Analyst Meeting : Q1 2013

May 8, 2013

Agenda

1. 2. 3. 4.

Industry Update Q1 2013 Financial Performance Q1 Achievements, Strategy and Operation Update Q2 2013 Outlook

2 / 21

Oil Prices
Price level to remain relatively high for the rest of 2013
US$ / Barrel 140 130 120
Average Brent-Dubai (% Differential) Dubai Brent

Brent Forecast

% Differential 10%
Range $99 $125

Crude Oil Price Dynamics Upside drivers Strained output from Middle East / Africa from geopolitical tension U.S. and China economy recovery

8% 6% 4% 2%

110 100 90 80

$111

Downside drivers Eurozone prolonged debt crisis Increased production from non-OPEC suppliers Heavy-Light Differential Circumstances include: U.S. light crude supply Progress of pipeline projects to Gulf Coast refineries Emergence and technological breakthrough of hydrocarbon alternatives

0%
-2%
Q1 12 Q2 12 Q3 12 Q4 12 Q1 13 Rest of 2013

-4%

US$ / Barrel 120

% Differential 60% Range

$85 $108

50%

100

Average $95

40% 30% 20%

80

60 10% 40
Q1 12 Q2 12 WTI-WCS (% Differential) Q3 12 WTI Q4 12 WCS Q1 13 Rest of 2013

0%

WTI Forecast
3 / 21

Sources : PTTEP, Bloomberg, Reuters Poll March 2013

Highlighted M&A Deals : Q1 2013

Liquid-rich unconventional plays in U.S. dominates
Top M&A Deals (Buyer / Seller) by Deal Size
UK : Ithaca / Valiant $0.5bn

M&A Deal Value by Geography

Others : Europe Canada RoW U.S. 67% 3% 2% 1%

United States : Linn / Berry Denbury / ConocoPhilips Sinopec / Chesapeake Rosetta / Comstock

$4.4bn $1.1bn $1.0bn $0.8bn

MEA 27%
Mozambique : CNPC / Eni $4.2bn

Total Deal Value =

US$ 15.9 billion

Implied Value per Total Recoverable Resources (TRR)1

US$ / BOE
20
18.61 Comparison by Top Deals Comparison by Region

14.57
9.38 4.83 4.65 2.48

15.30
10.20 5.03 1.86 Europe Canada United States Africa / Middle East

10

0
Ithaca / Valiant Sinopec / Chesapeake Denbury / ConocoPhilips Linn / Berry Rosetta / Comstock CNPC / Eni

Sources : Wood Mackenzie, IHS Herold Note : 1 TRR refers to total discovered reserves and resources. Most assets in United States are valued at proved reserves as non-proved reserves are undisclosed.

4 / 21

North America Crude Oil Pipelines Update

Proposed Projects to Alleviate Pressure for Heavy Oil / Oil Sands Players

1. Enbridge Northern Gateway

Add capacity for export to Asia Proposal sent to National Energy Board Online by 2018 if approved

2. TransCanada Keystone XL
Increase PADD III1 take of Canadian crude oil Extension from Cushing to Gulf Coast Revised proposed route submitted in January 2013 Awaiting U.S. Presidential Permit (expect in 2013) In-service by 2015
Hardisty

Steele City Cushing Gulf Coast

Sources : CAPP, Enbridge, TransCanada, Goldman Sachs

Note : 1) Petroleum Administration for Defense Districts (PADD) III refers to Gulf Coast refineries in Alabama, Arkansas, Louisiana, Mississippi, New Mexico, and Texas

5 / 21

Agenda

1. 2. 3. 4.

