Malaysia : The New Chapter of Growth

01 PTTEP’s Journey in Malaysia

02 Malaysia Overview

03 PTTEP’s Investment in Malaysia

04 Way Forward in Malaysia

PTTEP’s Journey In Malaysia
PTTEP’s 25 years Investments in Malaysia and continue…
Signed PSC for block SK410B ; Signed PSC The acquisition of Murphy’s
the 2015 Bidding Round for blocks SK417 and SK438 ; business in Malaysia
the 2017 Bidding Round
SK410B

First step in
Malaysia by
Signing PSC for
MTJDA

1994 2009 2016 2017 2018 2019

10% Investment in Signed PSC Multi-TCF Discovery

MTJDA 1st MLNG Train 9 by for block PM407 and PM415
Production PTT Global LNG SK410B

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01 PTTEP’s Journey in Malaysia

02 Malaysia Overview

03 PTTEP’s Investment in Malaysia

04 Way Forward in Malaysia

 Malaysia Upstream Overview

Country Upstream Overview

• 2nd Largest oil and gas producer in SEA
• Most oil and gas fields located in: Remaining Commercial Reserves
– Shallow waters off Peninsular Malaysia and Sarawak by Product
– Deepwater off Sabah
– Total remaining resources at around 15 bn BOE, with gas as a majority Liquid
• Current production to supply domestic demand in Peninsular Malaysia or convert to LNG Gas 26%
for export (Largest exporter in SEA) 74%
• All licenses are Production Sharing Contract (PSC)

Key Players by Remaining Resources Gas by Location Liquid by Location

Peninsular
Peninsular Sarawak 19%
16%
3rd Largest by resource size Sarawak 35%
Sabah
58% Sabah
26%
46%

Source: Wood Mackenzie. Resources estimates as of July 2019

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01 PTTEP’s Journey in Malaysia

02 Malaysia Overview

03 PTTEP’s Investment in Malaysia

04 Way Forward in Malaysia

PTTEP’s Investment In Malaysia
Third major platform in SEA

Arthit
Sabah H
Bongkot
Expected 1st gas in 2020*
(Gas)
JDA PFLNG2
18 KBOED 2018
(Oil)
(Oil/Gas)
Sabah K
PM415
SK417
SK410B (Oil/Gas)
Sabah
(Gas)

Peninsular SK438
(Oil/Gas)
PM407 SK405B
MLNG
complex
(Oil/Gas) 30 KBOED 2018
(Oil/Gas) (Oil/Gas)
SK309 & SK311
Sarawak
SK314A
Status
(Oil/Gas)
Production
Development
Exploration

* Volume stated represents net sale volume

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Producing Projects
Block K
General Information
Area Kikeh 247 sq.km
SNP 10.5 sq.km
GK 4 sq. km.
Location Deepwater,
Offshore Sabah
Product Start up August 2007
Production Type Oil
PTTEP’s Investment
Kikeh
PTTEP Sabah 56.0%
(Operator)
Kikeh FPSO
SNP
PTTEP Sabah 22.4% Key Activity in 2020-2021 : To maintain production
(Operator)
• Execute Kikeh Subsea Gas Lift – Phase 2, First Production Benefit in Q4 2020
GK
PTTEP Sabah 6.4% • Drill 4 development wells for Siakap North Petai (SNP) - Phase 2, First Production Benefit in Q1 2021
(Non-Operator) • Commence Field Development Plan for Kikeh Phase 3 in Q1 2020
Sales Volume (100%) in 1H 2019 • Complete Gumusut-Kakap (GK) (Non-Operated) Field Development Plan for Phase 3 Development in Q1 2020
Oil 22,300 BPD
(Operator)
Oil 125,600 BPD
(Non-Operator)
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Producing Projects

SK309 & SK311

General Information Key Activity in 2020-2021 : To maintain production
Area 903.7 sq.km
(East Patricia Field 13 sq.km.) • Drill 11 oil development wells, and 5 gas development wells in 2020
5 oil fields • Complete the fabrication of Pemanis topsides for Q3 installation. Pemanis First Gas in Q1 2021
4 gas fields
• Complete Field Development Plan for Sarawak Gas Phase 3 Development in Q4 2020
Location Shallow water, offshore
Sarawak
Product Start up May 2003 (Oil)
September 2009 (Gas)

Production Type Oil and Gas

PTTEP’s Investment
PTTEP Sarawak (Operator) 59.5%

East Patricia Field Patricia

PTTEP Sarawak (Operator) 42.0%

Sales Volume (100%) in 1H 2019

Oil 27,100 BPD

Gas 237 MMSCFD

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Development Project

Block H
General Information
Area Rotan Field 17.6
sq.km.
Remaining 2,693.8
sq.km.
Location Deepwater,
Offshore Sabah
Product Type Gas
PTTEP’s Investment
Rotan Field
PTTEP Sabah 56.0%
(Operator)
Key Activity in 2020-2021 : To ensure 1st gas target in 2020
Remaining Area
PTTEP Sabah 42.0% • Drill 4 development wells in 1H 2020
(Operator)
• PFLNG2 sail-away from Samsung shipyard, Korea, arrive and moor-up at final location in Q1 2020
Expected Full Capacity (100%)
• Tie-in wells to subsea manifolds. Pull in dynamic riser to the PFLNG2 in Q2 2020
Gas 270 MMSCFD
• First gas targeted in Q3 2020

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Malaysia Exploration Projects
Exploration project in 3 Clusters

