MOGE Aggressive MOGE Aggressive Exploration Exploration ProgrammeProgramme

♣♣ To explore & produce oil and To explore & produce oil and gas in onshore areas for selfgas in onshore areas for self--sufficiencysufficiency

♣♣ ToTo oversee and cooperate the oversee and cooperate the PSCsPSCs in Offshore areasin Offshore areas

Block Map of MyanmarBlock Map of Myanmar

OIL & GAS FIELDS OF MYANMAR OIL & GAS FIELDS OF MYANMAR (ONSHORE)(ONSHORE)

SR NO.SR NO. OIL & GAS FIELDSOIL & GAS FIELDS YEAR OF DISCOVERYYEAR OF DISCOVERY REMARKSREMARKS11 YENANGYAUNGYENANGYAUNG 18871887 PRODUCINGPRODUCING22 AYADAWAYADAW 18931893 PRODUCINGPRODUCING33 CHAUKCHAUK 19021902 PRODUCINGPRODUCING44 PAYAGONPAYAGON 19591959 SUSPENDEDSUSPENDED55 MYANAUNGMYANAUNG 19641964 PRODUCINGPRODUCING66 PYAYPYAY 19651965 PRODUCINGPRODUCING77 SHWEPYITHASHWEPYITHA 19671967 PRODUCINGPRODUCING88 PYALOPYALO 19691969 SUSPENDEDSUSPENDED99 MANNMANN 19701970 PRODUCINGPRODUCING

1010 LETPANDOLETPANDO 1974 1974 PRODUCED FOR PRODUCED FOR 2 YEARS & SUSPENDED2 YEARS & SUSPENDED

1111 PEPPIPEPPI 19761976 PRODUCINGPRODUCING1212 HTAUKSHABINHTAUKSHABIN 19781978 PRODUCINGPRODUCING1313 HTANTABINHTANTABIN 19801980 SUSPENDEDSUSPENDED1414 KANNIKANNI 19851985 PRODUCINGPRODUCING1515 APYAUKAPYAUK 19911991 PRODUCINGPRODUCING1616 SHWEGUSHWEGU 19941994 SUSPENDEDSUSPENDED1717 KYAUKKWET /KYAUKKWET / 19951995 PRODUCINGPRODUCING

LETPANDOLETPANDO1818 INDAINGINDAING 19961996 SUSPENDEDSUSPENDED1919 NYAUNGDONNYAUNGDON 19991999 PRODUCINGPRODUCING2020 THARGYITAUNG/SABETHARGYITAUNG/SABE 2001 2001 PRODUCINGPRODUCING

SHWE

Crude Oil andCrude Oil andNatural Gas ReservesNatural Gas Reserves

Proved RecoverableProved RecoverablePetroleum ReservesPetroleum Reserves(as at 1(as at 1--44--2008)2008)

LocationLocation CrudeCrude NaturalNaturalOilOil GasGas

(MMBBL) (TSCF) (MMBBL) (TSCF)

Onshore 112.325 0.46Onshore 112.325 0.46

Offshore 100.892 17.00Offshore 100.892 17.00

3 TYPES OF BLOCKS3 TYPES OF BLOCKSEXPLORATION / PRODUCTION EXPLORATION / PRODUCTION ( EP ) / (PSC)( EP ) / (PSC)IMPROVED PETROLEUM RECOVERY IMPROVED PETROLEUM RECOVERY ( IOR )( IOR )PERFORMANCE COMPENSATION CONTRACT PERFORMANCE COMPENSATION CONTRACT (PCC)(PCC)REACTIVATION OF SUSPENDED FIELDS REACTIVATION OF SUSPENDED FIELDS ( RSF )( RSF )

Type of BlockType of Block No. of BlocksNo. of Blocks RemarksRemarksPSC & EP 30 (Onshore) ExplorationPSC 26 (Offshore) Areas

IOR / PCC 7 (Onshore) ImprovedOil Recovery

RSF 10 (Onshore) Marginal FieldDevelopment

----------------------------------------------------------------------Total 47 Blocks (Onshore)

