PTT Exploration and Production Public Company Limited, Company Intelligence Report


#171650

148pages

GlobalData

$ 1000

In Stock


PTT Exploration and Production Public Company Limited (PTTEP) is a subsidiary of PTT Public Company Limited, which accounts for an equity stake of 65.3% in PTTEP. PTTEPs major operations include upstream activities and other associated business functions, such as the provision of transport and logistic support services, the construction of Floating Liquefied Natural Gas (FLNG) production vessels and other infrastructure-related projects. 

PTTEPs upstream operations are primarily located in onshore and offshore areas in Thailand. However, the companys operations also cover international areas, including Malaysia, Myanmar, Indonesia, Cambodia, Vietnam, Oman, Iran, Egypt, Algeria, Bahrain, Mozambique, Kenya, Australia, New Zealand and Canada. PTTEPs Exploration and Production (E&P) operations comprise more than 44 projects in 12 countries.

Scope

  • Key Highlights: This section provides detailed analysis on the companys overall oil and gas value chain, new projects, growth opportunities, new ventures, assets performance, Capex funding, geographical results of oil and gas operations. 
  • Goals and Strategies: This section provides the upcoming goals and strategies of the company. The section mainly goals and strategies followed by the company in order to meet its upcoming goals. 
  • SWOT: The reports SWOT section provides the internal strength, weakness, opportunities and threats of company to reflect its strategic positions in the market. 
  • Production and Development Overview: This section highlights the companys crude oil and natural gas production forecast from its legacy and upcoming assets by region and commodity mix for next five years. The report also covers the detailed information and analysis on the companys producing and development assets. 
  • Exploration: This section includes detailed explanation and analysis on the companys exploration assets resulted due to new discoveries, new drilling and other activities. 
  • M&A trends: This section mainly provides information and analysis on the companys recent assets transactions, joint ventures, acquisition, and divestment activities during the last one year. This section highlights the companys status as a buyer or seller during the analyzed period. 
  • Financial Forecast and Valuation: This section highlights the detailed financial statement forecast for next five years. With the financial statement forecast, this section also provides intrinsic value of the company by using Net Asset Valuation method. 
  • Peer Group Analysis: This section compares the companys performance with its peer group on the basis of share prices, financial ratios, operational and financial parameters and other related parameters. 
  • Financial and Operational Metrics: This section covers the companys historical performance on several financial and operational parameters such as Production and Reserves, Reserves Replacement, Costs Incurred, Acreage, Wells, F&D Costs, Oil and Gas Revenue and Expenses etc.

Reasons to buy

  • The report will enhance the decision-making capability in a more rapid and time sensitive manner.
  • Provide detailed analysis to those who are interested in knowing the companies existing and future business strategies.
  • Provide in-depth analysis on the companies E&P profiles along with the exploration and M&A updates. 
  • Provide valuable insights to those who are tracking oil and gas markets and wants to know the intrinsic value of the companies. 
  • Use the analysis for strategy and planning, M&A identifications, and competitor analysis.
Table of Contents

1 Table of Contents
1 Table of Contents 5
1.1 List of Tables 11
1.2 List of Figures 14

2 PTT Exploration and Production Public Company Limited, Company Overview 19

3 PTT Exploration and Production Public Company Limited, Key Events for 2013 25

4 PTT Exploration and Production Public Company Limited, Key Highlights 26
4.1 New Projects to Provide Upstream Growth; High Leverage May Impact the Flexibiity 26
4.2 Focus on Consistent Organic Growth Leveraged with Inorganic Acquisitions 29
4.3 Meeting Thailands Gas Demand 31

5 PTT Exploration and Production Public Company Limited, SWOT Analysis 35
5.1 Strengths 35
5.1.1 Consistent Growth in Production 35
5.1.2 Focus on Operational Efficiency and Cost Optimization 37
5.1.3 Wide Geographic Presence 37
5.2 Weaknesses 38
5.2.1 Unbalanced Upstream Portfolio 38
5.2.2 Persistent Delays in Development Projects 38
5.3 Opportunities 39
5.3.1 Planned Crude Oil Development projects Can Diversify Portfolio 39
5.3.2 Embarking upon LNG Production to Contribute to Capacity Expansion across LNG/FLNG Projects 39
5.4 Threats 40
5.4.1 High Debt to Equity Ratio may Impede Future Growth Plans 40
5.4.2 Risk with Unconventional Project 40

