Investor Presentation

Thailand Focus 2022

25 August 2022
Cautionary Statement
Forward-looking Information
The information, statements, forecasts and projections contained herein reflect the Company’s current views with respect to future events and financial performance. These views are based
on assumptions subject to various risks. No assurance is given that these future events will occur, or that the Company’s assumptions are correct. Actual results may differ materially from
those projected.

Petroleum Reserves Information

In this presentation, the Company discloses petroleum reserves 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”. The reserves data contained in this presentation reflects the Company’s best estimates of its
reserves. While the Company periodically obtains an independent audit of a portion of its proved reserves, no independent qualified reserves evaluator or auditor was involved in the
preparation of reserves data disclosed in this presentation. Unless stated otherwise, reserves are stated at the Company’s gross basis.

This presentation may contain the terms “proved reserves” and “probable reserves”. Unless stated otherwise, the Company adopts similar description as defined by the Society of Petroleum
Engineers.

Proved Reserves - Proved reserves are defined as those quantities of petroleum which, by analysis of geological and engineering data, can be estimated with reasonable certainty to be
commercially recoverable, from a given date forward, from known reservoirs and under current economic conditions, operating methods, and government regulations.
Probable Reserves - Probable reserves are defined as those unproved reserves which analysis of geological and engineering data suggests are more likely than not to be recoverable.

2
Company Introduction
PTTEP Overview | E&P Flagship of PTT Group
Shareholding Structure Operating Framework Strategy
Business Strategy

E&P Growth
PTT 64%  Create Value from Existing Assets
 Maintain Competitive Unit Cost
Local  Expand Gas portfolio
3,969.9 Institutions 20%  Drive LNG business
Million shares Foreign
Institutions 11% Decarbonization
Retails 5%  E&P Net Zero 2050
 GHG Emission Reduction and Technology
As of latest book closing Aug 2021
Development
 CCS Projects
 Renewable and Future energy at operation sites
 Emission Offsetting and Ocean for Life
Stock Quote PTTEP
Market Capitalization > 17 Billion USD Beyond E&P
Sales Revenue > 90% SEA & ME 2014-2021 2016-2021 2016-2021  Technology
Cash Cost ~ 15 USD/BOE  Power Business
 Business Opportunities and Future Energy
 In-house Technology
Level “A” Level “B”

4
PTTEP Overview | Diversified asset portfolio
Central Asia Thailand
Kazakhstan Home Base
• Dunga onshore oil field • 62% of total sales volume (6M2022)
(acquired from Partex in 2019) • Key producing assets include G1/61,
Oil G2/61, Bongkot, Arthit, Contract 4 and S1
• G1/61 (Erawan) transition completed
• G2/61 (Bongkot) transition in process
(1st 200mmscfd commenced in Apr 2022)
North America Oil

Opportunities in an early phase: Southeast Asia

• Deepwater exploration in Mexico Piped Gas
Oil Gas/LNG
Strategic Area
• 22% of total sales volume, mainly from
Malaysia and Myanmar (6M2022)
Oil GAS/LNG
• Multiple petroleum discoveries in Malaysia
including Lang Lebah in SK410B
• New exploration block in Malaysia, Sabah
Book Value of Assets by region SB412
Total assets USD 24.19 billion • Other producing assets in Vietnam (oil)
and Indonesia (gas)
Others
3%
Middle East
14% Africa Middle East
Africa Thailand
17% 40% An area for growth, key projects include: Strategic Area in Oman and UAE Australia
• Algeria’s Bir Seba oil field with current flow • 16% of total sales volume (6M2022)
Southeast Asia rate of approximately 17 KBPD • Oman: 4 onshore blocks including PDO Potential gas development
26% • Algeria’s Hassi Bir Rakaiz oil field with recent (Block 6), largest producing oil asset, and • Sizable undeveloped gas resources in
1st oil production in Jun 22. Block 61, largest tight gas development Timor Sea
As of Jun 2022 • Mozambique LNG project target 1st cargo in • UAE: 3 offshore and 1 onshore
late 2025* exploration blocks

Note: As of June 2022

* Subject to local security situation
5
Business Update
2022 Half-year Highlights
G1/61 Operatorship transfer
completed 24 Apr 2022
Operatorship transfer
completed 20 Jul 2022
Yadana
Thailand Myanmar Safeguard
National energy security
G1/61 Erawan
New Malaysia SB412
+21 KBOED
Arthit New Drive growth
Assets UAE Sharjah Area C
MTJDA annexation +10 KBOED Volume New Assets & Volume
Oman Block 61 (Y.o.Y.)
+10 KBOED

Own Projects and Decarbonization

Net Zero Target set and Business collaboration CCS Net Zero 2050 and CCS
2050 roadmap identified (PTT Group / Inter. Partners)

Continuous contribution
281,747 CO2 reduction from Paid to Thai Govt ~50,000 Social & Environmental
company’s operations in form of tax, royalty,
tCO2e and other renumerations MMTHB

7
Strategy Refinement
E&P Growth Decarbonization Beyond E&P
Create Value from Existing Assets E&P Net Zero Technology
Maximize Production ARV, In-house Tech
Accelerate Development GHG Emission Reduction &
Turn Discovery to Production Technology Development
Power Business
Competitive Unit Cost CCS Projects G2P, L2P, Renewables

Expand Gas portfolio Renewable and Future energy Business Opportunities

at operating sites and Future Energy
Drive LNG business Emission Offsetting and Ocean for Life CCUS, H2

Key Activities

• G1/61 and Yadana Ops Transfer • CCS at Arthit, Sinphuhom, Lang Lebah • Scale up ARV
• HBR 1st Oil Phase 1 • Energy Efficiency • Develop G2P (FID 2023)
• MZB 1st LNG Cargo (Late 2025) • Zero Routine Flare • Solar S1 (COD early 2023)
• Develop SK410 LLB (FID 2023) • Reforestation • Seeking opportunity in Renewables,
• Develop HBR Phase 2 (FID 2026) CCUS and H2
• Development Sarawak clusters
8
Projects Update
E&P Beyond E&P

• Maintain production G1/61 and speed up activities MOU with Krungthai Bank to pilot ASEAN’s first National
FY2022 FY2023 FY2024 Corporate Identification (NCID) platform, digitizing the
Thailand 200-250 MMSCFD 300-500 MMSCFD 500-800 MMSCFD Corporate KYC process for bank account opening
• Technical review Bidding round 2022
(G1/65, G2/65, G3/65) Delivered the Green area management web application for the
“OUR Khung BangKachao” project, for Chaipattana
• SK410B LLB FEED in progress, FID 2023 Foundation to implement Smart Farming
Malaysia • Participating in Bid Round 2022
• Drilling campaigns SK314A, SK405B, SK438 in progress • MOU with Nam Thuan Energy Investment JSC for cooperation
on the technology and use of smart drone solutions for
renewable energy projects in Vietnam
Myanmar • Yadana operatorship transfer completed 20 July 2022
• Yetagun withdrawal completed 31 May 2022 • MOU with Thyssenkrupp to expand and develop engineering
and industrial markets in Thailand, Germany and Southeast
Asia