26 Blocks (Offshore-Shallow Water)18 Blocks (Offshore-Deep Water)

-----------------------------------------------------------------------

Concession BlocksConcession Blocks

OTHER OIL COMPANIES OTHER OIL COMPANIES ACTIVITIESACTIVITIES

CompanyCompany (Operator)(Operator) BlockBlock//AreaArea

MPRL MPRL ((MyanmarMyanmar)) MOGEMOGE--22((NN)) ((Mann FieldMann Field))Goldpetrol Goldpetrol ((IndonesiaIndonesia)) MOGEMOGE--11 ((Yenangyaung Yenangyaung

FieldField))IORIOR--22 ((Chauk FieldChauk Field))

FEL FEL ((HongkongHongkong)) MOGEMOGE--22((SS)) ((Htaukshabin Htaukshabin FieldField))

Chinnery Assets LtdChinnery Assets Ltd((ChinaChina)) IORIOR--44 ((Pyay FieldPyay Field))CNOOC CNOOC ((ChinaChina)) PSCPSC--MM ((KyaukphyuKyaukphyu))

PSCPSC--CC11 ((IndawIndaw))PSCPSC--CC22 ((ShweboShwebo--

MonywaMonywa))SINOPEC SINOPEC ((ChinaChina)) PSCPSC--DD ((MahudaungMahudaung))ESSAR Group ESSAR Group ((IndiaIndia)) PSCPSC--LL ((SittwaySittway))SILVERWAVE ENERGY SILVERWAVE ENERGY BB--22 ((ZebyutaungZebyutaung--SILVERWAVE SPUTNIKSILVERWAVE SPUTNIK NandawNandaw))

Current Onshore Activities by CompaniesCurrent Onshore Activities by Companies

NOTE : In onshore area, NOTE : In onshore area, 1111 contracts have contracts have been signed with 8 foreign companies. The been signed with 8 foreign companies. The other onshore blocks are kept reserve for other onshore blocks are kept reserve for MOGE.MOGE.

COMPANIESCOMPANIES (Operator)(Operator) BLOCKSBLOCKS

TOTALTOTAL MM--5, M5, M--6 (6 (YadanaYadana))PETRONAS PETRONAS CarigaliCarigali MM--12, M12, M--13, M13, M--14 14

((YetagunYetagun))DAEWOODAEWOO AA--1 (1 (ShweShwe), A), A--3, AD3, AD--77PTTEPPTTEP MM--3, M3, M--4, M4, M--7, M7, M--9, M9, M--1111CNOOCCNOOC AA--4, M4, M--1010ESSAR ESSAR AA--22ZERUBEZHNEFTZERUBEZHNEFT MM--88DANFORD EQUITIESDANFORD EQUITIES YEBYEBMPRL E&P MPRL E&P AA--66SILVERWAVE ENERGYSILVERWAVE ENERGY AA--77UNOGUNOG MM--11CNPCCNPC ADAD--1, AD1, AD--6, AD6, AD--88ONGCONGC ADAD--2, AD2, AD--3, AD3, AD--99

In the offshore area, In the offshore area, 2727 contracts have been signed contracts have been signed with with 1313 foreign companies.foreign companies.

6 6 shallow water blocks are available for exploration shallow water blocks are available for exploration & development and & development and 1111 new deep water blocks are new deep water blocks are open for new investors.open for new investors.

Current Offshore Activities by CompaniesCurrent Offshore Activities by Companies

Major Offshore Projects Major Offshore Projects in in

Myanmar OffshoreMyanmar Offshore

YADANA GAS PROJECT SUMMARYYADANA GAS PROJECT SUMMARYLOCATIONLOCATION :: MOATTAMA OFFSHOREMOATTAMA OFFSHOREBLOCKSBLOCKS :: MM--5 / M5 / M--66SELLERSSELLERS :: TOTALTOTAL 31.24 %31.24 %