6 PTT Exploration and Production Public Company Limited, Goals and Strategies 41
6.1 Diversifying Operations 41
6.2 Infrastructure Expansion to Meet Growing Gas Demand 43

7 PTT Exploration and Production Public Company Limited, Production Overview 44
7.1 Production Profile 44
7.2 Thailand 46
7.2.1 Arthit Project 46
7.2.2 Arthit North Project 47
7.2.3 B8/32 and 9A Project 47
7.2.4 Bongkot Project 47
7.2.5 Contract 3 Project 48
7.2.6 Contract 4 Project 48
7.2.7 E5 Project 49
7.2.8 G4/43 Project 49
7.2.9 PTTEP 1 Project 49
7.2.10 S1 Project 49
7.2.11 B6/27 Project 50
7.2.12 G4/48 Project 50
7.2.13 Sinphuhorm Project 50
7.3 International 51
7.3.1 Oman 44 Project 51
7.3.2 Australasia 51
7.3.3 Canada Oil Sands KKD Project 51
7.3.4 Vietnam 9-2 Project 52
7.3.5 Vietnam 16-1 Project 52
7.3.6 Union of Myanmar 52
7.4 Costs Incurred and Acreage 55

8 PTT Exploration and Production Public Company Limited, Exploration and Development Overview 59
8.1 Thailand 62
8.1.1 A4/48, A5/48 and A6/48 Project 62
8.1.2 G9/43 Project 62
8.1.3 L21/48 and L28/48 Project 62
8.1.4 L22/43 Project 62
8.1.5 L53/43 and L54/43 Project 62
8.2 International 63
8.2.1 Algeria (Hassi Bir Rekaiz Project) 63
8.2.2 PTTEP Australasia Project (Cash/Maple Project) 63
8.2.3 Australia 63
8.2.4 Canadian Kai Kos Dehseh Oil Sands Project (Leismer Area Expansion and Corner Area Development) 64
8.2.5 Cambodia 64
8.2.6 Indonesia 64
8.2.7 Mozambique Rovuma Offshore Area 1 Project 65

9 PTT Exploration and Production Public Company Limited, Forecast Production and Financial Statements 68
9.1 Income Statement (20102017) 70
9.2 Balance Sheet (20102017) 71
9.3 Cash Flow Statement (20102017) 72
9.4 Financial Ratios 73

10 PTT Exploration and Production Public Company Limited, Valuation 77

11 PTT Exploration and Production Public Company Limited, Peer Comparison 79
11.1 Share Price Performance 79
11.2 Key Financial and Operational Ratios 80
11.3 Operational and Financial Performance 82