Mozambique • MZA1 pending site re-enter, 1st LNG cargo late 2025 Launched “Arvic” application for personal health assistant
platform that aggregates health data from various sources into
one place, “Beaut” for wellness marketplace connecting
customers and wellness service providers, and “Nextcercise”
Algeria • HBR 1st Oil commenced Jun 2022, estimated sales for personal exercise tracking
volume 7 KBPD during Q3-Q4/22
Successfully demoed subwater inspection by inhouse tech
• Offshore 2 exploration well was successfully drilled and “XPLORER” to EGAT at Sirindhorn Dam (the world largest
UAE discovered approximately 2.5-3.5 TCF of raw gas floating solar plant)
• Explore farm-in opportunities, new bidding rounds
9
CCS – Key contributor to Net Zero
Assessment criteria Enablers

Technical Business Model & Cost

Capacity Injectivity Infrastructure and Technology Investment vs Return,
to store CO2
used for CCS Possible reduction credits

Environment & Public Policy & Regulations

Containment Measurement, Public awareness Govt. Policies, Subsidy, and
Effectiveness monitoring, and
verification (MMV) Environmental impacts Legal framework around CCS
monitoring

ART CCS for

Natural Gas Reinjection

CO2 Platform & Wells
Natural CO2 CO2 CO2 Pipeline CO2 Saline Aquifer
Gas CO2 Membrane
Removal Depleted
Reservoir
Production Gas Processing Transportation Storage
Platform
10
Financial Results
Profit and Loss
Q2/2022 Key events
PTTGL divestment
Start-up of G1/61 and G2/61 PSC Algeria Hassi Bir Rekaiz 1st oil Withdrawal from Yetagun project
PTTGL divestment
On 24 April 2022 In June 2022 in Myanmar, effective 31 May 2022

QoQ YoY Unit: million USD

600 600
Net Profit
P/L from normal operation
318 647 P/L from non-operating items 647
222
570
349

-47 -127 -47

-252

Q1/22 Q2/22 Q2/21 Q2/22

+9% +8% +8% +5% +32% +6%

P/L from G1/61 PSC Global oil price trend Upfront OPEX of G1/61 P/L Average
from G1/61 PSC Global oil price trend Upfront OPEX of G1/61
normal normal
Selling Price Unit Cost
operation operation
+77m$ (+14%) Average Average +298m$ (+85%) Average Average
Sales Volume Selling Price Unit Cost Sales Volume Selling Price Unit Cost

Non- Non-
operating Less oil price hedging losses QoQ operating Less oil price hedging losses YoY
items items
+205m$ (+81%)
12 +80m$ (+63%)
Volume and Price
UNIT: BOED 465,459 443,126 446,519
416,141 427,368 413,168
77,207
68,068 71,308
Volume Mix
400,000 55,993 65,344 45,867 Rest of World
98,166 Gas Liquid
95,766 97,600 102,239 97,885 93,774 Other SEA
300,000
27% 28%

200,000
290,086 Thailand & 73% 72%
264,382 264,424 272,819 277,326 273,527 MTJDA
100,000
Q1 2022 Q2 2022
0

Product Price 2021 Q1 22 Q2 22 Q2 21 6M 2022 6M 2021

Gas ($/MMBTU) 5.69 6.07 6.10 5.59 6.08 5.60 Revenue Mix
Liquid ($/BBL) 66.70 91.19 105.47 63.98 98.72 60.52
Weighted Avg. ($/BOE) 43.49 51.35 55.61 42.19 53.59 41.35 48% 52%
Avg. Dubai ($/BBL) 69.39 96.21 108.22 67.02 102.17 63.62
Avg. HSFO ($/BBL) 64.42 87.96 104.67 61.21 96.32 58.98 52% 48%
(High Sulphur Fuel Oil)
Q1 2022 Q2 2022
Note: Include sales volume from ADNOC Gas Processing (AGP)
Exclude Oman Block 61 deemed sales volume from tax payment by government
13
Unit Cost
Unit : $/BOE
40
28.52 28.79 27.72 27.57
30 26.54 27.24
Cash Cost
Unit Cost 20 15.46 14.34
13.25 13.11 11.62 11.84
10

-
2021 Q1 22 Q2 22 Q2 21 6M 2022 6M 2021
DD&A 15.27 13.43 13.33 15.62 13.38 15.73
Finance Cost 1.33 1.35 1.50 1.27 1.43 1.33
Royalties 3.49 4.27 4.22 3.42 4.24 3.42
G&A 2.22 2.23 2.47 1.97 2.36 2.03
Exploration Expenses 0.54 * 0.15 0.40 0.19 0.28 0.16
Operating Expenses 5.67 5.11 6.87 4.77 6.03 4.90
Lifting Cost 4.13 3.87 4.35 3.91 4.12 4.02
Note: * Exclude Exploration assets write-off in Brazil for Q2 21, 6M 21, and 2021
All Unit Cost shown above exclude costs related to new business
The formulas for calculating ratios are provided in the supplementary section for your reference

14
Cashflow, Financial Position, and Interim Dividends
Cashflow & Financial Position Interim
InterimDividend
Dividend
Inflow Unit: million USD
Tax paid Outflow
XD Date Record Date Payment Date
1,117 CAPEX
Cash flow from
operations 2,737
Dividend
paid
15 Aug 22 16 Aug 22 26 Aug 22
(Before tax payment) 784
Others
361
228
EBITDA Margin Unit: THB per share
2,559 76% 2,806 6.00
6.00 1H 2H
5.00 5.00
Beginning cash 4.25 4.25
(Dec-21) Ending cash 4.00 3.75
(Jun-22) 3.25 3.00
Note: * Include Short-term investment
Net of adjustment for the effect of exchange rate changes on cash and cash equivalents 2.75 2.75
2.00 4.25
23,445 24,189 Total Assets 2.25
1.50 1.75 1.50 2.00
Other Liabilities 0.00
6,923 7,122
2017 2018 2019 2020 2021 1H2022
4,094
4,243 Interest-bearing Debt
Payout Ratio

12,428 Equity % of Net Profit 88 55 49 77 50 50

12,824
% of Profit from 63 51 53 71 41 38
Normal Operation
Dec-21 Jun-22
15
 Guidance, Debt Profile and Ratings
Outlook Ratings
AAA BBB+
Q3 2022 FY 2022 Stable Stable
BBB stand-alone rating

Sales Volume ~481 ~465 Baa1 BBB+

(KBOED) Stable Stable
Baa2 stand-alone rating BBB stand-alone rating
Gas Price
(US$/MMBTU) $ ~6.4 ~6.4 Debt Profile
2021 Q2’ 2022
Unit Cost
(US$/BOE) ~29-30 Debt to Equity 0.33 0.33
Debt to EBITDA 0.80 0.69