Industry Update Q1 2013 Financial Performance Q1 Achievements, Strategy and Operation Update Q2 2013 Outlook

6 / 21

PTTEP Average Product Price and Volume

Average selling price slightly increased along with oil price
Sales Volume
BOED 300,000 275,923 265,047
78,065 92,609 100,364 100,634 83,478

Liquid
Gas

294,233

291,476 253,411

Q1 2013
Volume Mix

200,000

Gas 66% 100,000

186,982 183,314 193,869

Liquid 34%

190,842

169,933

Revenue Mix Sales Price

Gas ($/MMBTU) Liquid ($/BBL) Weighted Avg. ($/BOE) 2011 6.00 102.23 55.49 2012 7.59 103.27 64.86 Q4 12 8.03 101.81 66.38 Q1 13 7.96 103.74 67.03 Q1 12 7.18 109.20 64.79
Gas 47% Liquid 53%

Avg. Dubai ($/BBL) Avg. HSFO ($/BBL)

(High Sulphur Fuel Oil)

105.52 99.81

109.03 103.26

107.49 96.33

108.24 98.72

115.87 113.01

7 / 21

Operating Performance
Effective Cost Management

Cash Cost
$/BOE

Unit Cost

40

32.22
30 20

34.13

(US$/BOE)
32.32 31.89

2011 4.35 19.70 15.82

2012 4.28 28.97 21.17

Q4 12

Q1 13 4.47 N/A N/A

Q1 12 3.86 N/A N/A

28.86

Lifting Cost
14.47 14.90

4.86 N/A N/A

13.13
10

14.69

14.2

5 Year Average F&D Cost - Organic F&D

Drilling Success Ratio (Number of Successful wells : Total*)

2011 DD&A Royalties G&A Exploration Exp. 11.55 6.67 2.67 2.24

2012
13.61
7.80 3.09 2.11 5.61

Q4 12

Q1 13
14.87 8.04 2.44 1.41 5.56

Q1 12 14.05 7.81 2.69 1.82 5.52

Success Ratio*

11:25

43:54

13:17

4:9

6:8

13.26
7.91 4.06 2.51 6.39

Operating Exp. ** 5.73

* Exploration and Appraisal Wells ** Exclude diluent cost for blending bitumen in KKD Oil Sands project

Note : The formulas for calculating ratios are provided in the supplementary section for your reference

8 / 21

Financial Highlights
Maintain strong EBITDA margin at ~ 70%

2011

2012

YoY(%)

Q4 12

Q1 13

Q1 12

QoQ(%)

YoY(%)

Total Revenue(MMUS$)

5,685

7,021

24

1,954

1,907

1,627

(2)

18

EBITDA (MMUS$)

3,814

4,816

26

1,268

1,337

1,125

19

EBITDA Margin (%)

69

70

67

73

72

Operating Cashflows (MMUS$)

2,908

3,455

19

1,149

1,601

1,133

39

41

Net Profit (MMUS$) Net Profit before non recurring items Gain (loss) from non recurring items* Earnings per Share (US$)

1,468

1,846

26

449

680

589

51

15

1,659

1,999

20

494

585

538

18

(191)

(153)

20

(45)

95

51

>100

86

0.44

0.46**

25

0.13

0.17

0.18

31

(4)

* Includes gain/loss on FX, deferred tax from US$ Functional currency, and others ** Based on number of shares as of 31 Dec 12 (3,970 million shares), If based on weighted average number of shares during the year, EPS =0.55

9 / 21

Financial Highlights
Manage capital structure to match with nature of business
(Unit : MMUS$)
Asset Liability Total Interest Bearing Debt* Equity Debt to Equity (x) Debt to EBITDA (x)
THB 3%

31 December 2011
14,131 7,820 3,873 6,312 0.61 1.02

31 December 2012
19,637 8,926 3,773 10,711 0.35 0.78
CAD

31 March 2013
20,889 9,920 3,793 10,969 0.35 0.75

13%

CAD 12% THB US$ 83%

Debt Structure*
US$ 97% US$ 87%

5%

Weighted Average Cost of Debt* (%) [Fixed : Floating] Average Loan Life* (Years)
* Exclude Hybrid bonds

3.12 [84 : 16] 3.96

3.99 [79 : 21] 7.50

4.07 [79 : 21] 7.55

10 / 21

Agenda

1. 2. 3. 4.