12 PTT Exploration and Production Public Company Limited, Oil and Gas Exploration and Production Operations and Cost Analysis 87
12.1 PTT Exploration and Production Public Company Limited, Valuation and Financial Data 87
12.1.1 PTT Exploration and Production Public Company Limited, Share Price Performance 87
12.2 PTT Exploration and Production Public Company Limited, Key Valuation Metrics 88
12.2.1 Key Valuation Metrics, Q1, 2012-Q1, 2013 88
12.3 PTT Exploration and Production Public Company Limited, Quarterly Results of Oil & Gas Operations Per boe Produced 89
12.3.1 Results of Oil & Gas Operations Per boe Produced, Q1, 2012-Q1, 2013 89
12.3.2 Results of Oil & Gas Operations Per boe Growth Rates, Q1, 2012-Q1, 2013 90
12.4 PTT Exploration and Production Public Company Limited, Quarterly E&P Costs Trends 91
12.4.1 Upstream Capital Expenditure, Q1, 2012-Q1, 2013 91
12.5 PTT Exploration and Production Public Company Limited, Quarterly Production Trends 92
12.5.1 PTT Exploration and Production Public Company Limited, Total Oil and Gas Production 92
12.6 PTT Exploration and Production Public Company Limited, Valuation and Financial Data, 2008-2012 93
12.6.1 PTT Exploration and Production Public Company Limited, Share Price Performance, 2008-2012 93
12.7 PTT Exploration and Production Public Company Limited, Production and Reserves Trends 94
12.7.1 Total Oil and Gas, Reserves and Production 94
12.7.2 Crude Oil/Liquids Production and Reserve 98
12.7.3 Natural Gas Production and Reserve 100
12.7.4 Total Crude Oil and Natural Gas Reserves Life Index 102
12.8 PTT Exploration and Production Public Company Limited, E&P Costs Trends 105
12.8.1 Allocation of the Upstream Capital Expenditure 105
12.8.2 Oil and Gas Cost Per boe, US$/boe 109
12.9 PTT Exploration and Production Public Company Limited, Reserve Replacement Ratio 114
12.9.1 Oil and Gas Production Replacement Ratio 114
12.10 PTT Exploration and Production Public Company Limited, Results of Oil & Gas Operations Trend 120
12.10.1 Oil and Gas Revenue and Expenses 120
12.10.2 Oil and Gas Revenue and Expenses, Per boe 127
12.10.3 Oil and Gas Performance Metrics 133
12.10.4 Well Statistics 134

13 Appendix 143
13.1 Abbreviations 143
13.2 Sources 145
13.3 Methodology 146
13.3.1 Coverage 146
13.3.2 Secondary Research 147
13.3.3 Primary Research 147
13.4 Disclaimer 147