UNOCALUNOCAL 28.26 %28.26 %PTTEPPTTEP 25.50 %25.50 %MOGEMOGE 15.00 %15.00 %

BUYERBUYER :: PTT PlcPTT PlcRESERVESRESERVES :: 6.5 TCF6.5 TCFEXPORT DCQEXPORT DCQ :: 525 MMCFD / 565 MMCFD525 MMCFD / 565 MMCFDDOMESTIC GASDOMESTIC GAS :: 125 MMCFD125 MMCFDOFFSHORE FACILITIESOFFSHORE FACILITIES :: WELL HEAD PLATFORM 1 ( 7 WELLS )WELL HEAD PLATFORM 1 ( 7 WELLS )

WELL HEAD PLATFORM 2 ( 7 WELLS )WELL HEAD PLATFORM 2 ( 7 WELLS )WELL HEAD PLATFORM 3 ( 2 WELLS )WELL HEAD PLATFORM 3 ( 2 WELLS )PRODUCTION PLATFORMPRODUCTION PLATFORMLIVING QUARTER PLATFORMLIVING QUARTER PLATFORMFLARE PLATFORMFLARE PLATFORM

ONSHORE FACILITIESONSHORE FACILITIES :: PIPELINE CENTERPIPELINE CENTERMETERING STATIONMETERING STATION

PIPELINESPIPELINES :: 216 MILES 36216 MILES 36”” PIPELINE ( OFFSHORE )PIPELINE ( OFFSHORE )39 MILES 3639 MILES 36”” PIPELINE ( ONSHORE )PIPELINE ( ONSHORE )

START OF GAS EXPORTSTART OF GAS EXPORT :: 19981998PROJECT COSTPROJECT COST :: 1200 MM$1200 MM$

YETAGUN GAS PROJECT SUMMARYYETAGUN GAS PROJECT SUMMARYLOCATIONLOCATION :: TANINTHARYI OFFSHORETANINTHARYI OFFSHOREBLOCKSBLOCKS :: MM--12 / M12 / M--13 / M13 / M--1414SELLERSSELLERS :: PETRONASPETRONAS 40.75 %40.75 %

NIPPONNIPPON 19.40 %19.40 %PTTEPPTTEP 19.40 %19.40 %MOGEMOGE 20.45 %20.45 %

BUYERBUYER :: PTT PlcPTT PlcRESERVESRESERVES :: 4.16 TCF4.16 TCFEXPORT DCQEXPORT DCQ :: 200 / 260 / 400 MMCFD200 / 260 / 400 MMCFD

( ABOUT 30 BL CONDENSATE / MMCF )( ABOUT 30 BL CONDENSATE / MMCF )OFFSHORE FACILITIESOFFSHORE FACILITIES :: DRILLING PLATFORM ( 6 WELLS +4 DRILLING PLATFORM ( 6 WELLS +4

ADDITIONAL)ADDITIONAL)PRODUCTION PLATFORMPRODUCTION PLATFORMFSOFSO

ONSHORE FACILITIESONSHORE FACILITIES :: PIPELINE CENTERPIPELINE CENTERMETERING STATIONMETERING STATION

PIPELINESPIPELINES :: 126 MILES 24126 MILES 24”” PIPELINE ( OFFSHORE )PIPELINE ( OFFSHORE )42 MILES 2442 MILES 24”” PIPELINE ( ONSHORE )PIPELINE ( ONSHORE )

START OF GAS EXPORTSTART OF GAS EXPORT :: 20002000PROJECT COSTPROJECT COST :: ABOUT 700 MM$ABOUT 700 MM$

Current Offshore ActivitiesCurrent Offshore Activities

Block ABlock A--1 and A1 and A--3 Prospects3 Prospects

Block ABlock A--33RESERVES : 1.5 ~ 3.9 TCFRESERVES : 1.5 ~ 3.9 TCF

Shwe Nilar 1

Shwe Nilar 2

Shwe Nilar Prospect

Shwe Phyu Discovery

Shwe Discovery

Ngwe North Prospect

Mya DiscoveryBlock ABlock A--3 (3 (MyaMya Discovery)Discovery)