Industry Update Q1 2013 Financial Performance Q1 Achievements, Strategy and Operation Update Q2 2013 Outlook

11 / 21

Key Achievements in Q1 2013

Solid Operational Performance

S1 reached highest production at avg. 34 KBPD in

Q1 with record high at 37.8 KBPD in February Discovery in Rovuma Area 1 Orca-1 well encountered approximately 190 net feet of natural gas pay M3 divest 20% interest to MOECO / M11 divest 40% to Total &15% interest to JX NOEX - Portfolio management to add value to the project & manage risk Arthit nearby field (G8/50) appraised for potential to sustain production in Arthit in longer term Cash/Maple progressing with reserves certification Successful Capital Management

Best Safety Performance : LTIF= 0

1.50

Loans: Maturity extension of USD Loans 575MM

from 2015 to 2017 lesser debt concentration Credit Rating : Moody's/S&P's have revised PTTEP's rating outlook from negative to stable

Lost Time Injury Frequency (LTIF) 1.24

No. of incident per million man-hours

1.00

0.81 0.59 0.39 0.19 0.00

Successful Financial Performance

0.50

Recurring net profit 585 MM$ 18% increased QoQ EBITDA margin maintains at Level of ~ 70%

0.00 2008

2009

2010

2011

2012

Q1 2013

Industry Benchmark

12 / 21

Growth Strategy
Existing Assets are expected to contribute up to 600 KBOE/D in 2020

Future Reserves Contributors

Myanmar Australia Mozambique Kenya

Algeria HBR
Appraise M3, Explore M11 & Onshore blocks Complete 1st exploration program Explore for potential in several permits Continue to look for additional reserves Explore the frontier area

Production Volume (KBOE/D)

900

Near-Future Value Contributors

Montara Zawtika Algeria 433a 416b

KKD

Cove

M&A

600

1st oil in Q2 2013

1st gas early 2014 At 300 MMCFD (DCQ)

1st oil 2H 2014 At 20 KBPD

Leismer Expansion +20KBPD, Corner +40KBPD by 2016

First LNG : 2 Trains (of 5 MMTPA each) in 2019

Current Value Contributors*

314
International Gas 918 MMCFD Gas 241 MMCFD Gas 253 MMCFD (DCQ) (DCQ) (DCQ) Condensate 33 KBPD Condensate 10 KBPD Condensate 6 KBPD Reached crude production at 34 KBPD

Bongkot

Arthit

MTJDA

S1

Yadana Yetagun

Domestic

Supply Gas >1,000 MMSCFD

2012
*As of 31 March, 2013

2020

13 / 21

Myanmar Zawtika
Production Growth from Southeast Asia Stronghold
PROJECT MAP KEY UPDATES

Myanmar
M3 Yadana Kanbauk

3 WHPs construction, intra-field sealines installation completed Offshore export pipeline constructed and tied-in Continue drilling of development wells On target for first gas end of 2013 with commercial delivery in Q1 2014 Production capacity @ 300 MMSCFD (240 MMSCFD to Thailand and 60 MMSCFD to Myanmar)
Pipeline

Zawtika (M9)
M11 Yetagun

ANDAMAN SEA
Gas Field

STRATEGIC CONTRIBUTION
Production Volume (KBOED) Gas Liquid
600

FORWARD CHECKPOINTS

Q1
WHPs Construction Offshore Pipeline
300

Q2

Q3

Q4

2014

Onshore Pipeline Development Wells 2013 2014 2015 2016 2017 2018 2019 2020
2013 2020

First Gas
= Completed

14 / 21

PTTEP Australasia (PTTEP AA)

Gearing up for Montara First Oil and Cash/Maple Reserves Prospect
PROJECT MAP
Gas Field Oil Field

KEY UPDATES

Australia TIMOR SEA

Montara Expected first production by Q2 2013 An additional well to be drilled by Q3 2013 Insurance claim received to date US$ 212 million of total US$ 248 million Cash/Maple Expected reserves certification within 2013 Ongoing Exploration : Maple-3 drilling ~ Q1 2014 Support PTT FLNG on hydrocarbon development
FORWARD CHECKPOINTS

