Project Thailand

Blocks 10, 11, 12, 13, 10A, 11A (MOECO)

Based on concession agreements with the Thai government, MOECO conducts exploration, development, and production of natural gas, condensate, and crude oil in the Gulf of Thailand together with the operator Chevron Thailand Exploration and Production Ltd. and PTTEP (PTT Exploration and Production Public Company Ltd.), in the 1st, 2nd, and 3rd gas sales agreement (GSA) areas of Blocks 10, 11, 12, and 13 (including Blocks 10A and 11A). MOECO began additional production in November 2011 as part of a project to expand the production of gas and condensate. MOECO also holds interests in Blocks 10, 11, 12, and 13 in the overlapping claim areas of Thailand and Cambodia.

Contract Area	Contract 1
Company	MOECO
Contract	Concession
Status	Producing
Project Interest	・Chevron Thailand Exploration and Production Ltd.* 80% ・MOECO 20%

Contract Area	Contract 2
Company	MOECO
Contract	Concession
Status	Producing
Project Interest	・Chevron Thailand Exploration and Production Ltd.* 70% ・MOECO 30%

Contract Area	Contract 3
Company	MOECO
Contract	Concession
Status	Producing
Project Interest	・Chevron Thailand Exploration and Production Ltd.* 71.25% ・MOECO 23.75% ・PTT Exploration and Production plc. 5%

Contract Area	Contract 5
Company	MOECO
Contract	Concession
Status	Producing
Project Interest	・Chevron Thailand Exploration and Production Ltd.* 60% ・MOECO 40%

(* Operator)

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Blocks B8/32, 9A (MI)

MOECO International B.V., a wholly owned subsidiary of MOECO, participates in the projects in blocks offshore Thailand through its affiliates Orange Energy Ltd. and B8/32 Partners Ltd.

The crude oil and natural gas are being produced from the Benchamas and Tantawan fields.

Contract Area	Blocks B8/32 & 9A
Company	Orange Energy Ltd. (OEL)
Contract	Concession
Status	Producing
Project Interest	・Chevron's group companies 51.66% (Operator is Chevron Offshore (Thailand) Limited) ・PTTEP Offshore Investment Co., Ltd. 25% ・MOECO International B.V. 16.706% ・Palang Sophon Ltd. 2% ・KrisEnergy Management Ltd. 4.634%

Contract Area	Block B8/32
Company	B8/32 Partners Ltd. (B8/32P)
Contract	Concession
Status	Producing
Project Interest	・Chevron's group companies 51.66% (Operator is Chevron Offshore (Thailand) Limited) ・PTTEP Offshore Investment Co., Ltd. 25% ・MOECO International B.V. 16.706% ・Palang Sophon Ltd. 2% ・KrisEnergy Management Ltd. 4.634%

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MOECO (Block G4/43)

Block G4/43 is located in offshore Thailand and crude oil and natural gas are being produced from this block.

Contract Area	Block G4/43
Company	MOECO
Contract	Concession
Status	Producing
Project Interest	・Chevron Offshore （Thailand） Ltd.* 51% ・PTTEP International Ltd. 21.375% ・MOECO 21.25% ・Palang Sophon International Ltd. 6.375%

(* Operator)

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Block B12/27 (MOT)

Block B12/27 is located in offshore Thailand and condensate and natural gas are being produced from this block.

Contract Area	Block B12/27
Company	Moeco Thai Oil Development Co., Ltd. (MOT)
Contract	Concession
Status	Producing
Project Interest	・PTT Exploration and Production plc. 45% ・Chevron Thailand Exploration and Production Ltd.* 35% ・Hess (Thailand) Limited 15% ・MOT 5%

(* Operator)

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Blocks 14A, 15A, 16A (MTC)

Blocks 14A, 15A, 16A, collectively known as Arthit is located in the offshore Thailand and natural gas and condensate are being produced from these blocks.

Contract Area	Blocks 14A, 15A, 16A
Company	Moeco Thailand Co., Ltd. (MTC)
Contract	Concession
Status	Producing
Project Interest	・PTT Exploration and Production plc.* 80% ・Chevron Thailand Exploration and Production Ltd. 16% ・MTC 4%

(* Operator)

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Blocks G4/50, G6/50, G7/50, G8/50 (MOECO)

These blocks are located in offshore Thailand and the exploration activities are continuing. All the blocks moved into second exploration period began in December 2010 and currently the geological survey has been conducted.

Contract Area	Block G4/50
Company	MOECO
Contract	Concession
Status	Exploration
Project Interest	・MOECO* 100%

Contract Area	Block G6/50
Company	MOECO
Contract	Concession
Status	Exploration
Project Interest	・Chevron Petroleum (Thailand) Ltd.* 71.25% ・MOECO 23.75% ・PTTEP International Ltd. 5%

Contract Area	Block G7/50
Company	MOECO
Contract	Concession
Status	Exploration
Project Interest	・Chevron Petroleum (Thailand) Ltd.* 35% ・PTTEP International Ltd. 45% ・Hess Exploration (Thailand) Co., Ltd. 15% ・MOECO 5%

Contract Area	Block G8/50
Company	MOECO
Contract	Concession
Status	Exploration
Project Interest	・PTTEP International Ltd.* 80% ・Chevron Petroleum (Thailand) Ltd. 16% ・MOECO 4%

(* Operator)

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Block G4/48 (MOECO)

Block G4/48 is located in the offshore Thailand and crude oil and natural gas have been produced since August 2009.

Contract Area	Block G4/48
Company	MOECO
Contract	Concession
Status	Producing
Project Interest	・Chevron Pattani Ltd.* 71.25% ・MOECO 23.75% ・PTTEP International Ltd. 5%

(* Operator)

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Block G9/48 (MOECO)

MOECO signed concession agreement and acquired this block on November 18, 2009. The geological survey and other exploration activities have been conducted in the block.

Contract Area	Block G9/48
Company	MOECO
Contract	Concession
Status	Exploration
Project Interest	・PTTEP International Ltd.* 80% ・Chevron Pattani Ltd. 16% ・MOECO 4%

(* Operator)

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Blocks L10/43, L11/43 (SML)

Blocks L10/43, L11/43 are located in onshore Thailand and this is our first operator project outside Japan.

SML confirmed the presence of crude oil through exploration activities.

Contract Area	Blocks L10/43, L11/43
Company	Siam Moeco Ltd. (SML)
Contract	Concession
Status	Exploration and Preparation for development
Project Interest	・SML* 70% ・GS Caltex Corporation 30%

(* Operator)

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