Table 1: PTT Exploration and Production Public Company Limited, Upcoming Projects, 20132017 27
Table 2: PTT Exploration and Production Public Company Limited, Key Production Assets, 2013 53
Table 3: PTT Exploration and Production Public Company Limited, Key Development Assets, 2013 65
Table 4: PTT Exploration and Production Public Company Limited, Key Exploration Assets, 2013 66
Table 5: PTT Exploration and Production Public Company Limited, Forecast Production, 20102017 68
Table 6: GlobalData, Price Forecasts, 20132017 68
Table 7: PTT Exploration and Production Public Company Limited, Income Statement (US$ MM), 20102017 70
Table 8: PTT Exploration and Production Public Company Limited, Balance Sheet (US$ MM), 20102017 71
Table 9: PTT Exploration and Production Public Company Limited, Cash Flow Statement (US$ MM), 20102017 72
Table 10: PTT Exploration and Production Public Company Limited, Profitability Ratios, 20102017 74
Table 11: PTT Exploration and Production Public Company Limited, Other Financial Ratios, 20102017 75
Table 12: PTT Exploration and Production Public Company Limited, Capital Market Ratios, 20112013 76
Table 13: PTT Exploration and Production Public Company Limited, Free Cash Flow Calculation (US$ MM), 20132017 77
Table 14: PTT Exploration and Production Public Company Limited, DCF Calculation, 2013 78
Table 15: PTT Exploration and Production Public Company Limited. and its Peers, Financial Ratios, 2011 81
Table 16: PTT Exploration and Production Public Company Limited and Peer Group Comparison, Operational and Financial Performance, 2011 83
Table 17: PTT Exploration and Production Public Company Limited and its Peers, Total Reserves and Production, mmboe, 2011 84
Table 18: PTT Exploration and Production Public Company Limited, Share Price Performance, Q1, 2012-Q1, 2013 87
Table 19: PTT Exploration and Production Public Company Limited, Key Valuation Metrics, Q1, 2012-Q1, 2013 88
Table 20: PTT Exploration and Production Public Company Limited, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2012-Q1, 2013 89
Table 21: PTT Exploration and Production Public Company Limited, Results of Oil & Gas Operations Per boe Growth Rates, %, Q1, 2012-Q1, 2013 90
Table 22: PTT Exploration and Production Public Company Limited, Upstream Capital Expenditure, Q1, 2012-Q1, 2013 91
Table 23: PTT Exploration and Production Public Company Limited, Total Crude Oil and Natural Gas, Production, Q1, 2012-Q1, 2013 92
Table 24: PTT Exploration and Production Public Company Limited, Share Price Performance, 2008-2012 93
Table 25: PTT Exploration and Production Public Company Limited, Key Valuation Metrics, 2008-2012 94
Table 26: PTT Exploration and Production Public Company Limited, Total Crude Oil and Natural Gas, Production and Reserves, MMboe, 2008-2012 95
Table 27: PTT Exploration and Production Public Company Limited, Total Crude Oil & Natural Gas Production and Reserves, By Country/Region, MMboe, 2008-2012 96
Table 28: PTT Exploration and Production Public Company Limited, Total Crude Oil and Natural Gas Reserve Changes, MMboe, 2008-2012 97
Table 29: PTT Exploration and Production Public Company Limited, Crude Oil Production and Reserves Metrics, MMbbl, 2008-2012 98
Table 30: PTT Exploration and Production Public Company Limited, Crude Oil Production and Reserves, By Country/Region, MMbbl, 2008-2012 98
Table 31: PTT Exploration and Production Public Company Limited, Crude Oil Reserve Changes, MMbbl, 2008-2012 99
Table 32: PTT Exploration and Production Public Company Limited, Natural Gas Production and Reserves Metrics, Bcf, 2008-2012 100
Table 33: PTT Exploration and Production Public Company Limited, Natural Gas Production and Reserves, By Country/Region, Bcf, 2008-2012 100
Table 34: PTT Exploration and Production Public Company Limited, Natural Gas Reserve Changes, Bcf, 2008-2012 101
Table 35: PTT Exploration and Production Public Company Limited, Oil and Gas Reserves Life Index, Years, 2008-2012 102
Table 36: PTT Exploration and Production Public Company Limited, Oil and Gas Reserves Life Index, By Country/Region, Years, 2008-2012 104
Table 37: PTT Exploration and Production Public Company Limited, Upstream Capital Expenditure, US$ MM, 2008-2012 105