Cash/Maple Montara

STRATEGIC CONTRIBUTION
Production Volume (KBOED) Gas Liquid
600

Q1
Montara : First Oil
300

Q2

Q3

Q4

2014

+1 Well Drilling Cash/Maple : Reserves Cert. Maple-3 Drilling

2013 2014 2015 2016 2017 2018 2019 2020

= Completed

2013

2020

15 / 21

Canada KKD Oil Sands

Unlocking the Potential of Unconventional Oil in North America
PROJECT MAP KEY UPDATES

Canada

Oil Field (Oil Sands)

Kai Kos Dehseh (KKD)

Corner Leismer

Leismer / Leismer Expansion : Q1 2013 Production ~ 14.6K BPD Winter Evaluation Program (WEP) completed Steam-to-Oil Ratio (SOR) maintained at ~ 2.5 Pad 5 well pair drilling in progress 20K BPD production capacity target by Q4 2013 Expansion: FEED approval by Q2 2013 Corner: Front End Engineering Design (FEED) commenced

STRATEGIC CONTRIBUTION
Production Volume (KBOED) Gas Liquid
600

FORWARD CHECKPOINTS

Q1
Leismer : 2012-13 WEP
300

Q2

Q3

Q4

2014

Expansion: FEED Pad 5 First Steam Corner :

2013 2014 2015 2016 2017 2018 2019 2020

2013

2020

FEED

= Completed

16 / 21

Mozambique Rovuma Offshore Area 1

Securing Commercial Agreement a Critical First Step of Success
PROJECT MAP KEY UPDATES

Gas Field Golfinho / Atum Orca Prosperidade

Mozambique

Rovuma Offshore Area 1

Discovered resources to-date ~ 35 65 TCF Encouraging exploration progress Natural gas discovery in Orca-1 Reserves certification expected by Q4 2013 Ongoing negotiation with potential LNG purchasers Joint development with Area 4 Onshore liquefaction facilities Unitization of Prosperidade shared area

STRATEGIC CONTRIBUTION
Production Volume (KBOED) Gas Liquid
600

FORWARD CHECKPOINTS

Q1
Reserves Certification
300

Q2

Q3

Q4

2014

Commercial Agreement Approval of Final Development Plan

2013 2014 2015 2016 2017 2018 2019 2020

2013

2020

FID
= Completed

17 / 21

Q2 Q4 2013 Key Exploration and Appraisal Activities

Identify and prove up the petroleum potential

Thailand Bongkot 2 Exploration + 8 Appraisal wells

S1 M3 Zawtika

Contract 4 4 Exploration +1 Appraisal wells

S1 ~20 wells (Exploration + Appraisal)
Contract 4 Bongkot

M11

Myanmar M3 &M11 M3 : 4 Appraisal wells (2 wells completed in Q2) M11 : 1 exploration well (Q4) Zawtika 2 Appraisal wells (Q4)

..

18 / 21

Q2 Q4 2013 Key Exploration and Appraisal Activities

Identify and prove up the petroleum potential

Mozambique Offshore Area 1

Exploration wells drilled Black Pearl, Barracuda-1, Tubarao2 : non-commercial Orca1 : discovery, Linguado1 (drilling on progress) Upcoming 3 wells (1E + 2A) in Atum & Golfinho Complex

Mozambique

Kenya Offshore
Kenya

L7 : 1 Exploration well drilled Kubwa-1 (non-commercial, oil shows) L11B : 1 Exploration well Kiboko-1 (drilling on progress)

..

19 / 21

Agenda

1. 2. 3. 4.

Industry Update Q1 2013 Financial Performance Q1 Achievements, Strategy and Operation Update Q2 2013 Outlook

20 / 21

Q2 2013 Outlook
Price
No major gas price movement from adjustments in Bongkot, Yadana, and Yetagun projects Oil price remains volatile amidst on-going economic and political concerns

Operation
Montara to progress with close project management to ensure production start-up by Q2 2013

S1 to sustain high production level to offset volume shortfall from Yadana/Yetagun

planned shut down in April

Exploration
M3 Appraisal drilling campaign : 3rd of 4 wells to be drilled in Q2 Continue Kenya L11B drilling of an exploration well (Kiboko-1)

M&A and Funding

Focus on smaller size, near-term producing or producing assets Maintain strong financial position and operation cash-flow

21 / 21

Disclaimer
Forward-looking Information The information, statements, forecasts and projections contained herein reflect the Companys current views with respect to futur e 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 Companys assumptions are correct. Actual results may differ materially from those projected.