Possible Pipeline routes

1

4

32

Options for Blocks AOptions for Blocks A--1 & A1 & A--3 Gas Utilization3 Gas Utilization

1. Pipe gas to neighboring 1. Pipe gas to neighboring countriescountries(option 1,2,3 & 4)(option 1,2,3 & 4)

2. LNG2. LNG3. Special Economic Zone 3. Special Economic Zone (SEZ gas base) at nearby (SEZ gas base) at nearby landfalllandfall

BLOCKS A-3, MYANMAR Prospects & LeadProspects & Lead

Water Depth Map with Water Depth Map with MyaMya Discovery & other ProspectsDiscovery & other Prospects

Mya Well 2 (appraisal)

Mya Well 3 (appraisal)

Well #1 (exploration)

Provisional well #1

MYA Well 1 discovery

Prospect KYAUK SEIN

Prospect THANDAR

1000m 500m

1500m

Lead A

DRILLING PROGRAMME IN BLOCK ADRILLING PROGRAMME IN BLOCK A--33

Wells to be drilled in early 2007

Location map of Prospects in Block MLocation map of Prospects in Block M--99

The second drilling campaign focused only on M9 to evaluate HC potential in three areas, M9W, M9C and M9NE with the encouraging drilling plan of 7 wells by end 2007.

Zatila # 1 drilled in western part of Block M-9 discovered and some amount of condensate and gas.

MOGE OTHER ACTIVITIESMOGE OTHER ACTIVITIES

About 1660 miles of gas pipeline About 1660 miles of gas pipeline were constructed in onshore by were constructed in onshore by MOGE pipeline team.MOGE pipeline team.

Pipeline size varies from 6" to Pipeline size varies from 6" to 20".20".

NATURAL GAS MARKET

Onshore Gas PipelineOnshore Gas Pipeline

Offshore Gas PipelineOffshore Gas Pipeline

CNG / NGV PROGRAMME IN MYANMARCNG / NGV PROGRAMME IN MYANMARInitiated in Myanmar since 1986.1986 – August 2004 :

- 5 CNG Refueling Stations -- 2 in Yangon City- 2 in Yenangyaung Field- 1 in Chauk Field

- 587 NGVs (Converted from petrol buses)

CNG / NGV Programme was reactivated in

August 2004.As at May 2008 :

- 44 CNG Refueling Stations in Myanmar-- 39 in Yangon City- 2 in Mandalay City- 2 in Yenangyaung Field- 1 in Chauk Field

- 20,761 NGVs (Converted from both petrol / diesel cars

Future : CNG Refueling Stations will be installed along the existing domestic pipeline corridor.

9

(39)

10

CNG / NGV STATIONS CNG / NGV STATIONS

IN YANGONIN YANGON

Regional Cooperation

Myanmar in Regional CoMyanmar in Regional Co--operation operation ProgrammeProgrammeTransTrans--ASEAN Gas Pipeline (TAGP)ASEAN Gas Pipeline (TAGP)

MYANMAR

Myanmar contribute to certain extent the energy supply requiremeMyanmar contribute to certain extent the energy supply requirements nts of ASEAN, BIMSTEC, GMS and ACMECS in terms of natural gas.of ASEAN, BIMSTEC, GMS and ACMECS in terms of natural gas.

Investment Opportunities Investment Opportunities in Petroleum Exploration Sector in Petroleum Exploration Sector

in Myanmarin Myanmar

Newly Demarcated Deep Newly Demarcated Deep Water BlocksWater Blocks

-- RakhineRakhine Offshore Area Offshore Area 10 Blocks ( AD10 Blocks ( AD--1 to AD1 to AD--10 )10 )

-- Moattama/TanintharyiMoattama/TanintharyiOffshore Area Offshore Area 8 Blocks ( MD8 Blocks ( MD--1 to MD1 to MD--8 )8 )

-- YetagunYetagun East Block (YEB)East Block (YEB)

OPEN OFFSHORE BLOCKSOPEN OFFSHORE BLOCKS

-- Shallow Water Open Blocks : Shallow Water Open Blocks : AA--5, M5, M--2, 2, MM--15, M15, M--16, 16, MM--17, M17, M--1818

-- Newly Open Deep Water Blocks : 18 BlocksNewly Open Deep Water Blocks : 18 Blocks

Deep Water BlocksDeep Water Blocks

Sr.Sr.No.No.

