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“Introductory Remarks” on The 19 th Bidding Round

“Introductory Remarks” on The 19 th Bidding Round. Mr. Nopadon Mantajit Director General Department of Mineral Fuels 11 August 2005. “The 34 Years of our Success”. The Open of New Bidding Round is the Enhancing of New Discovery.

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“Introductory Remarks” on The 19 th Bidding Round

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  1. “Introductory Remarks” on The 19th Bidding Round Mr. Nopadon Mantajit Director General Department of Mineral Fuels 11 August 2005

  2. “The 34 Years of our Success” The Open of New Bidding Round is the Enhancing of New Discovery The 1st Round: Discovered of Erawan “The Beginning of Thailand E&P” The 6th Round: Sirikit & Namphong Fields “The succession of Onshore Exploration” The 13th Round: The Blooming of Flowers “Offshore Oil Discovery”

  3. Thailand’s Petroleum Balance Jan – May 2005 Unit: BOED Procurement Consumption 66% Refinery Oil Product 48 Crude 846 Gas 152 Gas 444 8 Refineries Total Capacity 1,042,000 BBLD Imported Oil Product 750 Total = 1,194 34% Export Crude 88 6 Gas Separate Plants 1,800 MMSCFD Crude 50 Condy 59 Domestic Oil Product 92 Gas 383 Total 142 Total = 1,576 34% of Procurement 44% of Domestic Consumption

  4. REGULATORY BODY ASSET Manager Management & Planning DMF Roles and Responsibilities Exploration Reserve Management Production Planning Development Investment Promotion Production Reserves

  5. Reserve Management Develop Unexploited Reserves Possible (P3) Probable (P2) Proved (P1) Explore New Reserves Resources Reserve - Seismic Acquisition & Processing - Drilling Wells (Exploratory, Appraisal)

  6. Development & Production Plan Short Term (5 years) Marginal Field Development Accelerate Development of Existing Field Medium Term (10 years) Reservoir Evaluation to Increase Production Preparing for Additional Sources (Piped Gas, or Others) Long Term (20 years) Manage the R/P Raito Stimulate E&P Activities

  7. Power Plants Petrochemical NGV Refineries Host Country Policy Investment Opportunities DMF Markets Unmanageable Factors Potential Resources

  8. The 19th Bidding Round 82 Blocks Onshore 64 Blocks Offshore 12 Blocks Andaman 6 Blocks 1 Year Period Collecting Application every 15 of the Month

  9. Law Reform Project The Current Regimes: “Feasible and Substantial Attractive” What’s New & Opportunity in the 19th Round Improving ourselves Reduce Work Flow and Speed Up the Approval Process Enhanced Marginal Field Development Incentive to Stimulate E&P Activities

  10. Potential Resources 4 Areas • Previous successes • N Central Oil Fields • GOT Oil & Gas Fields • N.E. Gas Fields • Cont. E&P Activities • Onshore Exploration • Development of Arthit • Innovation Technology • Phuhom Gas Field

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