Table 38: PTT Exploration and Production Public Company Limited, Proved and Unproved Acquisition Costs, By Country/Region, US$ MM, 2008-2012 107
Table 39: PTT Exploration and Production Public Company Limited, Exploration and Development Costs, By Country/Region, US$ MM, 2008-2012 108
Table 40: PTT Exploration and Production Public Company Limited, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2008-2012 110
Table 41: PTT Exploration and Production Public Company Limited, Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, By Country/Region, 2008-2012 113
Table 42: PTT Exploration and Production Public Company Limited, Oil and Gas Production Replacement Ratio, %, 2008-2012 115
Table 43: PTT Exploration and Production Public Company Limited, 3-Year Wt.Avg. Oil and Gas Production Replacement Ratio, By Country/Region, %, 2008-2012 119
Table 44: PTT Exploration and Production Public Company Limited, Revenue and Expenses, US$ MM, 2008-2012 121
Table 45: PTT Exploration and Production Public Company Limited, Revenue and Expenses, By Country/Region, US$ MM, 2008-2012 126
Table 46: PTT Exploration and Production Public Company Limited, Oil and Gas Revenue and Expenses, US$/boe, 2008-2012 127
Table 47: PTT Exploration and Production Public Company Limited, Oil and Gas Revenue and Expenses, US$/boe, By Country/Region, 2008-2012 132
Table 48: PTT Exploration and Production Public Company Limited, Oil and Gas Performance Metrics, 2008-2012 133
Table 49: PTT Exploration and Production Public Company Limited, Producible Oil and Gas Wells, 2008-2012 134
Table 50: PTT Exploration and Production Public Company Limited, Producible Oil and Gas Wells, By Country/Region, 2008-2012 139
Table 51: PTT Exploration and Production Public Company Limited, Exploratory and Developed Wells, 2008-2012 140
Table 52: PTT Exploration and Production Public Company Limited, Exploratory and Developed Wells, By Country/Region, 2008-2012 141
Figure 1: PTT Exploration and Production Public Company Limited, Operational Overview, 2013 19
Figure 2: PTT Exploration and Production Public Company Limited, Revenue by Segment (%), 2012 21
Figure 3: PTT Exploration and Production Public Company Limited, Performance Charts, 20092012 22
Figure 4: PTT Exploration and Production Public Company Limited, Share Price Performance, March 2012February 2013 24
Figure 5: PTT Exploration and Production Public Company Limited, Debt (US$ MM), 20102012 28
Figure 6: PTT Exploration and Production Public Company Limited, Acquisition Costs (US$ MM), 20092012 30
Figure 7: Thailand, Energy Sector Split by Fuel Type, 2012 31
Figure 8: PTT Exploration and Production Public Company Limited, Pipeline Capacity and Gas Production (mmcfd), 20122017 33
Figure 9: PTT Exploration and Production Public Company Limited and Peer Average, Yearly Growth in Production (%), 20092011 36
Figure 10: PTT Exploration and Production Public Company Limited, Growth Strategy, 20122020 42
Figure 11: PTT Exploration and Production Public Company Limited, Total Production (mmboe), 20092017 45
Figure 12: PTT Exploration and Production Public Company Limited, Forecast Production (%), 20132017 45
Figure 13: PTT Exploration and Production Public Company Limited, Costs Incurred (US$ MM), 20092012 55
Figure 14: PTT Exploration and Production Public Company Limited, Planned Capital and Operational Expenditure (US$ MM), 20132017 56
Figure 15: PTT Exploration and Production Public Company Limited, Region-Wise Planned Capital Expenditure (US$ MM), 20132017 57
Figure 16: PTT Exploration and Production Public Company Limited, Reserve Replacement Ratio and Finding and Development Cost, 20092012 58
Figure 17: PTT Exploration and Production Public Company Limited, Key Exploration and Appraisal Activities, 2013 60
Figure 18: PTT Exploration and Production Public Company Limited, Cove Energy plc Acquisition Assets in Kenya and Mozambique, 2013 61
Figure 19: PTT Exploration and Production Public Company Limited and its Peers, Relative Share Price Performance Index, March 2012February 2013 80
Figure 20: PTT Exploration and Production Public Company Limited and Peer Group, per boe Parameters, 2011 83
Figure 21: PTT Exploration and Production Public Company and Peer Group, Reserve Life Index, Years, 2011 84
Figure 22: PTT Exploration and Production Public Company Limited and Peer Group, Total Reserves and Production, mmboe, 2011 85
