the sole upstream oil & gas arm of PTT PCL. 2013 2 Ownership as of August 9. as of March 11.4%1 • PTTEP supplies nearly a third of Thailand's total natural gas production Serves an important role of exploring and contributes to securing Thailand's energy needs Content width cut-off Content width cut-off •  Stable revenue stream from long-term natural gas sales contracts with PTT • PTTEP is engaged in fixed contracts (generally 25 to 30 years).3% held by the state-controlled Vayupak Fund I.1% is directly held by the Government of Thailand (Ministry of Finance). with PTT Baa1 / BBB+ (Stable Outlook) 65. Thailand's national oil and gas company and the largest company on the SET • 66. 2013 Supplementary 4 / 9 . with the latter purchasing 83.

Finance Strategic Internal Control. Construction and Maintenance Division Supplementary 5 / 9 . Supply Chain. Reservoir Engineering & Exploration Group Exploration & New Venture Division Development and Engineering Group Field Development Planning Division Note: Updated as of 1 March 2013 Geosciences & Reservoir Engineering Technology Division Engineering. Health & & Health Environment Environment Division Division Corporate Corporate Secretary Office Office Secretary Finance and and Strategic Strategic Finance Information Technology Technology Division Division Information Office of President & CEO Strategy and Business Development Group Canada Asset Business Development Division 1 Domestic Asset Group Bongkot Asset Arthit Asset S1 Asset Business Development Division 2 Business Development Division 3 Corporate Strategy Division Enterprise Risk and Management. Communication Health & and Reputation Environment Division Division Safety. Security. Security. Security. and Insurance Division Information Technology Human Resources and Business Services Group Human Resources Resources Division Division Human Finance and Strategic Corporate Knowledge and Information Technology Division Technology Management Division Operations. and Technology Group Supply Chain Management Division Well Technology Division International Asset Group International Asset Australia Asset Myanmar Asset East Africa Asset Geosciences. Safety.Corporate Structure Board of Directors and several committees to ensure transparency and integrity Content ceiling cut-off Board of Directors Corporate Governance Committee Audit Committee Nominating Committee Remuneration Committee Risk Management Committee Internal Audit President and Chief Executive Officer Content width cut-off Legal Division Division Legal Finance and Accounting Group Accounting Division Division Accounting Content width cut-off Corporate Safety.

Geosciences Division • Education: Ph. University of Tulsa. Strategy and Capability Development Division. Vice President.S. PTT PCL. (Mathematics). Thailand Securities Analysts Association of Thailand (SAA) 11 February 2013 Supplementary 6 / 9 . USA Thai National Anti-Corruption Commission 14 August 2013 Content width cut-off Best Public Company 2013 Industry Awards Content width cut-off Asdakorn Limpiti—Executive Vice President • Strategy and Business Development Group • Experience: Vice President. M..S. Vice President. Thaioil PCL.S. Corporate Strategic Finance.D. Bongkot Asset • Education: M. USA. Thailand Selected Awards NACC Integrity Awards Somkiet Janmaha—Executive Vice President • Geosciences. Vice President. Strategy and Capability Development Division • Education: M. Director. USA The Corporate Governance Asia Magazine 3 April 2013 Best CEO & CFO Awards Pairoj Rangponsumrit—Executive Vice President • Domestic Asset Group • Experience: Senior Vice President. Corporate Funding and Financial Management Department • Education: M. (Business Administration). PTT ICT Solutions Co. Thailand Asia’s Best CEO (Investor Relations) Award.PTTEP Management Team Extensive experience and widely recognized in the petroleum industry Content ceiling cut-off Experienced Management Team Tevin Vongvanich—Director. Chairman.. (Chemical Engineering). Ltd.A.. Thammasat University. (Chemical Engineering). Production Development Division.. Bangchak Petroleum PCL. Reservoir Engineering and Exploration Group • Experience: Vice President. Asia’s Best CSR Award and Best Investor Relations Company Award Somporn Vongvuthipornchai—Executive Vice President • International Asset Group • Experience: Vice President. PTT International Co. PTT Chemical PCL. (Geophysics).Sc. Vice President. Corporate Finance of PTT PCL. USA. University of Michigan. B. University of Houston. Vice President. S1 Asset • Education: M. Ltd. USA Money and Banking Magazine 14 June 2013 Penchun Jarikasem—Executive Vice President • Finance and Accounting Group • Experience: Executive Vice President. PTT Aromatics and Refining PCL. International Assets Division. Vice President. Mahidol University. Geosciences Division. Chulalongkorn University. (Petroleum Engineering).Eng. (Chemical Engineering). Stanford University.SE. Rice University. Bangkok Aviation Fuel Service PCL. President & Chief Executive Officer • Experience: CFO. (Petroleum Engineering). Thailand Management Association (current) • Education: M.