Profitability Average Cost of Debt 3.38% p.a. 3.73% p.a

(EBITDA Margin) 70-75% Average Loan Life 12.7 Yrs 13.4 Yrs

* Based on average Dubai oil price in 2022 at 99 $/BBL Interest Rate (Fixed : Float) 83:17 83:17
16
 Thank you and Q&A

+66 2 537 4000 [email protected] http://www.pttep.com

17
Supplementary information
Profit and Loss Statement 19
Reserves 20
Finance 21-22
SD/ESG 23-26
Thailand Oil & Gas Market 27-29
Projects Information 30-43
Organization Structure 44
Ratio and Formula 45
 Results | Profit and Loss Statement Unit: million USD
Q2 22 Q1 22 %QoQ Q2 21 %YoY 6M 22 6M 21 %YTD FY2021
Total Revenues 2,469 2,083 19% 1,767 40% 4,543 3,546 28% 7,314
Sales (1) 2,383 2,030 17% 1,729 38% 4,413 3,120 41% 6,731
Sales Volume (BOED) (2) 465,459 427,368 9% 443,126 5% 446,519 413,168 8% 416,141
Sales Price (US$/BOE) 55.61 51.35 8% 42.19 32% 53.59 41.35 30% 43.49
Gain from a bargain purchase - - - - - - 350 (100%) 342
Others (3) 86 53 62% 39 >100% 130 76 71% 241
Total Expenses 1,882 1,776 +6% 1,548 22% 3,649 2,953 24% 6,118
Major Expenses:
Operating Expenses 291 197 48% 193 51% 488 367 33% 861
Exploration Expenses 17 6 >100% 7 >100% 23 156 (85%) 226
G&A 112 93 20% 83 35% 205 158 30% 355
DD&A 565 517 9% 629 (10%) 1,082 1,176 (8%) 2,202
Loss on Financial Instruments - 245 (100%) 125 (100%) 237 223 6% 234
Impairment Loss on Assets - - - - - - - - 183
Income Tax Expenses 610 497 23% 321 90% 1,106 513 >100% 1,287
Share of profit (loss) from associates and JV 13 11 18% 2 >100% 24 5 >100% 15
Net Profit 600 318 89% 222 >100% 918 598 54% 1,211
Profit (Loss) from normal operation 647 570 14% 349 85% 1,217 631 93% 1,479
Profit (Loss) from non-operating items (47) (252) 81% (127) (63%) (299) (33) >100% (268)
Non-operating items breakdown:
Oil Price Hedging (38) (240) 84% (141) 73% (278) (248) (12%) (284)
Tax from Effect of FX (11) (2) (>100%) - (100%) (13) (9) (44%) (10)
Effect from FX and others 2 (10) >100% 14 (86%) (8) 19 (>100%) 12
Impairment Loss on Assets - - - - - - - - (183)
Exploration assets write-off - - - - - - (145) 100% (145)
Note: Gain from a bargain purchase - - - - - - 350 (>100%) 342
(1) Include Oman Block 61 deemed sales revenues from tax payment by government
(2) Exclude Oman Block 61 deemed sales volume from tax payment by government
(3) Consisted of Revenue from Pipeline, Gain from FX, Forward Contract, and Gain from Oil price Hedging.
19
Reserves at the Year-end 2021
PTTEP Overview | Reserves
Sustained reserve life at over 5 years target
Reserves
MMBOE Life 2021 by Geography
2,500 Domestic International
2,123 11.7 Years
2,123
2,000
1,647 1,622 773 1,350 54%
1,500 7.5 Years 55%
507 548
45% 46%
1,000
P1 P1 + P2
1,140 1,350
500 1,074
2021 by Product Type
- Gas Liquid
2019 2020 2021 2,123

Proved (P1) Probable (P2) 1,350 30%

26%
5-Year Average Proved Reserves Replacement Ratio (RRR) 70%
2019 2020 2021 74%
1.5X 1.5X 1.9X
P1 P1 + P2
• Based on total production of natural gas, condensate, and crude oil (including LPG) of 495 KBOED for the year ended December 31, 2021
• Figures include reserves from equity method

As of December 2021
20
 Finance | 5-year Sales Volume & Investment Budget (announced December 2021)
In KBOED CAGR +5%
600 473 493 528
416 467 463
22 35 Rest of World
7 8 9
Sales Volume 400 2 167 164 166 171 205 Other SEA &
150
Middle East
200 298 300
264 293 291 288 Thailand & MTJDA
-
2021 2022 2023 2024 2025 2026
In MMUSD 5,774
6,000 5,666 5,371 5,633 5,429 5,065
2,300 1,994 1,996 2,020
OPEX
4,000 2,449 2,172
Investment CAPEX
457 809 1,081 1,237
1,608 770 (Dev & Pre-sanction projects (2))
2,000 241 2,760 2,568 2,556 2,172 2,123
CAPEX
1,625 (Producing projects (3))
-
2021 2022 2023 2024 2025 2026
5 Years (2022 – 2026) G1/61: April
CAPEX 16,533
Capacity 800 MMSCFD Mozambique LNG: 2H SK410B: 1H (1)
Capacity 13 MTPA Initial Capacity 800-1000 MMSCFD
OPEX 10,631 G2/61: April G2/61: March
Capacity 200 MMSCFD Capacity 700 MMSCFD
TOTAL 27,164 Algeria HBR
Southwest Vietnam: 2H (1) (Full
Key Project Start-up Algeria HBR Capacity 490 MMSCFD phase): 2H
(phase l) : 1H Capacity 50-60 KBPD
Capacity 10-13 KBPD
Note: (1) Subject to regulatory approval and FID timing
(2) Development & Pre-sanction projects include Mozambique LNG , Algeria HBR, SK410B and Southwest Vietnam
(3) Including exploration and appraisal in all projects and head office CAPEX, and new businesses 21 Not included Sole Investment in G1/61 (Erawan)
Finance | Debt Maturity Profile
700
648 650
600
600

500 490
USD Millions

400 379
350

300

200 182 179

100

Note: Excludes Hybrid bonds

Unit: USD Millions or equivalent after cross currency swap

As of June 2022
22
 Our Net Zero Ambition

2020 2030 2040 2050

Base Year
30%
GHG Intensity*
50%
GHG Intensity
NET ZER
Greenhouse Gas Emissions
Reduction Reduction E&P, Operational Control
SCOPE 1 & 2

*Intensity refers to GHG released in Tonne CO2e per thousand

tonnes of hydrocarbon production 23
 SD & ESG | Disclosure and Ratings
100 80 60 40 20
Social Human
Development Resource ESG Rating
Human
Economic Rights
ESG AAA AA A BBB BB B CCC
Climate & Disclosure Health &
Environment Safety ESG Rating
Innovation & Supply Chain
Technology ESG Ratings
Governance, Risk 1 2 3 4 5
Management &
Compliance ESG Credit
Impact

