Q4/2018, inventory loss was THB 2,517 million. In this quarter, the refinery’s average production rate was 110.12 thousand barrels per day, as there was a maintenance of the Hydrocracking Unit’s Gas

% EBITDA (Million Baht) 93 91 59 -37% -36% 226 150 -34% Note: 1/ production volume of Galoc oil field only Q2/2018 performance compared to Q2/2017, the exploration and production business recorded THB 505

no losses from asset impairment, whereas Q1/2017 and Q4/2017 recorded losses from asset impairment in petroleum oil field of exploration and production business. 8. Share of profit from associate

/2016, Exploration and Production business has sales revenue of THB 387 Million, an increase of THB 88 Million due to the increase in crude oil price. Average selling price was 54.89 USD/BBL, while in Q2

27% Note: 1/ production volume of Galoc oil field only Q3/2018 performance compared to Q3/2017, the exploration and production business earned THB 16 million in revenue, a decrease of THB 320 million

asset THB 441 million, chiefly from impairment of petroleum exploration and production assets of the Galoc oil field in the amount of THB 412 million, and the company’s spare parts cost of THB 23 million

recorded declines in performance due to in 2018, the business realized gains from the share divestment of Nido Production (Galoc) Pty.Ltd which held the rights to the Galoc oil field THB 78 million. With

Bangchak Corporation Plc. Table of Contents 5 10 0 10 Refinery Business 14 Marketing Business 16 Green Power Business 18 Bio-Based Products Business 21 Exploration & Production Business 26 31 30 Statement

their allies unable to come to terms on oil production cuts. This further exemplified pressure on the price of crude in the global market to make a severe reduction late in the quarter. Average price of

production rate, its average crude run was at 112.67 thousand barrels per day. Furthermore, from the tumultuous disposition of crude oil price in the global market during the quarter, Dubai crude oil price