aspx) Supplementary 7 / 9 .pttplc. website (http://www3.The Exploration & Production Flagship of PTT GROUP An integral part of the PTT Group value chain Content ceiling cut-off Content width cut-off Content width cut-off Source: PTT Plc.com/en/default.

Thailand’s Energy Outlook Natural gas – energy for the future Content ceiling cut-off Energy Consumption Nuclear 1% 0% 2% 17 % 4% 19% Hydro Coal & Lignite MMSCFD @ 1000 BTU KBOED Gas Consumption 2.000 Gas Consumption By Sector 6.000 4.000 21% 60% Household & Petrochemical 4.000 MMSCFD @ 1000 BTU Gas Market Gas Demand 15% Industry 14% 6% 7% NGV 5.784 MMSCFD 4.000 LNG Contracted Import 19% 3.500 2.816 MMSCFD Content width cut-off 400 0 2007 40 % 42% Petroleum Product 2.800 2.000 0 2009 2010 2011 2012 2013 2014 2015 2016 Source : PTT & EPPO 1.000 2.000 5.000 1.000 Content width cut-off 0.66% S O N D 2008 2009 2010 2011 2012 2013 2014 2015 2020 Source : EPPO Source : PTT & PTTEP MMMSCFD 6.000 4.000 Jan – Sep 2012 Jan – Sep 2013 Growth J F M A M J J A 4.000 3.000 Power Contracted Domestic 59% 1.000 3.600 1.400 2.200 800 5.500 3.000 0 2009 2010 2011 2012 2013 2014 2015 2016 Supplementary 8 / 9 .000 2.500 5.500 2013 2012 2011 40 % 34% Natural Gas 4.

of (Expl. of Acquisition Content width cut-off 5-Yr Additional Proved Reserves / 5-Yr Production Volume Reserves Life Index (Year) Success Ratio EBITDA EBITDA Margin Return on Equity Proved Reserves / Production Volume Number of wells with petroleum discovery / Total number of exploration and appraisal wells (Sales + Revenue from pipeline transportation) .Ratio formula Content ceiling cut-off Ratio Lifting Cost ($/BOE) Cash Cost ($/BOE) Unit Cost ($/BOE) F&D Cost ($/BOE) F&D Organic Cost ($/BOE) Content width cut-off Reserves Replacement Ratio Formula (Operating Exp. of (Expl. + Exploration Expense + SG&A + Royalty + DD&A) / Sales Volume (5 –Yr Avg.(Operating expenses + Exploration expenses + Administrative expenses + Petroleum royalties and remuneration + Management's remuneration) EBITDA / Sales Revenue Trailing-12-month net income / Average shareholders' equity between the beginning and the end of the 12month period Short-term loans from financial institution + Current portion of long-term debts + Bonds + Long-term loans from financial institution Total interest bearing debt/ Shareholders' equity Total interest bearing debt / Trailing-12-month EBITDA Dividend Payment / Net Profit Total Interesting Bearing Debt Total Debt to Equity Ratio Total Debt to EBITDA Ratio Dividend Payout Ratio Supplementary 9 / 9 . of additional reserves excluded 5 –Yr Avg. + SG&A + Royalty & SRB) / Sales Volume (Operating Exp. of Acquisition + 5-Yr Avg.+ Dev. Cost )) / 5 – Yr Avg. of additional reserves 5-Yr Avg.+ Dev. Cost )) / 5 – Yr Avg. – Transportation Cost – Stock Variation – Other expense not related to lifting) / Production Volume (Operating Exp.