A A- B B- C C- D D- No Response
ESG Standards

Global Reporting Climate Change

Initiative Reporting Standards
(GRI Standards)
0-10 10-20 20-30 30-40 40+
Oil and Gas Sector Disclosures
(OGSD) ESG Risk Rating
Source: S&P Global, MSCI, Moody’s, CDP, SUSTAINALYTICS’ websites
As of December 2021 24
SD & ESG Update
Decarbonization Circular Model Ocean for Life
GHG Intensity Reduction Target
25% By 2030 (2012 base year) Zero Waste to Landfill by 2030 Net Positive Impact
of Biodiversity & Ecosystem Services in
Net Zero By 2050 ≥50% of Main Structure Reuse by 2030 Offshore Operations vs baseline by 2030

PROGRESS PROGRESS ≥50% Increase in Local community

income vs baseline by 2030
Reduction of GHG Emission Intensity Waste to Landfill PROGRESS
As of Q2/2022, 25.2% Reduction (2012 base year) Ocean Health & Biodiversity Monitoring
(0.28 MMTCO2e Reduction since Jan 2022)
Flare Gas Recovery Fugitive & Vent
Recover excess gas to Leak monitoring MOU signed with Hydro-
production process Energy Efficiency and preventing Informatics Institute(HII)
Operation efficiency on Ocean Data Platform
and energy saving
Blue Carbon Initiatives on
Upcycling High Volume Waste mangrove, seagrass, seaweed,
seashell and coral to potentially
Sand to Zeolite: Completed prototype study result to turn support GHG offsetting and
Smart Logistics Carbon Capture Storage sand waste from petroleum production at Zawtika project to increasing biodiversity
Logistics operation Trap from flare and inject it nano silica and zeolite with good moisture absorption rate
efficiency improvement into suitable storage site
Ramp Up CSR around Ocean Flagship Projects
EP Net Zero
• 2 Aquatic Animal Hatchery
2030 2040 2050 Learning Centers Established
2020
Base Year 30% 50% NET ZER
GHG Emissions Oil sludge conversion to Graphene: Completed lab scale
(Phetchaburi and Prachuap Khiri Khan)
GHG Intensity
Reduction
GHG Intensity
Reduction E&P, Operational Control
SCOPE 1 & 2 unit fabrication • More than 10 km2
Conservation Area & Fish Home
Exploring for
Lower Carbon E&P
Portfolio EP Production and
Planet in Balance
25 25
New
• Seafood Product Value
Enhancement to
improve community income
SD Update – Ocean for Life
PROGRESS
TARGET: Ocean Health & Biodiversity Monitoring
Net Positive Impact Blue Carbon Initiatives on mangrove, seagrass, seaweed,
of Biodiversity & Ecosystem Services seashell and coral to potentially support GHG offsetting and
in Offshore Operations increasing biodiversity
(Compare to 2019 base year)
by 2030
≥50% MOU signed with Hydro-
Informatics Institute (HII) to
Increase Community Income for Local Develop the Ocean Data Platform and
Community that Participated in our Ensure Sustainable Marine Resources
Program
(Compare to Before Project Implementation)
by 2030

Ramp Up CSR around Ocean Flagship Projects

CLEAN & FRIENDLY
OPERATION
Offshore +
Mid-Shore
OCEAN HEALTH & Ocean Waste Mangrove Aquatic Animal Sea Turtle Coastal Seafood Product
BIODIVERSITY Management Forestation Hatchery Conservation Conservation Value Enhancement
MONITORING Learning Center Area & Fish Home
Onshore + Offshore
Nearshore:
Collaboration
Network & CSR
RAMP UP CSR 68,488 kg. 1,000 Rais with 2 New Centers Renovated Buildings 17 Locations in 48%of Community
Waste Collected 2,750 tCO2 Established and Provided Medical 9 provinces Income Increased
AROUND OCEAN (Accumulated 99,570 Kg.) Absorption (Accumulated 8 Centers) Equipment in (Accumulated 10.3 Km2) from 2 Provinces
3 Provinces
Information as of July 2022
26
Thailand
Thailand Updates
| Market Update
Thailand Energy Overview Exchange Rate Movement
(USD/THB)
Natural Gas Supply 39
MMSCFD 38
FY 2020 FY 2021 5M 2022

37.5
Domestic Myanmar LNG 4,378
o Increase in energy demand & become closer to 37
36.5
demand before COVID-19 pandemic, along with 36 (High)
35.5
Domestic Myanmar LNG 4,726 35.3
high level of energy prices 35 35.0
33.9 (Average)
o As of May 2022, compared with the same period 34
Domestic Myanmar LNG 4,699 34.0
of last year: significantly declined in domestic 33 33.3 33.5
(Low)
supply, while gas from Myanmar and LNG imports 32.1 33.4
0 1,000 2,000 3,000 4,000 5,000 32
remained constant. 31
31.3
30.0
Natural Gas Consumption Electricity Generation 30
MMSCFD GWH 29
Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4
FY 2020 FY 2021 5M 2022

FY2020 FY2021 5M 2022

Electricity Industry GSP NGV 4,339 55% 3% 16% 15% 11% 33,123 2021 2022
Consensus on the exchange rate mostly depends on
Electricity Industry GSP NGV 4,395 54% 2% 17% 16% 11% 209,717 o General investor risk-off sentiment from persistent inflation and supply chain
disruptions
Electricity Industry GSP NGV 4,368 55% 2% 18% 14% 10% 206,034 o Bank of Thailand and Federal Reserve monetary policy tightening schedule
0 1,000 2,000 3,000 4,000 5,000 0%
Natural 20%
Gas 40%
Hydro60%
Electricity80% Coal
100%
& Lignite o Thailand tourism recovery as lockdown measures ease and countries reopen

Imported Renewable Energy

Source: Bank of Thailand, Bloomberg
Source: Energy Policy and Planning Office (EPPO) Forecast based on Bloomberg Consensus as of 14 July 2022

27
Thailand’s Energy Value Chain
Thailand | Energy Value Chain
PTTEP contributes over 1/3 of Thailand’s petroleum production

5M 2022 Thailand’s Oil and Gas Demand 6M 2022 Thailand Petroleum Production Midstream

Crude Oil &

% by Petroleum Type and Area Gas: operated by PTT
Condensate ~ 1.1 m BOE/D Onshore 10%
8% Transmission Pipelines
Imports Gas Gas Separation Plants
74% Offshore
~ 87% 90%
Liquid Oil: PTT participates through
Domestic ~ 13% 26% subsidiaries
by Type by Area
Refineries
% Production by Company
Natural Gas ~ 0.8 m BOE/D
Imports ~ 36% PTTEP
53% Downstream
Domestic
Petrochemicals
~ 64% Others Oil and gas marketing
47%

