TH

This business group, one of Bangchak’s five core businesses, is in charge of the development of upstream petroleum businesses and battery energy storage systems, namely the petroleum exploration and production (E&P) business and the lithium mining business. Bangchak founded BCPR Co., Ltd. in Thailand, and BCPR Pte. Ltd. together with BCP Energy International Pte. Ltd. in Singapore, to engage in the petroleum E&P business and founded BCP Innovation Pte. Ltd., in Singapore, to engage in the lithium mining business.

BCP Energy International Pte. Ltd. (BCPE)

Wholly owned by Bangchak and established in Singapore with a registered capital of US$112.5 million as of December 31, 2019, BCPE engages in foreign energy, petrochemical, and natural resources businesses and now wholly owns Nido Petroleum Pty. Ltd. through common-share purchase.

Nido Petroleum Pty. Ltd.

Nido holds rights in the West Linapacan field under development along with rights in fields under exploration, namely SC6B, SC14D, SC54A, SC54B, SC58, and SC63, all in the Philippines.

BCPR Co., Ltd.

On July 12, 2018, Bangchak established a wholly owned BCPR Co., Ltd., in Thailand, which today has Baht 661 million in registered capital (6.61 million shares at Baht 100 per share). The objective is to engage in business operations by investing in natural resource businesses. BCPR has now invested in BCPR Pte. Ltd., founded in Singapore to invest jointly in OKEA AS, which engages in petroleum development and production in Norway.

BCPR Pte. Ltd.

BCPR Pte. Ltd., was incorporated in Singapore on July 12, 2018, with a registered capital of US$18.2 million as of December 31, 2019, and is wholly owned by BCPR Co., Ltd. The company engages in foreign energy, petrochemical, and natural resource businesses and currently invests in OKEA AS, which engages in local petroleum exploration, development, and production in Norway.

OKEA ASA

OKEA ASA, incorporated under the laws of Norway, engages in Norway’s petroleum exploration, development, and production. BCPR Pte. Ltd., Bangchak’s subsidiary, holds 46.52% shares in OKEA AS. OKEA AS holds the right in Draugen, Gjøa, Ivar Aasen, Yme, and Grevling oil fields, as well as the exploration rights in several other fields in Norway and has been the operator of Draugen and Grevling fields.

BCP Innovation Pte. Ltd. (BCPI)

BCPI, wholly owned by Bangchak, was incorporated in Singapore with a registered capital of US$53.3 million as of December 31, 2019, to engage in the lithium mining business and related investment. Today BCPI owns 15.86% shares in Lithium Americas Corp.

Lithium Americas Corp. (LAC)

Listed on the Toronto Stock Exchange, Canada, and the New York Stock Exchange, USA, LAC engages in the lithiummining business to produce lithium carbonate, an essential raw material for batteries.

LAC is developing two lithium mines in Argentina and the USA. The Argentina project is under the development of Minera Exar S.A., and lithium carbonate production is expected in 2021 with a capacity of 40,000 tons per year, whereas the USA lithium mining project is under development.