chevron thailand overview

© 2011 Chevron Corporation. All rights reserved.

Chevron Thailand Overview

Pairoj Kaweeyanun Chevron Thailand Exploration and Production February 11, 2011

1


Chevron Thailand Exploration and Production

Chevron business in Thailand

Upstream

Operated since 1962 with first production in 1981

14 concession blocks with 23 operating fields

Cumulative Production 9.6 TCF Gas, 603 mmbbls Oil & Condensate

Daily delivery average*

Gas 1,509 mmcfd Condensate 44,728 barrels Oil 81,459 barrels

Expect to invest several billion dollars over the next 10 years * (As of January 2011)


Chevron Thailand E&P - Resources to Sales

- 7 CPPs, 2 OCPPs

- 3 FSO/ 1 FPSO

>4,000 dev. wells

> 220 platforms

Daily Production (January 2011):

-Gas 1,509 mmscfd

-Condy 44,728 bcpd

-Oil 81,459 bopd

- 5 GSAs

C1, C235, C4, B8/32, Arthit

Power Generation 69%

- 14 blocks are CVX operated

- 5 blocks are PTTEP operated

-9 blocks are OCA

Feedstock for Petrochemical 17%

Fuel for industry 10%

-1 domestic condensate sales agreement - 2 domestic crude sales contracts - More than 80% of total liquid sales domestically NG for Vehicle 4%


Key Business Challenges

Safety and Reliability

Meet increasing long term gas and power demand

Capital Efficiency and Disciplined Cost Management

EHIA process and approval

Emerging environmental issues

Shortage of skilled personnel


Execute with Excellence Safety Performance

2010 2009 2008 2007

BBS Observations At Risk/Total Cards

Fatalities

Days Away from Work cases

Restricted Work cases

Medical Treatment cases

First Aid cases

Near Misses

Hazard Identifications

Operational Excellence Management System is foundation

STOP WORK AUTHORITY is a key enabler for managing safe work Increased effort on process safety and environment stewardship


0

10

20

30

40

50

60

70

80

1980

1982

1984

1986

1988

1990

1992

1994

1996

1998

2000

2002

2004

2006

2008

2010

PDC’s, OBM, reduce hole size (‘82-’84)

Top Drives

Slim hole monobore

Timeline of Drilling Technology PDC Bits 1982 Oil Based Mud 1982 Simpler Completions 1983 Unitized Wellheads 1984-87 MWD Tool 1985 Top Drive Rotary Systems 1985 Steerable Drilling Systems 1985 Super Combo Logs 1985 Steering Tools 1988 Adjustable Stabilizers 1991 TCP Completions 1993 Slim Hole Monobores 1995 Splitter Wellheads 1996 LWD tools 2000 Offline Activity Center (pipe handling) 2004 Offline open hole logging 2008 4 to 3

casing strings

Day

s

(TVD’s increasing)

Execute with Excellence Drilling performance

Offline Under Rig Floor ops

days


Execute with Excellence Base Business Process- Maximizing asset value

Reduce production decline rates by identifying opportunity and implementing solutions that • Monetize reserves • Improve the reliability of wells and facilities • Optimize the capability of the reservoir, wells and facilities

© 2011 Chevron Corporation. All rights reserved. 8 8

Growth Plan - Platong Gas II Project

Inlet Sep (3 phases Separator)

Production Compressor

Dehydration unit

Turbo Expander

Booster Compressor

Mercury Removal Unit

Pipeline Compressor

Sale Gas Metering

TEG Regeneration

Fuel Gas Unit

Liquid Heater

Condensate Sep (3 phases Separator)

Condensate Stabilizer

VRC

Produce Water Treatment

Water Injection skids

Recycle to Inlet Separator

Gas Export

Condensate Export

Water Injection

MP gas from PLOCPP2

Wet Gas Comp

LP Gas from PLOCPP2 Inlet sep

LP Gas From Gas II Reserve

Design Basis CPP2 Design Capacity : 420 mmscfd Key Project Milestones First Gas: 2012

CPP2 Central

Processing Platform

LQ2 - Living Quarters Platform


Shore Base Project in NST

Location: Ban Bang San, Klai Sub-district, Tha Sala district, Nakhon Si Thammarat Project Details: (total area 395 rais) Marine Jetty 330 m. (with 600 m. long bridge) Warehouse/Office Bulk Plants Lay-down/Storage areas Access Road, and buffer zone

Key achievements and project milestones: Front End Engineering Design 100% completed Coastal modeling 100% completed HIA Public Scoping (PP1) March 2010 HIA Public Review (PP2) August 2010 EIA Submittal September 2010 Complete Detail Design July 2011 EIA & Permits Approval December 2011* Construction Start Q1 2012* Operate as single shore base Q3 2013*

Note: * expected dates only


New Aviation Center in Nakhon Si Thammarat (NST)

New aviation center (located in NST commercial airport)

Operations start on January 6, 2011

Service 12-seat helicopters (S76C++) with an average of daily 12 flights, during 6:00-17:30 hrs.

Night flights operated only in case of emergency (max of 20 flights a day including training, maintenance and emergency flights)

About 8,200 inbound and outbound passengers per month

The new airbase is operated based on international safety and environmental standard

Flying from this single base helps reduce total average traveling distance, more cost-effective, increasing efficiency in operations and safety of employees.


To become part of the NST communities, Chevron personnel (employees and contractors) should understand and appreciate local traditions and respect people’s ways of life.

“Do’s and Don’ts for newcomers to NST” brochure has been produced by applying Chevron’s core values as the behavioral guidelines for working, traveling and daily living in the NST province.

The brochure was distributed at the check-in counter at the NST Aviation Center and can be downloaded from “Contractor Safety” webpage on www.chevronthailand.com

http://www.chevronthailand.com/ContractorSafety/default.asp

http://www.chevronthailand.com/ContractorSafety/default.asp�

http://www.chevronthailand.com/ContractorSafety/default.asp�


Corporate Responsibility is a core value

4 Es Strategy

Education

Environment

Energy Conservation

Employee Engagement


Community Outreach in 10 key provinces via Department Offsite and Volunteer Programs

13

Chon

Buri

Chumphon Bangkok Nakhon Si

Thammarat

Rayong Samut

Prakan

Samut

Sakhon

Samut

Songkhram

Song

khla

Surat

Thani

Years/

Activities

2009

Total

28,000

105 schools

19 schools

25 schools

42,700

2,000

9,540

119,335

School

renovation

Tree

planting

2008

Fish& crab

releasing

86,040

12 Strategic Provinces along the Gulf of Thailand

2010 61 schools 48,500

74,635


A Continuing Commitment to Thailand

Long term investment in the country

A reliable and efficient energy supplier

A socially and environmentally responsible corporate citizen

Focus on development of Thai technical professionals and future leaders

Deliver high performance Safely and the Right Way

Thank you

chevron thailand overview

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