Source: Energy Policy and Planning Office (EPPO) and Department of Mineral Fuels (DMF)
28
Thailand | Oil and Gas Balance
Oil Balance*** Natural Gas Balance****
Maintains stability supply through adequate refining capacity Main driver of the Thailand economy

Import (88%) Indigenous (12%) Gulf of Thailand (53%) Onshore(2%)

Onshore (2%) Import (45%)
1032 KBD 146 KBD
SUPPLY

PTTEP
49% Myanmar
LNG 37%
Others 63%
51%

Crude/ Crude/ 2,346 Bypass Gas 171 MMSCFD

Condensate Condensate MMSCFD
972 KBD 130 KBD
Total Refining Capacity in Thailand
PRODUCTION

1,242 KBD 6 Gas Separation Plants

Total Capacity 2,870 MMSCFD
Imported @ Actual Heat
Refined Crude 108 1,950
Petroleum Export MMSCFD MMSCFD
Products 16 KBD
60 KBD PTT’s Associated Refineries 770 KBD (TOP, PTTGC, IRPC)
Other Refineries 472 KBD (SPRC, ESSO, BCP) Methane
1,329 MMSCFD
Refined Refined 846 MMSCFD
Products Products (19%)
1,054 KBD * 165 KBD
Domestic Export Petrochemical Ethane
Propane
Power (60%)
957 KBD ** 181 KBD Feedstock LPG
(12%) NGL
SALES

Industry (18%)
Industry
Household LPG NGV (3%)
Transportation NGL
(7%)
Source: PTT
Note: * Refined product from refineries = 971 KBD, including domestic supply of LPG from GSPs and Petrochemical Plants = 83 KBD
** Not included Inventory
*** Information as of 3M 2022
**** Information as of 3M 2022
MMSCFD @ Heating Value 1,000 Btu/ft3 29
Projects | Thailand, Myanmar and Malaysia
Myanmar
Production Malaysia
Zawtika (80% WI)
Operate Zawtika project, start up in March 2014 with Production
current gas supply of 322 MMSCFD for 6M2022
Yadana (37.1% WI) Block K Project :
Become an operator of Yadana project on July 20, 2022 Kikeh (56% WI) , Siakap North-Petai (SNP) (22.4% WI) and
Gumusut-Kakap (GK) (7.2% WI)
Exploration • Average production volume in 6M2022 was 25 KBPD
M3 (100% WI) of crude oil and 28 MMSCFD of natural gas
Awaiting development
SK309 and SK311 Project : (59.5% WI)
For East Patricia field (42% WI)
Thailand • Average production volume in 6M2022 was 198 MMSCFD
of natural gas and 18 KBPD of condensates and crude
Production / Ramp-up Projects
Bongkot (66.6667% WI) Block H Project :
Average natural gas and condensate sales volume of 751 Rotan field (56% WI) Remaining Area (42% WI)
MMSCFD and 20 KBPD in 6M2022 • First gas early February 2021 with average production volume in
6M2022 at 256 MMSCFD of natural gas
S1 (100% WI) • Full capacity at 270 MMSCFD
The largest onshore crude oil production field in Thailand G1/61
For Block K, gross production is net off utilization
with 6M2022 average crude oil sales volume of 25 KBPD SB412 Sabah H
Arthit (80% WI)
& G2/61
Exploration
Average sales volume in 6M2022 was 287 MMSCFD of Sarawak SK410B Project (42.5% WI)
natural gas and 16 KBPD of condensates • Multi TCF gas discovery in Lang Lebah Field
Contract 4 (60% WI) • Expected to reach Final Investment Decision (FID) in 2023
Average sales volume in 6M2022 was 393 MMSCFD of
natural gas and 15 KBPD of condensate Sarawak SK417 and Sarawak SK405B projects
G1/61 (60% WI) SK309 & SK311 • New Petroleum discoveries with additional well drilling
• Operatorship transfer completed. First year production to assess upside potential
rate of 200-250MMSCFD. Production phase
• Sole investment 100% Exploration phase Sabah SB412
• New block awarded from 2021 Malaysia Bid Round
G2/61 (100% WI) • The project is under preparation for Exploration activities.
• GBN transition completed. Production rate at
200 MMSCFD Note: WI – working interest
30
Projects | Vietnam and Indonesia
Vietnam

VIETNAM

Vietnam 16-1 (28.5% WI) Southwest Vietnam

• Average sales volume of crude oil was ● Vietnam B & 48/95 (8.5% WI)
13 KBPD in 6M2022 ● Vietnam 52/97 (7% WI)
• In 2022, the project has plan to drill • Field Development Plan was approved by Government
2 development wells in Q3 - Q4/2022.
INDONESIA • The project is currently in the negotiation process on
commercial terms to put forward FID, with production
capacity approximately 490 MMSCFD

Indonesia
Natuna Sea A (11.5% WI)
• Average sales volume of natural gas was 187
MMSCFD in 6M2022
Production projects
Pre sanction projects

31
Projects | Middle East
UAE Oman
Mukhaizna (Block 53)
Abu Dhabi Offshore 1,2 and 3
• High potential prospective resources with significant sizeable discoveries PDO (Block 6) • Largest single onshore
producing field in Oman
• Located North-west of Abu Dhabi Emirates, United Arab Emirates • Average oil production volume of
• Granted the award for exploration in January 2019 - 2020 • Largest asset covering around 94 KBPD for 6M2022
1/3 of the country
• Operated by Eni Abu Dhabi B.V. (70% interest) Abu Dhabi offshore 3 • Operated by Occidental
Sharjah • Long-life asset, produced only Petroleum (47% interest)
Sharjah Onshore Area C Onshore Area C 15% of reserves in-place
• High gas & condensate potential with the possibility of integrating with • Average oil production volume
surrounding fields of 660 KBPD for 6M2022
• Located in the central part of Sharjah Emirate , United Arab Emirates • Operated by Petroleum Oman Block 61
• Operated by Eni Abu Dhabi B.V. (50% interest) Block 61
Development of Oman
(Joint Operating Company) • Largest tight gas development in
ADNOC Gas Processing (AGP) Middle East
• Gas and condensate production
• One of the largest gas processing complexes in the world Oman Onshore capacity of 1,500 MMSCFD and
(total capacity of 8 BCFD) block 12 Oman Onshore Block 12 65,000 BPD respectively
JV: 3 plants with capacity of 1.2 BCFD • Located onshore central part of • Operated by BP Exploration
ADNOC: 2 plants with capacity of 6.9 BCFD the Sultanate of Oman (Epsilon) Limited (40% interest)
• Essential to Abu Dhabi and UAE’s economy *Block awarded in 2019 • Signed agreement with Oman’s
• Sizeable volumes of Propane, Butane and Naphtha offtake **Block awarded in 2020 Ministry of Oil and Gas (MOG) for Oman LNG
• Operated by ADNOC (68% interest) exploration and production rights
Production phase in February 2020 • The only LNG facility in Oman
Exploration phase
Midstream
• Operated by Total E&P Oman • Processing capacity 10.4 MTPA
Block 12 B.V. (80% interest) • Contracted LNG sales to
international buyers: Japan
and South Korea
• Government of Oman 51%
(Operator)

