2011-2016 Strategic Direction

  1. Assure our Licence to Operate

    • Sustain Montara Action Plan
    • Deliver strong SSHE performance
    • Zero legal non-compliance

  2. Deliver production and project commitments

    • Montara start up 1st Quarter, 2013
    • Decommissioning Jabiru and Challis fields safely and cleanly

  3. Create value in greenfield opportunities and existing assets - 100 million barrels (MMbbl) of 2P reserves added by 2015

    • Extend Montara production plateau
    • Explore high impact permits in 2013 drilling program
    • Pursue farm in/farm out strategy to build portfolio

  4. Secure LNG business opportunities

    • Appraise Cash & Maple fields for FLNG
    • Select FLNG technology and strategic partners
    • Partner in major LNG project and leverage Thai market advantage

  5. Integrate PTTEP systems, processes, and culture to leverage resources for growth

  6. Build trusting relationships with stakeholders: employees, government, regulators, industry and community