YADANA PROJECT - SOCIO ECO ACTIVITIES. Local Content

Transcription

1 YADANA PROJECT - SOCIO ECO ACTIVITIES Local Content

2 YADANA PROJECT Consortium Partners Total E&P Myanmar (France) (operator) Key Dates Chevron (US) PTT-EP (Thailand) MOGE (Myanmar) Production : approx. 780 MMSCFD (2012 ) ~ 586 MMSCFD exported to Thailand ~ 186 MMSCFD supplied to Myanmar Important Regional Energy Source 20% of Thailand Gas Power Generation Supply 1992 : PSC signed 1995 : Start of Construction 1996: Start of Socio Eco program 1998 : First Gas Delivery Contract duration : 30 years (till 2028) 70% of Myanmar Gas Supply Long-Term Commitment in Myanmar Local Content Socio Eco - Feb

3 SOCIO-ECONOMIC PROGRAMS IN YADANA PIPELINE AREA Rural, fairly isolated and sparsely populated area, located in Tanintharyi division Population : Over 38,000 people Main sources of income Inland: agriculture (rubber, cashew, coconut, vegetables ) and breeding (pigs, cattle, chickens ) Coastal area : fishing and rice culture Community Development & communication Infrastructure Agriculture Key Areas Healthcare Education Veterinary Microfinance Local Content Socio Eco - Feb

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9 Cummulative total project distribution by partner,

10 PRODUCTION JOINT VENTURE PROFIT DISTRIBUTION Year Joint venture profit Past costs (paid to MOGE) MOGE share of profit (as government) Producers share of profit TOTAL share ( % of producers share) Chevron share ( % of producers share) PTTEP share (25.5% of producers share) MOGE share (15% of producers share) 1998 $12,769, $7,485, $5,107, $175, $54, $49, $44, $26, $70,410, $21,908, $28,828, $19,673, $6,145, $5,560, $5,016, $2,951, $121,261, $687, $66,173, $54,401, $16,993, $15,375, $13,872, $8,160, $131,400, $0.00 $83,112, $48,288, $15,084, $13,647, $12,313, $7,243, $127,405, $0.00 $70,620, $56,785, $17,738, $16,048, $14,480, $8,517, $147,783, $0.00 $90,332, $57,450, $17,945, $16,236, $14,649, $8,617, $197,060, $0.00 $118,236, $78,824, $24,622, $22,277, $20,100, $11,823, $403,295, $0.00 $241,977, $161,318, $50,391, $45,592, $41,136, $24,197, $548,798, $0.00 $329,278, $219,519, $68,572, $62,041, $55,977, $32,927, $609,091, $0.00 $365,455, $243,636, $76,106, $68,857, $62,127, $36,545, $827,612, $0.00 $496,567, $331,045, $103,410, $93,561, $84,416, $49,656, $776,040, $0.00 $465,624, $310,416, $96,966, $87,731, $79,156, $46,562, NOTES: 1. The MOGE share of the profit is taken from actual figures from 1998 through mid-2003, and estimated at 60% of the profit thereafter. 2. Past costs are taken from actual payment figures. TAXES ON PRODUCTION JOINT VENTURE PROFITS Year TOTAL share ( % of producers share) Taxes on TOTAL share (30% after Aug. 1, 2001) TOTAL share after taxes Chevron share ( % of producers share) Taxes on Chevron share (30% after Aug. 1, 2001) Chevron share after taxes PTTEP share (25.5% of producers share) Taxes on PTTEP share (30% after Aug. 1, 2001) PTTEP share after taxes 1998 $54, $0.00 $54, $49, $0.00 $49, $44, $0.00 $44, $6,145, $0.00 $6,145, $5,560, $0.00 $5,560, $5,016, $0.00 $5,016, $16,993, $0.00 $16,993, $15,375, $0.00 $15,375, $13,872, $0.00 $13,872, $15,084, $1,838, $13,245, $13,647, $1,663, $11,984, $12,313, $1,500, $10,812, $17,738, $5,321, $12,416, $16,048, $4,814, $11,234, $14,480, $4,344, $10,136, $17,945, $5,383, $12,562, $16,236, $4,871, $11,365, $14,649, $4,394, $10,254, $24,622, $7,386, $17,235, $22,277, $6,683, $15,594, $20,100, $6,030, $14,070, $50,391, $15,117, $35,274, $45,592, $13,677, $31,914, $41,136, $12,340, $28,795, $68,572, $20,571, $48,000, $62,041, $18,612, $43,429, $55,977, $16,793, $39,184, $76,106, $22,831, $53,274, $68,857, $20,657, $48,200, $62,127, $18,638, $43,489, $103,410, $31,023, $72,387, $93,561, $28,068, $65,493, $84,416, $25,324, $59,091, $96,966, $29,089, $67,876, $87,731, $26,319, $61,411, $79,156, $23,746, $55,409, NOTES: 1. The three-year tax holiday ended on August 1, We estimated taxes for five months of the year in 2001.