Note: ADNOC : Abu Dhabi National Oil Company

32
Rest of the
Projects World
| Rest of the World
Mexico Mexico block 29 (2.4)
Mexico block 12 (2.4)
ALGERIA
• Non-operating partner with 16.67%
participating interest
• Non-operating partner with 20%
participating interest • Located in the Campeche, southern Gulf
Algeria of Mexico
• Located in the Mexican Ridges, western
Gulf of Mexico • 2 successful deep-water oil discoveriesin
Bir Sebah • Currently evaluating the petroleum
May 2020
• Block 433a & 416b MOZAMBIQUE potential for further way forward • Currently undergoing a pre-development
• PVEP 40% (operator), PTTEP 35% study
Hassi Bir Rekaiz MOZAMBIQUE

• Blocks 443a, 424a, 414ext & 415ext for

Crude Oil.
• Sonatrach 51% (operator), PTTEP 49%
Brazil
Barreirinhas AP1
Mozambique
• Operated by Shell Brasil (65% interest)
Mozambique Area 1
• Four offshore exploration blocks: BAR-M-215, MEXICO
• High quality reservoirs capable up to BAR-M-217, BAR-M-252 and BAR-M-254
200mmscfd per well • Currently waiting for exploration wells drilling
• LNG capacity 13.1 MTPA (2 trains) permit from the government
• TotalEnergies 26.5% (operator),
PTTEP 8.5%
• Construction phase BM-ES-23
• Acquired 20% interest from Shell in Q3 2014 BRAZIL
• Partnered with Petrobras (65%, operator) and
INPEX (15%)
• Currently evaluating the petroleum potential
for further
33 development
Projects Details | Thailand
Project Name Status Phase Participating Interest* (%) Sales Vol Gas Sales Vol Liquid Latest Status
(MMSCFD) (KBPD)
1 Arthit Operator Production PTTEP 80% 289 16 • Increase Sales Gas DCQ from 220 to 280 MMSCFD in Feb’22
Chevron 20% • Select as a pilot project for CCS and completed CCS conceptual study in
MOECO 4% Q2 2022
2 B6/27 Operator Production PTTEP 100% - - • Decommissioning activities in progress

3 B8/32 and 9A JV Production PTTEP 25.01% 47 10 • Ensure gas deliverability level at DCQ
Chevron 51.66% • Drill development wells
MOECO 16.71%
KrisEnergy 4.63%
Palang Sophon 2%
4 Bongkot Operator Production PTTEP 66.67% 751 20 • Block 15 ended the concession on 23 Apr 2022 and operates under G2/61
TotalEnergies 33.33% project. Block 16 and Block 17 has maintained production until end of
concession on 7 March 2023.
• Infills drilling for BKT Sole investment
• Maintain production level as planned
• Carry out wells plug and abandonment

5 Contract 4 (Pailin) JV Production PTTEP 60% 398 16 • Ensure gas deliverability level at DCQ
Chevron 35% • Drill development wells
MOECO 5%
6 E5 JV Production PTTEP 20% 7 - • Ensure gas deliverability level at DCQ
EXXON MOBIL 80%

Note: * PTTEP denotes respective PTTEP subsidiaries participating in the project

** Sales volume represent average volume for 100% of the project during 6M2022
*** Status: OP = PTTEP operatorship / JOC = PTTEP joint operatorship/ JV = PTTEP Joint Venture Partner
**** DCQ = Daily Contractual Quantity
34
Projects Details | Thailand
Project Name Status Phase Participating Interest* (%) Sales Vol Gas Sales Vol Liquid Latest Status
(MMSCFD) (KBPD)
7 G4/43 JV Production PTTEP 21.375% 1 2 • Deliver production volumes as nominated from the buyer and oil
Chevron 51% production as planned
MOECO 21.25%
Palang Sophon 6.375%
8 G4/48 JV Production PTTEP 5% 1 - • Decommissioning activities in progress
Chevron 71.25%
MOECO 23.75%
9 L53/43 & L54/43 OP Production PTTEP 100% - 0.5 • Completed 6-well drilling in Apr’22 and commence 1st oil production in
Jun’22
• Plan for production facilities debottlenecking and relocation projects to
handle additional gross production from new wells.

10 PTTEP1 OP Production PTTEP 100% - 0.2 • Maintain production plateau

• Relocate facilities from PTTEP1 to L54/43 to be minimized CAPEX cost

11 S1 OP Production PTTEP 100% 8 Crude: 25 KBPD • Production optimization and long-term development are on-going for
LPG: 175 MTon/Day business plan and work activities identification.

12 Sinphuhorm OP Production PTTEP 55% 96 0.3 • Ensure gas deliverability at CDC high nomination
Apico 35% • On-going the drilling campaign for 2 development wells in Q2 - Q4 2022
EXXON MOBIL 10%
13 L22/43 OP Production PTTEP 100% - - • On-going execution plan of total 5 drilling wells scheduled in Q4 2022.
• Plan to prepare for the resume production or exit strategy in future after
drilling results confirmed.

Note: * PTTEP denotes respective PTTEP subsidiaries participating in the project

** Sales volume represent average volume for 100% of the project during 6M2022
*** Status: OP = PTTEP operatorship / JOC = PTTEP joint operatorship/ JV = PTTEP Joint Venture Partner
35
Projects Details | Thailand
Project Name Status Phase Participating Interest* (%) Sales Vol Gas Sales Vol Liquid Latest Status
(MMSCFD) (KBPD)
14 MTJDA JOC Production PTTEP 50% 258 8 • Facility Readiness for Additional Gas to Thailand for 30-50 MMSCFD
Petronas Carigali 50%
15 G9/43 OP Exploration PTTEP 100% - - • Activity suspended

16 G1/61 (Erawan) OP Production PTTEP 60% 88 2 • Successful transition to become operator on 24 April 2022
Mubadala 40% • Production ramp-up in progress with installing 2 WHPs of Phase 1A
Development and another 6 WHPs to be installed within 2022.

17 G2/61 (Bongkot) OP Production PTTEP 100% 80 3 • Normal operations

Note: * PTTEP denotes respective PTTEP subsidiaries participating in the project

** Sales volume represent average volume for 100% of the project during 6M2022
*** Status: OP = PTTEP operatorship / JOC = PTTEP joint operatorship/ JV = PTTEP Joint Venture Partner
36
Projects Details | Myanmar, Malaysia, Other SEA
Project Name Status Phase Participating Interest* (%) Sales Vol Gas Sales Vol Liquid Latest Status
(MMSCFD) (KBPD)
1 Block K (Malaysia) OP (Kikeh & SNP) Production PTTEP Kikeh 56% • The inspection and maintenance were completed as planned and the
- Kikeh JV (GK) SNP 22.4% 28 ** 25 ** Project continued drilling well in GK as part of field development phase 3
- Siakap-North Petai field (SNP) GK 7.17%
- Gumusut-Kakap field (GK)
2 Sarawak SK309 and SK311 OP Production PTTEP 42 – 59.5% 198 ** 18 ** • 2 new infill wells have completed drilling, with expected production in
(Malaysia) Jul’22
3 Block H (Malaysia) OP Production PTTEP 42 – 56% 256 ** - • Capable of producing up to 270 MMSCFD.