Arthit
Sabah H
Bongkot

JDA
Sabah K
PM415
SK417
SK410B Sabah
Peninsular SK438
PM407 MLNG
SK405B complex

SK314A SK309 & SK311

3 Peninsular Malaysia Cluster Sarawak

• Apply Gulf of Thailand Model/Cluster

Development 1 Northern Sarawak Cluster
• Fully Explore all potential prospects
• Fully Explore all potential prospects
2 Southern Sarawak Cluster • Accelerate Exploration &
• Fully Explore all potential Development Work to serve Gas
prospects Market in Malaysia
• Synergy with nearby blocks • Synergy with nearby blocks

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Malaysia Exploration Projects
Top 10th World Discovery in Lang Lebah Exploration Well – Block SK410B

2019 Resources Discovery (MMBOE)

452
352 352 348
264

Nour-1 ST Tuk-1
Wood Mackenzie, Aug 19
Brulpadda- Kali Berau Dalam-2X Lang Lebah
1AX (RepsolIOGCan) (PTTEP) (ENI)
(TOTAL)
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Malaysia Exploration Projects
Discovery of Hidden Mountain 3,360m under sea bed

Largest Exploration Discovery

field of PTTEP History (34 Years)

Upsize potential

Key Activity in 2020-2021

1st Exploration Success in • Fully Explore remaining prospects
Malaysia Exploration Project • Accelerate Development work feeding
gas to MLNG

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 Malaysia Exploration Projects
The most active exploration activity in Malaysia
SK410B SK417

20 EA wells during 2020-2021

General Information
Area
Location
1,800 sq.km.
Shallow water of
offshore Sarawak
General Information
Area
Location
1,576 sq.km.
Shallow water of
offshore Sarawak
PSC July 2016 PSC March 2018
Commencement Commencement
PTTEP’s Investment
1 PTTEP’s Investment
Arthit

Bongkot
PFLNG2 PTTEP HKO 42.5% PTTEP HKO
(Operator) (Operator) 80%
JDA
Block H
7 Sabah K
PM415 PM407
PM415
7 General Information General Information
SK417 Area 4,117 sq.km Area 6,742 sq.km.
SK410B Block K Sabah Location Shallow water of
offshore Location Shallow water of
offshore
Peninsular Peninsular
PSC March 2019 PSC March 2019
Peninsular PM407
5 SK438
Commencement Commencement
PTTEP’s Investment PTTEP’s Investment
SK405B MLNG
PTTEP HKO 70% PTTEP HKO
complex
(Operator) (Operator) 55%
SK309, 311
SK314A
Sarawak SK405B SK314A SK438
General Information General Information General Information
Status Area 2,305 sq.km. Area 1,975 sq.km. Area 1,462 sq.km.
Location Shallow water of Location Shallow water of Location Shallow water of
Production offshore Sarawak offshore Sarawak offshore Sarawak
Development PSC November 2017 PSC March 2018
Commencement PSC May 2013 Commencement
Exploration Commencement
PTTEP’s Investment PTTEP’s Investment PTTEP’s Investment
x No. of Exploration Well PTTEP Sarawak PTTEP Sarawak PTTEP HKO 80%
(Operator) 59.5% (Operator) 59.5% (Operator)

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PSC SK410B
Speed up Lang Lebah Development Project

SK417
Exploration
Pearl A
Paprika
A Tetulang Baronai C Lang Lebah Development Strategy
Baronai Deep
Lang Lebah • Supply Gas to MLNG
B14
• 10-15 Years Production Plateau with 2C Resources
SK410B • Accelerate appraisal program in Q2’ 2020
Exploration
• Production Hub for exploration potentials and near-by stranded
gases
Distance
~160 km

50 km

Developing field
Lang Lebah
Exploration
Bintulu MLNG

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LNG Value Chain Investment : MLNG Train 9
10% Investment by PTT Global LNG

MLNG Tiga (Train 7-8) MLNG Train 9 – Overview

MLNG Satu (Train 1-3) Capacity 7.7MTPA
Capacity 8.4MTPA COD Mar 2003 Location Bintulu, Sarawak, Malaysia
COD Jan 1983 Asset Train 9
Phase Commercial: Jan 2017
Capacity 3.6MTPA
Contract Life 20 years
Petronas 65%
JX Nippon 10%
Partners PTT Global LNG 10%
Sarawak State 10%
Sabah State 5%

Key activity in 2020

• Keep maximizing LNG production up to plant
capacity
MLNG Train 9
Capacity 3.6MTPA • Continue to improve plant reliability & utility
COD Jan 2017 rejuvenation.
MLNG Dua (Train 4-6)
Capacity 9.6MTPA • Get ready for 2021 plant turnaround
COD May 1995

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01 PTTEP’s Journey in Malaysia

02 Malaysia Overview

03 PTTEP’s Investment in Malaysia

04 Way Forward in Malaysia

Way Forward in Malaysia

Maximize value & return of newly acquired assets

▪ Ensure smooth transition & Business continuity

▪ Enhance operational efficiency

Implement integration plan Identify Synergy & Value

Creation Opportunities

Accelerate Time to Market

▪ Accelerate exploration activities in Malaysia
▪ Quick monetization of discoveries
▪ Operations synergy
Plan to drill >10 Fast track development Malaysian Cluster
exploration wells in 2020 for SK410B Development

“Malaysia” as another growth platform for PTTEP’s further expansion in SEA

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Thank you and Q&A
You can reach the Investor Relations team for more information and inquiry through the following channels:

http://www.pttep.com +66 2 537 4000

IR@pttep.com

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