Figure 23: PTT Exploration and Production Public Company Limited and Peer Group, Valuation Ratios, 2011 86
Figure 24: PTT Exploration and Production Public Company Limited, Share Price Performance, THB/Share, Q1, 2012-Q1, 2013 87
Figure 25: PTT Exploration and Production Public Company Limited, Key Valuation Metrics, EV/Production (US$/boed), EV/Proved Reserve (US$/boe), Q1, 2012-Q1, 2013 88
Figure 26: PTT Exploration and Production Public Company Limited, Results of Oil & Gas Operations Per boe Produced, US$/boe, Q1, 2012-Q1, 2013 89
Figure 27: PTT Exploration and Production Public Company Limited, Upstream Capital Expenditure, US$ MM, Q1, 2012-Q1, 2013 91
Figure 28: PTT Exploration and Production Public Company Limited, Total Crude Oil and Natural Gas, Production, MMboe, Q1, 2012-Q1, 2013 92
Figure 29: PTT Exploration and Production Public Company Limited, Share Price Performance, THB/Share, 2008-2012 93
Figure 30: PTT Exploration and Production Public Company Limited, Total Crude Oil and Natural Gas, Production and Reserves, MMboe, 2008-2012 94
Figure 31: PTT Exploration and Production Public Company Limited, Total Oil & Gas Reserves, End of Period, By Country/Region, MMboe, 2008-2012 96
Figure 32: PTT Exploration and Production Public Company Limited, Total Crude Oil and Natural Gas Reserve Changes, MMboe, 2012 97
Figure 33: PTT Exploration and Production Public Company Limited, Oil Reserves, End of Period, By Country/Region, MMbbl, 2008-2012 98
Figure 34: PTT Exploration and Production Public Company Limited, Crude Oil Reserve Changes, MMbbl, 2012 99
Figure 35: PTT Exploration and Production Public Company Limited, Gas Reserves, End of Period, By Country/Region, Bcf, 2008-2012 100
Figure 36: PTT Exploration and Production Public Company Limited, Natural Gas Reserve Changes, Bcf, 2012 101
Figure 37: PTT Exploration and Production Public Company Limited, Oil and Gas Reserves Life Index, Years, 2008-2012 102
Figure 38: PTT Exploration and Production Public Company Limited, Gas Reserve Life Index, By Country/Region, Ratio, 2008-2012 103
Figure 39: PTT Exploration and Production Public Company Limited, Oil & Gas Reserve Life Index, By Country/Region, Ratio, 2008-2012 103
Figure 40: PTT Exploration and Production Public Company Limited, Oil Reserve Life Index, By Country/Region, Ratio, 2008-2012 104
Figure 41: PTT Exploration and Production Public Company Limited, Upstream Capital Expenditure, US$ MM, 2008-2012 105
Figure 42: PTT Exploration and Production Public Company Limited, Proved Acquisition Costs, By Country/Region, US$ MM, 2008-2012 106
Figure 43: PTT Exploration and Production Public Company Limited, Unproved Acquisition Costs, By Country/Region, US$ MM, 2008-2012 106
Figure 44: PTT Exploration and Production Public Company Limited, Development Costs, By Country/Region, US$ MM, 2008-2012 107
Figure 45: PTT Exploration and Production Public Company Limited, Exploration Costs, By Country/Region, US$ MM, 2008-2012 108
Figure 46: PTT Exploration and Production Public Company Limited, 3-Year Wt.Avg., Reserves Replacement, Finding and Development Costs, Finding Cost and Proved Acquisition Costs Per boe, US$/boe, 2008-2012 109
Figure 47: PTT Exploration and Production Public Company Limited, Oil & Gas Finding & Development Cost/boe, 3-Year Average, By Country/Region, US$/boe, 2008-2012 111
Figure 48: PTT Exploration and Production Public Company Limited, Oil & Gas Finding Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2008-2012 111
Figure 49: PTT Exploration and Production Public Company Limited, Reserve Replacement Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2008-2012 112
Figure 50: PTT Exploration and Production Public Company Limited, Proved Reserves Acquisition Cost per boe, 3-Year Average, By Country/Region, US$/boe, 2008-2012 112
Figure 51: PTT Exploration and Production Public Company Limited, 3-Year Wt.Avg., Oil and Gas Production Replacement Ratio, %, 2008-2012 114
Figure 52: PTT Exploration and Production Public Company Limited, 3-Year Wt. Avg. Gas F&D Production Replacement, By Country/Region, %, 2008-2012 116
Figure 53: PTT Exploration and Production Public Company Limited, 3-Year Wt. Avg. Gas RRC Production Replacement, By Country/Region, %, 2008-2012 116