4 Malaysia – Other projects OP Exploration PTTEP 42.5 - 80% - - • SK410B : Plan to drill 1 wildcat well in Jul’22 and expected FID in 2023 for LLB
(varied by • SK417 : Planning and preparing for the drilling of appraisal well (NANGKA-2)
permits) in 2022 exploration campaign
• SK405B, SK438, SK314A : Well planning in progress
• SB412 : Preparing for exploration activities and focusing on seismic activity
5 Yadana JV Production PTTEP 25.5% 734 - • Became a new operator on 20 July 2022
(Myanmar) TotalEnergies 31.24% • Activities for transition performed in a safe and orderly manner for smooth
Chevron 28.26% and continuity of operation
MOGE 15%
6 Zawtika : M9 & a part of M11 OP Production PTTEP 80% 322 - • Maintain operations. Some activities are delayed due to COVID-19 and
(Myanmar) Myanma Oil and 20% political situation.
Gas Enterprise
(MOGE)
7 M3 OP Exploration PTTEP 100% - - • Waiting for approval of PSC Supplementary
(Myanmar) • Closely monitor the situations to assess risks, as well as to prepare for an
appropriate action plan
8 MD-7 OP Exploration PTTEP 50% - - • Termination process in progress
(Myanmar) TotalEnergies 50%

Note: * PTTEP denotes respective PTTEP subsidiaries participating in the project

** Sales volume represent average volume for 100% of the project during 6M2022 except Malaysia (Production volume 100%)/ For Block K, gross production is net off unitization
*** Status: OP = PTTEP operatorship / JOC = PTTEP joint operatorship/ JV = PTTEP Joint Venture Partner 37
Projects Details | Myanmar, Malaysia, Other SEA
Project Name Status Phase Participating Interest* (%) Sales Vol Gas Sales Vol Liquid Latest Status
(MMSCFD) (KBPD)
9 9-2 JOC Production PTTEP 25% 12 3 • Maintain production level
(Vietnam) Vietnam Oil and 50% • Procurement for drilling campaign of 1 development well
Gas Group
Pharos Energy 25%
10 16-1 JOC Production PTTEP 28.5% 4 13 • Maintain production level
(Vietnam) Vietnam Oil and 41% • Procurement for drilling campaign of 2 development wells
Gas Group
Pharos Energy 28.5%
OPECO 2%
11 B & 48/95 JV Exploration PTTEP 8.5% - - • Monitoring Power Plants progress
(Vietnam) Vietnam Oil and 65.88% • Negotiation process on commercial terms in order to push forward the Final
Gas Group Investment Decision (FID)
MOECO 25.62% • The first production target at the end of 2025
12 52/97 JV Exploration PTTEP 7% - - • Monitoring Power Plants progress
(Vietnam) Vietnam Oil and 73.4% • Negotiation process on commercial terms in order to push forward the Final
Gas Group Investment Decision (FID)
MOECO 19.6% • The first production target at the end of 2025
13 Natuna Sea A JV Production PTTEP 11.5% 187 1 • Maintain production level
(Indonesia) Premier Oil 28.67%
KUFPEC 33.33%
Petronas 15%
Pertamina 11.5%

Note: * PTTEP denotes respective PTTEP subsidiaries participating in the project

** Sales volume represent average volume for 100% of the project during 6M2022
*** Status: OP = PTTEP operatorship / JOC = PTTEP joint operatorship/ JV = PTTEP Joint Venture Partner 38
Projects Details | Middle East
Project Name Status Phase Participating Interest* (%) Sales Vol Gas Sales Vol Liquid Latest Status
(MMSCFD) (KBPD)
1 Abu Dhabi Offshore 1 JV Exploration PTTEP 30% - - • G&G study is on-going.
(UAE) Eni Abu Dhabi 70%
2 Abu Dhabi Offshore 2 JV Exploration PTTEP 30% - - • Completed the first exploration well drilling and wait for the result
(UAE) Eni Abu Dhabi 70%
3 Abu Dhabi Offshore 3 JV Exploration PTTEP 30% - - • G&G study is on-going.
(UAE) Eni Abu Dhabi 70%
4 Sharjah Onshore Area C JV Exploration PTTEP 25% - - • Completed the acquisition of 25% interest on 1 March 2022
(UAE) Eni Abu Dhabi 50% • Seismic activity is on-going.
SNOC 25%
5 PDO Block 6 JOC Production PTTEP 2% - 659 ** • Normal operations
(Oman) Government of Oman 60%
Shell 34%
TotalEnergies 4%
6 Mukhaizna JV Production PTTEP 1% - 94 ** • Normal operations
(Oman) Occidental 47%
OOCEP 20%
Indian Oil 17%
Mubadala 15%

Note: * PTTEP denotes respective PTTEP subsidiaries participating in the project

** Sales volume represent average volume for 100% of the project during 6M2022 except for PDO Block 6 and Mukhaizna (Production volume 100%)
*** Status: OP = PTTEP operatorship / JOC = PTTEP joint operatorship/ JV = PTTEP Joint Venture Partner

39
Projects Details | Middle East
Project Name Status Phase Participating Interest* (%) Sales Vol Gas Sales Vol Liquid Latest Status
(MMSCFD) (KBPD)
7 Oman Onshore Block 12 JV Exploration PTTEP 20% - - • 3D seismic reprocessing (original 3D)​ in progress
Total E&P Oman Block 80% • 3D seismic acquisition (new 3D) is in process for tendering
12 B.V.
8 Oman Block 61 JV Production PTTEP 20% 1,504 61 • Normal operations
BP 40%
Makarim Gas 30%
Development LLC
PC Oman Ventures 10%
Limited (PETRONAS)