Petroleum Reserves and Resources Information In this presentation, the Company discloses petroleum reserves and resources 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 and resources data contained in this presentation reflects the Companys best estimates of its reserves and resources. 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 and resources data disclosed in this presentation. Unless stated otherwise, reserves and resources are stated at the Companys g ross basis. This presentation may contain the terms proved reserves, probable reserves, and/or contingent resources. 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. Contingent Resources - Contingent resources are defined as those quantities of petroleum which are estimated, on a given date, to be potentially recoverable from known accumulations, but which are not currently considered to be commercially recoverable. The reasons for non commerciality could be economic including market availability, political, environmental, or technological.

Contact us at email address : IR@pttep.com

Supplementary Index

1. 2. 3. 4. 5. 6.

Total Shareholders Return Thailand Energy Outlook PTTEP Project Information Corporate Social Responsibility Organization Structure Ratio formula

Total Shareholders Return, 1993-2013

PTTEP has outperformed SET TRI, S&P 500 (TR) and O&G benchmarks at 20% compounded annual growth
Stock Prices and Indices (TSR) 1993 to 2013
Times x% CAGR

50
45 40 35 30 25 20 15 10 5 8.5% 0 Oil & Gas Benchmark3 8.7% S&P 500 (TR) 19.5% 20.2% SET TRI2 PTTEP1

..-93

..-95

..-97

..-99

..-01

..-03

..-05

..-07

..-09

..-11

..-13

(1) PTTEP closing price on 30 June 1993: 5.07 Baht. Closing price as of 3 May 2013: 153.00 Baht (2) SET Total Return Index (SET TRI) measures market performance, including price movements (capital gain/loss), rights offered to current shareholders allowing them to purchase additional shares, usually at a discount to market price (rights offering), and income from dividend payments (dividends) assuming they are reinvested in securities. Base Date: 31 January 2002; CAGR calculated from 31 January 2002 to 6 May 2013 (3) O&G benchmarks represent the entire industry and cover over 300 different O&G companies worldwide ,including Chevron, Exxon, BP,and Shell.
Source: Bloomberg, Datastream

Supplementary 1/8

Thailand Energy Outlook

Natural Gas Energy for the future
KBOED

Energy Consumption
Nuclear
1% 0% 2% 17 % 4% 19% Hydro
MMSCFD @ 1000 BTU

Gas Consumption

2,800 2,400 2,000 1,600 1,200 800 400 0 2007

5,500 5,000 4,500

Coal & Lignite

2013

2012 2011

40 %

34%

Natural Gas

4,000 3,500 3,000

Jan - Mar 2012 Jan - Mar 2013 Growth

J
F M A M J J A

4,566 4,787 4.8%

S O N D

40 %

42%

Petroleum Product

2,500 2,000

2008

2009

2010

2011

2012

2013

2014

2015

2020

Source : EPPO

Source : PTT & PTTEP

MMMSCFD

6,000 5,000 4,000 3,000 2,000

Gas Consumption By Sector

6,000

MMSCFD @ 1000 BTU

Gas Market

Gas Demand

15% Industry 14% 6% 7% NGV 19%

Household & Petrochemical

5,000
Contracted Import

4,000

21%
60%

3,000

2,000 Power Contracted Domestic

59%
1,000 0 2009 2010 2011 2012 2013 2014 2015 2016
Source : PTT & EPPO

1,000

0 2009 2010 2011 2012 2013 2014 2015 2016

Source : PTT & PTTEP

Supplementary 2/8

PTTEP Projects Information

Project Production Phase Thailand 1 Arthit 2 3 B6/27 B8/32 & 9A PTTEPs Share 80% 60% 25% Chevron MOECO JX Nippon Chevron MOECO KrisEnergy PSTL TOTAL British Gas Chevron MOECO Chevron Hess MOECO ExxonMobil Chevron MOECO PSTL Chevron MOECO Partners Q1 2013 Average Sales Volume * Gas Oil and Other 16% 4% 40% 51.66% 16.71% 4.63% 2% 33.3333% 22.2222% 71.25% 23.75% 35% 15% 5% 80% 51% 21.25% 6.375% 71.25% 23.75% 241 MMSCFD Condensate: 10k BPD N/A 123 MMSCFD N/A Crude: 32k BPD 2013 Key Activities