11 TOTAL PRODUCTION JOINT VENTURE TAXES AND AFTER-TAX INCOME Year Taxes on TOTAL share (30% after Aug. 1, 2001) Taxes on Chevron share (30% after Aug. 1, 2001) Taxes on PTTEP share (30% after Aug. 1, 2001) Total taxes TOTAL share after taxes Chevron share after taxes PTTEP share after taxes Total private company share after taxes 1998 $0.00 $0.00 $0.00 $0.00 $54, $49, $44, $149, $0.00 $0.00 $0.00 $0.00 $6,145, $5,560, $5,016, $16,722, $0.00 $0.00 $0.00 $0.00 $16,993, $15,375, $13,872, $46,241, $1,838, $1,663, $1,500, $5,002, $13,245, $11,984, $10,812, $36,042, $5,321, $4,814, $4,344, $14,480, $12,416, $11,234, $10,136, $33,787, $5,383, $4,871, $4,394, $14,649, $12,562, $11,365, $10,254, $34,182, $7,386, $6,683, $6,030, $20,100, $17,235, $15,594, $14,070, $46,900, $15,117, $13,677, $12,340, $41,136, $35,274, $31,914, $28,795, $95,984, $20,571, $18,612, $16,793, $55,977, $48,000, $43,429, $39,184, $130,613, $22,831, $20,657, $18,638, $62,127, $53,274, $48,200, $43,489, $144,963, $31,023, $28,068, $25,324, $84,416, $72,387, $65,493, $59,091, $196,971, $29,089, $26,319, $23,746, $79,156, $67,876, $61,411, $55,409, $184,697, GLOBAL MOGE/BURMESE REGIME REVENUE (AFTER COSTS, INCLUDING DOMESTIC GAS) Year Taxes (30% after Aug. 1, 2001) MGTC distribution to MOGE (15%) Royalty (10% of ) Past costs (paid to MOGE) MOGE share of joint venture profit (as government) MOGE share of producers share of joint venture profit (15%) Total joint venture company taxes Total Burmese regime (incl. domestic gas value) 1998 $0.00 $0.00 $3,192, $7,485, $5,107, $26, $0.00 $15,812, $0.00 $0.00 $17,602, $21,908, $28,828, $2,951, $0.00 $71,290, $0.00 $17,719, $30,315, $687, $66,173, $8,160, $0.00 $123,055, $17,182, $18,041, $32,850, $0.00 $83,112, $7,243, $5,002, $163,431, $37,623, $13,168, $31,851, $0.00 $70,620, $8,517, $14,480, $176,262, $46,595, $16,315, $36,945, $0.00 $90,332, $8,617, $14,649, $213,457, $50,411, $17,537, $39,092, $0.00 $118,236, $11,823, $20,100, $257,201, $66,638, $23,220, $48,366, $0.00 $241,977, $24,197, $41,136, $445,537, $96,005, $42,235, $64,533, $0.00 $329,278, $32,927, $55,977, $620,957, $108,383, $46,570, $71,232, $0.00 $365,455, $36,545, $62,127, $690,314, $152,422, $61,993, $95,512, $0.00 $496,567, $49,656, $84,416, $940,569, $142,029, $58,353, $89,782, $0.00 $465,624, $46,562, $79,156, $881,507,785.18

