MINISTRY OF ENERGY AND MINERAL RESOURCES

ANNOUNCEMENT OF THE WINNING BIDDER

OF THE 2nd REGULAR BID ROUND YEAR 2011

&
1st DIRECT PROPOSAL BID ROUND YEAR 2012

DIRECTORATE GENERAL OF OIL & GAS Jakarta, 25 May 2012 The 36th IPA Convention & Exhibition 2012

2nd BID ROUND YEAR 2011

(10 OCTOBER 2011 22 FEBRUARY 2012)

BID DOCUMENT ACCESS & BID PARTICIPANTS

No
1
2 3 4 5 6 7 8 9
KUNINGAN OFF SOUTH JAVA I

BLOCK

BID DOCUMENT ACCESSED

1

BID PARTICIPANTS
1

1 2 2 1

OFF SOUTH JAVA II OFF SOUTH JAVA III SOUTH EAST SAGERI
EAST ABADI SOUTH WEST SALAWATI WEST BERAU KAI

TOTAL

I. 2nd REGULAR BID ROUND 2011

BLOCK
1. KUNINGAN

WINNING BIDDER
PT EQUATOR ENERGY

Firm Comitment
G&G Study 2D Seismic 3D Seismic Well (s) Total

Volume
200 km 1

US$
1,050,000 2,400,000 6,500,000 9,950,000

Signature Bonus : US$ 1,000,000

1st BID ROUND YEAR 2012

(DIRECT PROPOSAL : 28 MARCH 2012 14 MAY 2012)

BID DOCUMENT ACCESS & BID PARTICIPANTS

No 1 2 3 4 5 6 7 8 9
10 11 12 13 14

BLOCK BIREUN SIGLI BOHOROK MAHATO BUKIT BATU SOUTH LIRIK BENGKULU I -MENTAWAI MARLIN PALANGKARAYA BABAI TELEN EAST SEPINGGAN TATIHU ARU UDAN EMAS
TOTAL

BID DOCUMENT ACCESSED

1 3 3 2 4 1 2 2 1

BID PARTICIPANTS
1 1 1 2 1 1 2 1 1

2
2

1
1

1
2 2

1 1

28

15

II. 1st DIRECT PROPOSAL BID ROUND YEAR 2012

BLOCK
1. BIREUN SIGLI

WINNING BIDDER
PT ACEH ENERGY

Firm Comitment
G&G Study 2D Seismic 3D Seismic Well(s) (2nd year) Total

Volume
1,000 km 1

US$
12,000,000 17,000,000 7,000,000 36,000,000

Signature bonus : US$ 1,000,000

BLOCK
2. BOHOROK

WINNING BIDDER
BUKIT ENERGY ASIA PTE LTD NEW ZEALAND OIL&GAS LTD PT SURYA BUANA LESTARIJAYA

Firm Commitment G&G Study 2D Seismic 3D Seismic Well (s) *) Total

*) 1 well at 4th year

Volume 200 km -

US$ 350,000 2,500,000 2,850,000

Signature bonus : US$ 1,000,000

BLOCK
3. MAHATO

WINNING BIDDER
PT EMAS PUTIH BUKIT ENERGY CENTRAL SUMATRA (MAHATO) PTE LTD - CENTRAL SUMATRA ENERGY INC

Firm Comitment
G&G Study 2D Seismic 3D Seismic Well(s) (3rd year) Total

Volume 200 km 1

US$ 600,000 2,000,000 6,000,000 8,600,000

Signature bonus : US$ 1,000,000

BLOCK
4. BUKIT BATU

WINNING BIDDER
PT GEO LINK NUSANTARA

Komitmen Pasti G&G Study 2D Seismic

(reprocessing)

Volume

US$ 250,000

2D Seismic 3D Seismic Well(s) (3rd year) Total

400 km 150 km2 2

50,000 6,000,000 6,000,000 10,000,000 22,300,000

Signature bonus : US$ 1,200,000

BLOCK
5. SOUTH LIRIK

WINNING BIDDER
TEXCAL LTD. PT INDRILLCO BAKTI CENTRAL SUMATRA ENERGY INC.

Firm Comitment
G&G Study 2D Seismic

Volume

US$ 600,000

200 km

2,000,000

3D Seismic Well(s) (3rd year) Total

6,000,000 8,600,000

Signature bonus : US$ 1,000,000

BLOCK
6. BENGKULU IMENTAWAI

WINNING BIDDER
TOTAL E&P MENTAWAI

Firm Comitment
G&G Study 2D Seismic 3D Seismic Well(s) *) Total
*) 1 well at 4th year

Volume
500 km2 -

US$
2,500,000 4,000,000 6,500,000

Signature bonus : US$ 1,000,000

BLOCK
7. PALANGKARAYA

WINNING BIDDER
PT PETCON RESOURCES

Firm Comitment
G&G Study 2D Seismic 3D Seismic Well(s) (2nd year) Total

Volume
1

US$ 200,000 2,700,000 2,900,000

Signature bonus : US$ 1,000,000

BLOCK
8. BABAI

WINNING BIDDER
PT KOMODO ENERGY

Firm Comitment
G&G Study 2D Seismic 3D Seismic Well(s) *) Total
*) 1 well at 4th year

Volume 200 km -

US$ 1,200,000 3,000,000 4,200,000

Signature bonus : US$ 1,000,000

BLOCK
9. TELEN

WINNING BIDDER
TOTAL E&P TELEN

Firm Comitment
G&G Study 2D Seismic 3D Seismic Well(s) (3rd year) Total

Volume 200 km2 1

US$ 2,500,000 2,000,000 40,000,000 44,500,000

Signature bonus : US$ 1,500,000

BLOCK
10. EAST SEPINGGAN

WINNING BIDDER
ENI INDONESIA LIMITED

Firm Comitment
G&G Study 2D Seismic 3D Seismic Well(s) (2nd year) Total

Volume 1

US$

9,180,000 71,430,000 80,610,000

Signature bonus : US$ 3,000,000

BLOCK
11. ARU

WINNING BIDDER
NIKO RESOURCES (OVERSEAS XXV) LIMITED STATOIL ASA

Firm Comitment
G&G Study 2D Seismic 3D Seismic Well(s) *) Total
*) 1 well at 4th year

Volume 500 km -

US$ 300,000 500,000 800,000

Signature bonus : US$ 1,000,076

BLOCK
12. UDAN EMAS

WINNING BIDDER
KRIS ENERGY (UDAN EMAS) B.V.

Firm Comitment
G&G Study 2D Seismic 3D Seismic Well(s) *) Total
*) 1 well at 4th year

Volume
250 km -

US$ 600,000 5,000,000 5,600,000

Signature bonus : US$ 1,000,000

FIRM COMMITMENTS OF THE 13 AWARDED PSCs

Firm Commitment
G&G Study

Volume

US$
31,330,000

Seismic 2D (Re-processing)
Seismic 2D 3,150 km

50,000
40,400,000

Seismic 3D
Well(s) Total

850 km2
9

12,000,000
149,630,000 233,410,000

Signature Bonus : US$ 15,700,076

CONGRATULATIONS & THANK YOU

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