Ensure gas deliverability at 220 MMSCFD Drill Appraisal wells to appraise petroleum reserves and resources Conduct Appraisal activities Maximize oil production and sustain gas deliverability Drill Exploration well Maintain production plateau as per GSA commitment Drill Exploration/Appraisal wells to appraise petroleum reserves and resources Optimize oil production and maintain gas deliverability Drill development wells and install wellhead platforms Maintain production plateau as per GSA commitment Drill development wells and install wellhead platforms Maximize gas deliverability Maintain production rate Drill Exploration wells to appraise petroleum reserves and resources Maximize oil production Maintain and maximize production rate Maintain production level above 30,000 BPD Continue Exploration activities Conduct 3D Seismic Interpretation Maintain production plateau Maintain production plateau as per GSA commitment Continue exploration activities Increase Leismer production up to production capacity and optimize well and facilities performance Continue development of Leismer Expansion and Corner Project Conduct Winter Evaluation Program (WEP) e.g. Appraisal/Delineation wells, including 3D seismic Maintain Gas and Condensate production Continue exploration and appraisal activities Maintain production rate Maintain production plateau as per GSA commitment Maintain production plateau as per GSA commitment

4 5 6 7 8 9 10 11 12 13

Bongkot Contract 3 (Unocal III) Contract 4 (Pailin) E5 G4/43 G4/48 PTTEP 1 S1 Sinphuhorm MTJDA

44.4445 % 5% 45% 20% 21.375% 5% 100% 100% 20% 50%

918 MMSCFD Condensate: 32k BPD 607 MMSCFD Condensate: 16k BPD 389 MMSCFD Condensate: 15k BPD 15 MMSCFD 1 MMSCFD 7 MMSCFD 25 MMSCFD 116 MMSCFD Condensate: 0.5k BPD 253 MMSCFD Condensate: 6k BPD 43 MMSCFD

Crude: 26k BPD

Crude: 5k BPD Crude: 3k BPD Crude: 0.3k BPD Crude: 33k BPD -

Hess Apico ExxonMobil PetronasCarigali Statoil

35% 35% 10% 50%

Overseas 14 Oil Sands KKD 15 16 17 18 Oman 44 Vietnam 9-2 Yadana Yetagun

40% 100% 25% 25.5% 19.3178 %

60%

Bitumen: 14k BPD Crude: 2k BPD Crude: 4k BPD -

PetroVietnam

SOCO TOTAL Chevron MOGE PetronasCarigali MOGE Nippon Oil PC Myanmar

(Hong Kong) PetroVietnam

19

Vietnam 16-1

28.5%

SOCO OPECO

50% 25% 31.24% 28.26% 15% 30.00140 % 20.4541% 19.3178% 10.90878 % 41% 28.5% 2%

16 MMSCFD 766 MMSCFD 389 MMSCFD Condensate: 8k BPD

Crude: 50k BPD

Maintain production rate

* Sales volume stated at 100% basis

Supplementary 3/8

PTTEP Projects Information

Project Development Phase : Overseas 20 Algeria 433a & 416b (Bir Seba) PTTEPs Share 35% PetroVietnam Sonatrach Partners 2013 Key Activities

40% 25%

Bir Seba & MOM Oil Field Development Finalize bidding Engineering Procurement & Construction (EPC) and drill development wells Expect production to reach 20,000 BPD in 2014 Continue development activities Complete 3D Seismic in Zawtika East (continued from 2011) First gas expected at end of 2013 Daily contractual quantity at 300 MMSCFD (80% to Thailand and 20% to Myanmar) Montara : first production in 1Q 2013 with the maximum capacity of 35,000 BPD Drill additional well in Cash/Maple field to appraise petroleum resources FLNG finalize Pre-FEED Study and proceed with FEED