Figure 54: PTT Exploration and Production Public Company Limited, 3-Year Wt. Avg. Oil & Gas F&D Production Replacement, By Country/Region, %, 2008-2012 117
Figure 55: PTT Exploration and Production Public Company Limited, 3-Year Wt. Avg. Oil & Gas RRC Production Replacement, By Country/Region, %, 2008-2012 117
Figure 56: PTT Exploration and Production Public Company Limited, 3-Year Wt. Avg. Oil F&D Production Replacement, By Country/Region, %, 2008-2012 118
Figure 57: PTT Exploration and Production Public Company Limited, 3-Year Wt. Avg. Oil RRC Production Replacement, By Country/Region, %, 2008-2012 118
Figure 58: PTT Exploration and Production Public Company Limited, Revenue and Expenses, US$ MM, 2008-2012 120
Figure 59: PTT Exploration and Production Public Company Limited, Depreciation, Depletion and Amortization From Upstream Oil & Gas Operations, By Country/Region, US$ MM, 2008-2012 122
Figure 60: PTT Exploration and Production Public Company Limited, Exploration Expenses, By Country/Region, US$ MM, 2008-2012 122
Figure 61: PTT Exploration and Production Public Company Limited, Income Tax Provision (Benefit) From Upstream Oil & Gas Operations, By Country/Region, US$ MM, 2008-2012 123
Figure 62: PTT Exploration and Production Public Company Limited, Net Income/ Loss From Upstream Oil & Gas Operations, By Country/Region, US$ MM, 2008-2012 123
Figure 63: PTT Exploration and Production Public Company Limited, Oil & Gas Revenue, By Country/Region, US$ MM, 2008-2012 124
Figure 64: PTT Exploration and Production Public Company Limited, Profit (loss) Before Taxation From Upstream Oil & Gas Operations, By Country/Region, US$ MM, 2008-2012 124
Figure 65: PTT Exploration and Production Public Company Limited, Production Costs, By Country/Region, US$ MM, 2008-2012 125
Figure 66: PTT Exploration and Production Public Company Limited, Total Expenses From Upstream Oil & Gas Operations, By Country/Region, US$ MM, 2008-2012 125
Figure 67: PTT Exploration and Production Public Company Limited, Oil and Gas Revenue and Expenses, US$/boe, 2008-2012 127
Figure 68: PTT Exploration and Production Public Company Limited, Exploration Expenses per boe, By Country/Region, US$/boe, 2008-2012 128
Figure 69: PTT Exploration and Production Public Company Limited, Income Tax/(Benefit) per boe, By Country/Region, US$/boe, 2008-2012 128
Figure 70: PTT Exploration and Production Public Company Limited, Lifting Cost per boe, By Country/Region, US$/boe, 2008-2012 129
Figure 71: PTT Exploration and Production Public Company Limited, Annual Net Income per boe, By Country/Region, US$/boe, 2008-2012 129
Figure 72: PTT Exploration and Production Public Company Limited, Oil & Gas Revenue per boe, By Country/Region, US$/boe, 2008-2012 130
Figure 73: PTT Exploration and Production Public Company Limited, Total DD&A per boe, By Country/Region, US$/boe, 2008-2012 130
Figure 74: PTT Exploration and Production Public Company Limited, Total Revenue per boe, By Country/Region, US$/boe, 2008-2012 131
Figure 75: PTT Exploration and Production Public Company Limited, Oil and Gas Performance Metrics, 2008-2012 133
Figure 76: PTT Exploration and Production Public Company Limited, Producible Oil and Gas Wells, 2008-2012 134
Figure 77: PTT Exploration and Production Public Company Limited, Gross Productive Gas Wells, By Country/Region, Number, 2008-2012 135
Figure 78: PTT Exploration and Production Public Company Limited, Gross Productive Oil & Gas Wells, By Country/Region, Number, 2008-2012 135
Figure 79: PTT Exploration and Production Public Company Limited, Gross Productive Oil Wells, By Country/Region, Number, 2008-2012 136
Figure 80: PTT Exploration and Production Public Company Limited, Net/Gross Oil & Gas Ratio, By Country/Region, %, 2008-2012 136
Figure 81: PTT Exploration and Production Public Company Limited, Net Productive Gas Wells, By Country/Region, Number, 2008-2012 137
Figure 82: PTT Exploration and Production Public Company Limited, Net Productive Oil & Gas Wells, By Country/Region, Number, 2008-2012 137
Figure 83: PTT Exploration and Production Public Company Limited, Net Productive Oil Wells, By Country/Region, Number, 2008-2012 138
Figure 84: PTT Exploration and Production Public Company Limited, Exploratory and Developed Wells, 2008-2012 140