Note: * PTTEP denotes respective PTTEP subsidiaries participating in the project

** Sales volume represent average volume for 100% of the project during 6M2022
*** Status: OP = PTTEP operatorship / JOC = PTTEP joint operatorship/ JV = PTTEP Joint Venture Partner
40
Projects Details | Rest of the World
Project Name Status Phase Participating Interest* (%) Sales Vol Gas Sales Vol Liquid Latest Status
(MMSCFD) (KBPD)
1 PTTEP Australasia OP Exploration PTTEP 90%-100% - - • Cash Maple (AC/RL7) and Oliver (AC/RL12) : Defining proper direction in
(PTTEP AA) order to increase development opportunities​
• Tenacious and Oliver : Well abandonment in progress
• Other exploration projects: G&G studies​
2 Mozambique Area 1 JV Development PTTEP 8.5% - - • First Cargo is expected by 2025, subject to local security situation
TotalEnergies, Mitsui, 26.5%,20% • 1st Debt drawdown in project Finance
ENH, OVL 15%, 10% • Force Majeure was declared by the operator for safety reason due to the
OVRL & Oil India , 10%, 10% security incident in Palma.
Bharat • Plan to resume construction activities after security and safety restored
3 Algeria 433a & 416b (Bir JOC Production PTTEP 35% - 17 ** • Drilling of 8 infilled wells are on-going.
Seba) PetroVietnam 40% • Target to tie-in and produce new wells starting from Q4 2022
Sonatrach 25% • Existing wells intervention
4 Algeria Hassi Bir Rekaiz OP Production PTTEP 49% - - • 1st oil production June 1, 2022 for the initial phase target 10,000-13,000 BPD
Sonatrach 51% • Sales starting Q3 2022
• Continue remaining drilling and construction work to be completed Phase 1
in Q2 2023
5 Mariana Oil Sands OP Exploration PTTEP 100% - - • Reclamation activities in progress to return the area to Canadian
(Canada) government
6 Brazil JV Exploration PTTEP 25% - - • Pending exploration wells drilling permit from the government
Barreirinhas AP1 Shell Brasil 65%
Mitsui E&P Brasil 10%

Note: * PTTEP denotes respective PTTEP subsidiaries participating in the project

** Sales volume represent average volume for 100% of the project during 6M2022 except for Algeria 433a & 416b (production volume)
*** Status: OP = PTTEP operatorship / JOC = PTTEP joint operatorship/ JV = PTTEP Joint Venture Partner
41
Projects Details | Rest of the World
Project Name Status Phase Participating Interest* (%) Sales Vol Gas Sales Vol Liquid Latest Status
(MMSCFD) (KBPD)
7 Brazil BM-ES-23 JV Exploration PTTEP 20% - - • Evaluating the petroleum potential for development concept
Petrobras 65%
INPEX 15%
8 Mexico block 12 (2.4) JV Exploration PTTEP 20% - - • Evaluating the remaining petroleum potential for future block way forward
PC Carigali Mexico 60%
Ophir Mexico 20%
9 Mexico block 29 (2.4) JV Exploration PTTEP 16.67% - - • Pre-development study in progress
Repsol Mexico 30%
PC Carigali Mexico 28.33%
Wintershal DEA 25%
10 Block 17/06 JV Pre-development PTTEP 2.5% - - • FID plan in Q3 2022 for Begonia Oil Field
(Angola) TotalEnergies 30%
Sonangol 30%
SSI 27.5%
Acrep 5%
Falcon Oil 5%
11 Dunga JV Production PTTEP 20% 2 12 • ​Procurement process and design engineering compression package and
(Kazakhstan) TotalEnergies 60% Gathering Lines
OOCEP 20% • Continue Engineering of Utilities upgrade packages
• Fabrication of Flare packages

Note: * PTTEP denotes respective PTTEP subsidiaries participating in the project

** Sales volume represent average volume for 100% of the project during 6M2022
*** Status: OP = PTTEP operatorship / JOC = PTTEP joint operatorship/ JV = PTTEP Joint Venture Partner
42
Projects Details | Mid-stream
Project Name Status Phase Participating Interest* (%) Sales Vol Gas Sales Vol Liquid Latest Status
(MMSCFD) (KBPD)
1 Oman LNG Shareholder Production PTTEP 2% - - • Normal Operations
[OMAN] Government of 51%
Oman
Shell 30%
TotalEnergies 5.54%
Korea LNG 5%
Mitsubishi 2.77%
Mitsui 2.77%
Itochu 0.92%
2 ADNOC Gas Processing JV Production PTTEP 2% - - • Normal Operations
[UAE] ADNOC 68%
Shell 15%
TotalEnergies 15%

Note: * PTTEP denotes respective PTTEP subsidiaries participating in the project

** Sales volume represent average volume for 100% of the project during 6M2022
*** Status: OP = PTTEP operatorship / JOC = PTTEP joint operatorship/ JV = PTTEP Joint Venture Partner
43
 Organization Chart
Ensuring performance excellence, transparency, and good corporate governance

Board of Directors

Corporate Governance and Nominating and Remuneration

Sustainable Development Committee Committee

Audit Committee Risk Management Committee

Internal Audit
Division
Chief Executive Officer

Safety, Security, Health and

E&P Legal Division
Environment Division

Enterprise Transformation
New Business Division Department

Human
Strategy and Geosciences, Engineering, Resources,
Domestic International Operations Finance and
Business Subsurface and and Corporate
Production Production Support Accounting
Development Exploration Development Affairs and
Asset Group Asset Group Group Assurance Group
Group Group Group
Group

44
Ratio and Formula
Lifting Cost (Operating Exp. – Transportation Cost – Stock Variation – Other expenses not related to Net debt Total debt – Liquidity
($/BOE) lifting) / Production Volume Debt to Equity Total debt / Shareholders' equity
Cash Cost (Operating Exp. + Exploration Exp. + G&A + Royalties + Finance Cost) / Sales Volume Net Debt to Equity Net debt / Shareholders' equity
($/BOE)
Total Debt to Total debt / (Total debt + Shareholders' equity)
Unit Cost (Operating Exp. + Exploration Exp. + G&A + Royalties + Finance Cost + DD&A) / Sales Capital
($/BOE) Volume
Total Debt to Total debt / Trailing-12-month EBITDA
Reserves 5-Yr Additional Proved Reserves / 5-Yr Production Volume EBITDA
Replacement Ratio
Net Debt to Net debt / Trailing-12-month EBITDA
Reserves Life Index Proved Reserves / Production Volume EBITDA
(Year)
EBITDA Interest Trailing-12-month EBITDA / Trailing-12-month Interest Expenses & Amortization of
Success Ratio Number of wells with petroleum discovery / Total number of exploration and appraisal wells Coverage Ratio Bond Issuing Cost
Sales Revenue Sales + Revenue from pipeline transportation
EBITDA (Sales + Revenue from pipeline transportation) - (Operating expenses + Exploration expenses
+ Administrative expenses + Petroleum royalties and remuneration + Management's
remuneration)
EBITDA Margin EBITDA / Sales Revenue
Return on Equity Trailing-12-month net income / Average shareholders' equity between the beginning and the
end of the 12-month period
Return on Capital (Trailing-12-month net income + Trailing-12-month Interest Expenses & Amortization of
Employed Bond Issuing Cost) / (Average shareholders' equity and average total debt between the
beginning and the end of the 12-month period)
Simple Effective Income tax expenses / Income before income taxes
Tax Rate
Total debt Short-term loans from financial institution + Current portion of long-term debts + Bonds +
Long-term loans from financial institution
45