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

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

3. Thailand’s Petroleum BalanceDomestic 34% Total = 1,576 8 Refineries Total Capacity 1,042,000 BBLD Consumption Procurement Refinery 66% Total = 1,194 Imported 6 Gas Separate Plants 1,800 MMSCFD Gas444 Oil Product750 Oil Product 48 Crude846 Gas152 Gas383 Crude88 Condy59 Crude50 Oil Product92 Jan – May 2005 Export 34% of Procurement 44% of Domestic Consumption Unit: BOED Total142

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

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

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

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

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

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

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