12 GLOBAL PRIVATE COMPANY REVENUE (AFTER COSTS AND TAXES) Year MGTC distribution to TOTAL ( %) TOTAL share of joint venture profit after taxes Net TOTAL Distribution to Chevron ( %) Chevron share of joint venture profit after taxes Net Chevron Distribution to PTTEP (25.5%) PTTEP share of joint venture profit after taxes Net PTTEP 1998 $0.00 $54, $54, $0.00 $49, $49, $0.00 $44, $44, $0.00 $6,145, $6,145, $0.00 $5,560, $5,560, $0.00 $5,016, $5,016, $36,900, $16,993, $53,894, $33,386, $15,375, $48,761, $30,123, $13,872, $43,995, $37,570, $13,245, $50,816, $33,992, $11,984, $45,976, $30,670, $10,812, $41,482, $27,423, $12,416, $39,840, $24,811, $11,234, $36,045, $22,386, $10,136, $32,522, $33,977, $12,562, $46,539, $30,741, $11,365, $42,107, $27,736, $10,254, $37,991, $36,521, $17,235, $53,757, $33,043, $15,594, $48,637, $29,813, $14,070, $43,883, $48,356, $35,274, $83,631, $43,751, $31,914, $75,666, $39,474, $28,795, $68,270, $87,954, $48,000, $135,955, $79,577, $43,429, $123,006, $71,799, $39,184, $110,983, $96,982, $53,274, $150,256, $87,745, $48,200, $135,946, $79,169, $43,489, $122,658, $129,100, $72,387, $201,487, $116,805, $65,493, $182,298, $105,388, $59,091, $164,479, $121,520, $67,876, $189,396, $109,946, $61,411, $171,358, $99,200, $55,409, $154,609, GLOBAL COSTS AND REVENUE Year MGTC costs Joint venture costs ( cost gas ) Total costs Net TOTAL Net Chevron Net PTTEP Total Burmese regime (incl. domestic gas value) Total project (incl. domestic gas value) 1998 $20,238, $15,961, $36,200, $54, $49, $44, $15,812, $52,161, $111,606, $88,013, $199,619, $6,145, $5,560, $5,016, $71,290, $287,632, $74,071, $151,577, $225,648, $53,894, $48,761, $43,995, $123,055, $495,355, $68,200, $164,251, $232,451, $50,816, $45,976, $41,482, $163,431, $534,159, $68,370, $159,257, $227,627, $39,840, $36,045, $32,522, $176,262, $512,298, $69,390, $184,728, $254,118, $46,539, $42,107, $37,991, $213,457, $594,214, $70,200, $154,775, $224,975, $53,757, $48,637, $43,883, $257,201, $628,456, $70,200, $32,000, $102,200, $83,631, $75,666, $68,270, $445,537, $775,304, $12,000, $32,000, $44,000, $135,955, $123,006, $110,983, $620,957, $1,034,903, $12,000, $32,000, $44,000, $150,256, $135,946, $122,658, $690,314, $1,143,174, $12,000, $32,000, $44,000, $201,487, $182,298, $164,479, $940,569, $1,532,835, $12,000, $32,000, $44,000, $189,396, $171,358, $154,609, $881,507, $1,440,873,112.33

13 REVENUE IN CASH AND DOMESTIC GAS Year Total Burmese regime (incl. domestic gas value) Regime taken in kind (domestic gas value) Regime taken in cash 1998 $15,812, $0.00 $15,812, $71,290, $0.00 $71,290, $123,055, $0.00 $123,055, $163,431, $4,130, $159,301, $176,262, $18,644, $157,618, $213,457, $35,220, $178,236, $257,201, $44,937, $212,264, $445,537, $111,454, $334,082, $620,957, $145,397, $475,560, $690,314, $154,273, $536,040, $940,569, $206,858, $733,710, $881,507, $194,448, $687,059, ANNUAL AND TOTAL PERCENTAGES OF REVENUE Year Total costs Net TOTAL Net Chevron Net PTTEP Regime taken in kind (domestic gas value) Regime taken in cash Total Burmese regime (incl. domestic gas value) Total project (incl. domestic gas value) % 0.11% 0.10% 0.09% 0.00% 30.31% 30.31% % % 2.14% 1.93% 1.74% 0.00% 24.79% 24.79% % % 10.88% 9.84% 8.88% 0.00% 24.84% 24.84% % % 9.51% 8.61% 7.77% 0.77% 29.82% 30.60% % % 7.78% 7.04% 6.35% 3.64% 30.77% 34.41% % % 7.83% 7.09% 6.39% 5.93% 30.00% 35.92% % % 8.55% 7.74% 6.98% 7.15% 33.78% 40.93% % % 10.79% 9.76% 8.81% 14.38% 43.09% 57.47% % % 13.14% 11.89% 10.72% 14.05% 45.95% 60.00% % % 13.14% 11.89% 10.73% 13.50% 46.89% 60.39% % % 13.14% 11.89% 10.73% 13.50% 47.87% 61.36% % % 13.14% 11.89% 10.73% 13.50% 47.68% 61.18% % TOTAL 18.59% 11.20% 10.14% 9.15% 10.14% 40.79% 50.93% %

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