Block Block NameName

Area / Area / Sq. MilesSq. Miles

Water DepthWater Depthft (m)ft (m)

1.1. AD AD -- 11 1,0421,042 1,500 1,500 --> 6,000 (457m > 6,000 (457m -- > 1,829m)> 1,829m)

2.2. AD AD -- 22 3,1273,127 > 6,000 (> 1829m)> 6,000 (> 1829m)

3.3. AD AD -- 33 3,8223,822 > 6,000 (> 1829m)> 6,000 (> 1829m)

4.4. AD AD -- 44 4,0774,077 > 6,000 (> 1829m)> 6,000 (> 1829m)

5.5. AD AD -- 55 4,0774,077 > 6,000 (> 1829m)> 6,000 (> 1829m)

6.6. AD AD –– 66 373373 17 17 –– 295 (5.18m 295 (5.18m -- 89.91m)89.91m)7.7. AD AD –– 77 650650 295 295 -- 4590 (89.91m 4590 (89.91m –– 1395.98m)1395.98m)

8.8. AD AD -- 88 2,0002,000 3280 3280 -- 6560 (979.56m 6560 (979.56m –– 1995.13m)1995.13m)

9.9. AD AD -- 99 3,0113,011 3280 3280 --> 6,560 (979.56m > 6,560 (979.56m --> 1995.13m)> 1995.13m)

10.10. AD AD -- 1010 3,5003,500 > 6,560 (> 1995.13m)> 6,560 (> 1995.13m)

RakhineRakhine Offshore (Offshore (ArakanArakan Deep) Deep) –– 10 Blocks.10 Blocks.

Deep Water Blocks (Cont.)Deep Water Blocks (Cont.)MoattamaMoattama & & TanintharyiTanintharyi Offshore (Offshore (MoattamaMoattama Deep) Deep) –– 8 Blocks8 Blocks..Sr.Sr.No.No.

Block NameBlock Name Area / Area / Sq. MilesSq. Miles

Water DepthWater Depthft (m)ft (m)

1.1. MD MD -- 11 3,2623,262 > 6,000 (> 1829m)> 6,000 (> 1829m)

2.2. MD MD -- 22 3,9883,988 1,500 1,500 --> 6,000 (457m > 6,000 (457m -- > 1,829m)> 1,829m)

3.3. MD MD -- 33 5,1355,135 600 600 --> 6,000 (183m > 6,000 (183m -- > 1,829m)> 1,829m)

4.4. MD MD -- 44 2,2782,278 3,000 3,000 --> 8,000 (914m > 8,000 (914m -- > 2,439m)> 2,439m)

5.5. MD MD -- 55 2,4522,452 6,000 6,000 --> 9,000 (1,829m > 9,000 (1,829m -- > 2,744 m)> 2,744 m)

6.6. MD MD -- 66 2,6832,683 6,000 6,000 --> 10,000 (1,829m > 10,000 (1,829m -- > 3,049m)> 3,049m)

7.7. MD MD -- 77 3,0113,011 3,000 3,000 --> 10,000 (914m > 10,000 (914m -- > 3,049m)> 3,049m)

8.8. MD MD -- 88 2,5102,510 2,500 2,500 --> 9,000 (762m > 9,000 (762m -- > 2,744m)> 2,744m)

Any interested parties are cordially Any interested parties are cordially invited to invest in Myanmar offshore invited to invest in Myanmar offshore

exploration.exploration.

•• Brief data overBrief data over--view of the blocks could view of the blocks could be done with MOGE technical team at be done with MOGE technical team at free of charge.free of charge.

•• Interested blocks should be applied to Interested blocks should be applied to Ministry of Energy or Energy Planning Ministry of Energy or Energy Planning Department for direct negotiation at any Department for direct negotiation at any time.time.