Capex Data
Five-year Investment Plan (Year 2008 - 2012)
PTT Exploration and Production Public Company Limited (PTTEP) announces that the estimated Capital Expenditure and Operating Expenditure for the Company and its subsidiaries for the five-year period from 2008 to 2012 will be approximately Baht 286,898 Million. The expenditures have been revised to incorporate the latest work programs. At present, the Company has a total of 38 projects, consisting of the following three project types:
• Projects that are under production, including major projects such as Bongkot, S1, Pailin, B8/32 & 9A and Oman 44
• Projects that are under development and will start production in the future, including major projects such as MTJDA, Arthit, Arthit North, and Vietnam 9-2
• Projects that are under exploration, including major projects such as Myanmar M9 & M11, M3 & M4 & M7, and Vietnam 16-1 project
Details of the five-year investment plan (Million Baht)
2008
Capital Expenditure: 59,805
Operating Expenditure: 21,427
Total Expenditure: 81,232
2009
Capital Expenditure: 50,054
Operating Expenditure: 19,268
Total Expenditure: 69,322
2010
Capital Expenditure: 32,726
Operating Expenditure: 19,142
Total Expenditure: 51,868
2011
Capital Expenditure: 27,629
Operating Expenditure: 18,264
Total Expenditure: 45,893
2012
Capital Expenditure: 21,892
Operating Expenditure: 16,691
Total Expenditure: 38,583
2008 - 2012
Capital Expenditure: 192,106
Operating Expenditure: 94,792
Total Expenditure: 286,898
PTTEP’s 2008 EXPENDITURE PLANS FOR EXISTING PROJECTS ARE AS FOLLOWS:
Major Projects that are under production
Bongkot Project (PTTEP’s share 44.4445%)
Total expected average natural gas sales amount is 552 million standard cubic feet per day (MMSCFD). The Capital Expenditure is mainly for the construction of 8 wellhead platforms, the drilling of 27 development wells, 2 exploration wells and 2 appraisal wells.
S1 Project (PTTEP’s share 100%)
Total expected average crude oil sales amount is 19,263 barrels per day. The Capital Expenditure is mainly for the preparation of production area, construction of pipeline, drilling of 43 development wells, and 4 exploration wells.
Pailin Project (PTTEP’s share 45%)
Total expected average natural gas sales amount is 386 MMSCFD. The Capital Expenditure is mainly for the drilling of 67 development wells, and 9 appraisal wells, and the construction of platforms and pipelines.
B8/32 & 9A (PTTEP’s share 25%)
Total expected average crude oil sales amount is 44,987 barrels per day. The Capital Expenditure is mainly for the drilling of 56 development wells and 2 exploration wells, and the construction production platforms and pipeline.
Oman 44 (PTTEP’s share 100%)
Total expected average natural gas sales amount is 54 MMSCFD and condensate approximately 4,262 barrels per day. The Capital Expenditure is mainly for the drilling of 2 development wells, 3 exploration and appraisal wells, and construction of pipelines.
Major Projects that are under development and will start production in the future
MTJDA Project (PTTEP’s share 50%)
The current plan for the MTJDA Project is to start up gas production in the second half of 2009. Total expected production rate will be at 270 MMSCFD and will increase to 335 MMSCFD in 2010. The Capital Expenditure is mainly for the construction of production platform, living quarter platform, wellhead platforms, and drilling of 18 production wells.
Arthit Project (PTTEP’s share 80%)
The current plan for the Arthit Project is to start up gas production in the first quarter of 2008. Total expected production rate will be at 330 MMSCFD. The Capital Expenditure is mainly for the construction of 4 wellhead platforms, the drilling of 16 development wells, and geological and geophysical studies.
Arthit North Project (PTTEP’s share 100%)
The current plan for the Arthit North Project is to start up gas production, by using a Floating Production Storage and Off-Loading (FPSO) in 2008. Total expected initial production rate will be at 120 MMSCFD. The Capital Expenditure is mainly for the construction of 3 wellhead platforms, and the drilling of 27 development wells.
Vietnam 9-2 Project (PTTEP’s share 25%)
The current plan for the Vietnam 9-2 Project is to start up oil production in the second half of 2008. Total expected production rate will be at 20,000 barrels per day. The Capital Expenditure is mainly for the drilling of 4 development wells, and the preparation of a production platform.
Major Projects that are under exploration
Myanmar M9 & M11 Project (PTTEP’s share 100%)
The Capital Expenditure is mainly for the drilling of 3 exploration wells, 2 appraisal wells, geological and geophysical studies including basic engineering.
Myanmar M3 & M4 & M7 Project (PTTEP’s share 100%)
The Capital Expenditure is mainly for the drilling of 2 exploration wells and geological and geophysical studies.
Vietnam 16-1 Project (PTTEP’s share 28.5 %)
The Capital Expenditure is mainly for the drilling of 4 appraisal wells and geological and geophysical studies.
For the years 2008-2012, the expected average petroleum sales volumes per day based on existing projects are as follows (Barrel of Oil Equivalent per day)
2008: 223,334
2009: 250,194
2010: 261,491
2011: 278,299
2012: 251,778
Future Plans
No data yet.