21

Myanmar Zawtika (M9 & a part of M11)

80%

Myanma Oil and Gas Enterprise (MOGE)

20%

22

PTTEP Australasia (PTTEP AA)

20%100% (varied by permits) 100%

23

L53/43 & L54/43

Drill 4 Exploration wells /additional 3D Seismic acquisition

Supplementary 4/8

PTTEP Projects Information

Project Exploration Phase Thailand 24 A4, 5 & 6/48 25 G9/43 26 L21/48 & L28/48 27 L22/43 Overseas 28 Algeria Hassi Bir Rekaiz 29 30 31 Australia WA-423-P Cambodia B Indonesia Semai II PTTEPs Share Partners 2013 Key Activities

100% 100% 70% 100%

Resourceful Petroleum (Thailand)

30%

3D Seismic acquisition and processing Pending activities and waiting for final boundary resolution (overlapping area Thai Cambodia) Drill 1 Exploration well in L21/48 and conduct G&G studies Drill 2 Exploration wells and 2 Appraisal wells Drill 4 Exploration wells /additional 3D Seismic acquisition Complete Exploration Phase 1 Prepare for Exploration Phase 2 Drill 1 Exploration well Completed evaluation work and prepare for relinquishment (pending government approval) Drill 2 Exploration wells Conduct G&G studies Continue G&G studies Continue G&G studies and 2D seismic processing for new oil play potential Continue 3D seismic data interpretation and G&G studies from 2012 PSC decision whether to continue or close out project Continue 3D seismic data interpretation and G&G studies from 2012 PSC decision whether to continue or close out project Drill 4 appraisal wells (M3) / 1 Exploration well (M11) Received approval from Myanmar Government on M11 farm-out to TOTAL & JX NOEX Continue 3D seismic acquisition and G&G studies from 2012

24.5% 30% 33.33% 28.33%

32 33 34 35 36

Indonesia South Mandar Indonesia Malunda Indonesia Sadang Indonesia South Sageri Myanmar M3 Myanmar M11 New Zealand Great South Vietnam B & 48/95

34% 100% 30% 20% 80% (1) 45% 18%

CNOOC Sonatrach Murphy Diamond Resources Resourceful Petroleum SPC Murphy INPEX PT Pertamina Hulu Energi Semai II Talisman TOTAL Talisman TOTAL Talisman TOTAL MOECO TOTAL, JX NOEX Shell OMV Mitsui E&P Chevron MOECO PVEP Chevron PVEP MOECO WinPreciousResources Anadarko, Mitsui, ENH, Bharat Petroleum, Videocon Anadarko, Maurel&Prom, ENH, Wentworth Resources BG, Premier, Pan Cont. BG, Premier, Pan Cont. Anadarko, Total

24.5% 51% 40% 30% 33.33% 33.33% 28.33% 28.33% 15% 33% 33% 40% 30% 35% 45% 20% 40%, 15% 50% 18% 14% 42.38% 25.62% 23.5% 43.4% 30% 19.6% 10% 36.5%,20% 15%,10%,10% 35.7%,27.7% 15%,11.6% 40%,20%,15% 45%,25%,15% 50%,40%

37

38

8.5%

Finalize commercial agreements and achieve FID

39

Vietnam 52/97

7%

Finalize commercial agreements and achieve FID

40 41

PSC-G and EP-2 Mozambique Rovuma Offshore Area 1 Mozambique Rovuma Onshore Kenya L10A Kenya L10B Kenya L5, L7, L11, L11B, L12

90% 8.5%

2D seismic acquisition Evaluate prospects and prepare for drilling campaign Drill Exploration and Appraisal wells Complete FEED / FID for Mozambique LNG Project Drill Exploration wells Drill Exploration wells

42

10%

43

25% 15% 10%

44

Conduct 3D seismic acquisition Drill Exploration wells

Note: (1) Subject to an official approval from the government of Republic of the Union of Myanmar

