Page 13 - 2022 CPC Corporation,Taiwan

CPC carried on domestic onshore oil and gas resources exploration projects and completed a 32.78 km 2D seismic survey of geological structures on the Pingtung Plain and at Guanmiao, Tainan. Seventy-two square kilometer surface geologic surveys in the Chuhuangkeng field and Shangtao area in Miaoli were also conducted. In order to implement national energy policy and fully participate in the development of the green energy industry, CPC has also completed the production test of Tuchang No. 14 and No.15 geothermal wells in the Tuchang area of Yilan and cautiously evaluated their potential for 1.2MW geothermal power generation. Based on the potential evaluation, CPC plans to complete Tuchang No. 16, 17 and 18 geothermal wells and operate a Tuchang 5MW geothermal power plant bids in 2022, with the expectation of generating electricity and supplying the grid in August 2023. Sea area cooperation & Independent potential research CPC, Total E&P Chine (TOTAL, the Operator), and China National Offshore Oil Corporation (CNOOC) signed a Petroleum Contract of Taiyang Block on May 3, 2017. Approximately 8,131.6 km 2D seismic survey data have been processed in 2021. A 2,500 square kilometers 3D seismic commitment will be completed in 2022. CPC has also worked with Husky Energy International Corporation to search for oil and gas in deep-water areas in the Tainan basin. The joint venture completed 2D and 3D seismic survey data acquisition, and completed data processing and data explaining as of 2021. The joint research for common risk segment (CRS) mapping is expected to finish in 2022. CPC is also evaluating the upside hydrocarbon potential of Taihsi and Tainan basins in Taiwan, viewing potential exploration and extraction subjects and sites suitable for carbon storage sequestration; and it is integrating resources with the Exploration & Development Research Institute to achieve development objectives. 2021 Domestic natural gas production 110 million cubic meters 2021 Domestic condensate production 5,763 kiloliters 10 11