Supplementary 5/8

Corporate Social Responsibility

From Natural Treasure to Intellectual Wisdom and Environmental Conservation

Conservation of Natural &

Environment Resources

Health & Educational

development

Quality of life Improvement

The Reforestation of Mangrove Project 746 rai in Chantaburi Thai / Natural Heritage & World

Mobile Library Project : for 8 schools in Khon Khaen Educational Promotion / Health

Natural Gas for Community Farmers and Environment Project, made good use of the gas in a community enterprise at Nong Tum The PTTEP Ruam Jai Patthana Employee Club ,committed to social improvement activities Local Culture Conservation : School mini-farm in Khon Kaen

Heritage projects : 5 Sites

The reforested mangrove project in Bang Khun Thian Hornbill and Tiger Research Projects

and Hygiene Development in

Republic of the Union of Myanmar PTTEP Tutor Camp in areas of operation

Supplementary 6/8

Organization Structure
Board of Directors and Several Committees to Ensure Transparency and Integrity
Board of Directors
Corporate Governance Committee Audit Committee Nominating Committee Remuneration Committee Risk Management Committee
Internal Audit Corporate Safety, Security, Communication Health & and Reputation Environment Division Division Safety, Security, Security, Safety, Health & & Health Environment Environment Division Division

President and Chief Executive Officer

Legal Division Division Legal Finance and Accounting Group Accounting Division Division Accounting Finance and and Strategic Strategic Finance Information Technology Technology Division Division Information

Corporate Corporate Secretary Office Office Secretary

Office of President & CEO Strategy and Business Development Group Canada Asset Business Development Division 1 Domestic Asset Group Bongkot Asset Arthit Asset S1 Asset Business Development Division 2 Business Development Division 3 Corporate Strategy Division

Enterprise Risk and Management, Finance Strategic Internal Control, and Insurance Division Information Technology
Human Resources and Business Services Group Human Resources Resources Division Division Human

Finance and Strategic Corporate Knowledge and Information Technology Division Technology Management Division
Operations, Supply Chain, and Technology Group Supply Chain Management Division Well Technology Division

International Asset Group International Asset Australia Asset Myanmar Asset East Africa Asset

Geosciences, Reservoir Engineering & Exploration Group Exploration & New Venture Division Geosciences & Reservoir Engineering Technology Division

Development and Engineering Group Field Development Planning Division Engineering, Construction and Maintenance Division

Note: Updated as of 1 March 2013

Supplementary 7/8

Ratio formula
Ratio Lifting Cost ($/BOE) Cash Cost ($/BOE) Unit Cost ($/BOE) F&D Cost ($/BOE) F&D Organic Cost ($/BOE) Reserves Replacement Ratio Reserves Life Index (Year) Formula (Operating Exp. Transportation Cost Stock Variation Other expense not related to lifting) / Production

Volume
(Operating Exp. + SG&A + Royalty & SRB) / Sales Volume (Operating Exp. + Exploration Expense + SG&A + Royalty + DD&A) / Sales Volume (5 Yr Avg. of Acquisition + 5-Yr Avg. of (Expl.+ Dev. Cost )) / 5 Yr Avg. of additional reserves 5-Yr Avg. of (Expl.+ Dev. Cost )) / 5 Yr Avg. of additional reserves excluded 5 Yr Avg. of Acquisition 5-Yr Additional Proved Reserves / 5-Yr Production Volume Proved Reserves / Production Volume Number of wells with petroleum discovery / Total number of exploration and appraisal wells (Sales + Revenue from pipeline transportation) - (Operating expenses + Exploration expenses + Administrative expenses + Petroleum royalties and remuneration + Management's remuneration) EBITDA / Sales Revenue Trailing-12-month net income / Average shareholders' equity between the beginning and the end of the 12month period

Success Ratio
EBITDA

EBITDA Margin
Return on Equity

Total Interesting Bearing Debt

Total Debt to Equity Ratio Total Debt to EBITDA Ratio Dividend Payout Ratio

Short-term loans from financial institution + Current portion of long-term debts + Bonds + Long-term loans
from financial institution Total interest bearing debt/ Shareholders' equity

Total interest bearing debt / Trailing-12-month EBITDA

Dividend Payment / Net Profit

Supplementary 8/8