Market scan Indonesia - Oil and gas

Date

02 March 2010

Status

Final

©March 2010 The ministry of Economic Affairs, EVD EVD supplies this information for free. The content needs to be available for free for our clients, Dutch companies. It is not allowed to multiply or publish anything out of this edition by photocopy, microfilm or on any other possible way, without previous notice of the publisher. In spite of all the care that is taken over this edition, the Ministry of Economic Affairs cannot be held legally liable for possible inaccuracy.

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Colophon

Project name Project number Contact

Author(s)

Market scan Indonesia - Oil and gas 10044020 Annette Kreisel Market adviser T +31 088 602 88 74 T +31 088 602 90 26 indonesie@info.agentschapnl.nl NL EVD Internationaal Juliana van Stolberglaan 148 | 2595 CL Den Haag P.O. Box 20105 | 2500 EC Den Haag INA

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Index

Colophon 3 Index 5 1 1.1 1.2 1.2.1 1.2.2 1.2.3 1.2.4 1.2.5 1.2.6 1.2.7 1.3 1.3.1 1.3.2 1.4 1.4.1 1.4.2 1.4.3 1.4.4 1.5 1.5.1 1.5.2 1.5.3 1.5.4 1.5.5 2 2.1 2.2 2.3 2.3.1 2.3.2 2.4 2.5 OVERVIEW OF THE MOST IMPORTANT DEVELOPMENTS IN OIL AND GAS EXPLORATION AND DISTRIBUTION IN INDONESIA 7 INTRODUCTION 7 ONGOING PROJECTS IN 2009 AND IN 2010 8 West Java Gas Distribution Expansion 8 Project Management Consultancy for Medan LNG Floating terminal 8 Project Of Gas Pipelines from Kalimantan to Central Java 8 Three Business Entities provide and distribute subsidized Fuel Oil-BBM 8 LPG and LNG Purchase Contracts 9 Extension Contract of Five Blocks unrealized yet 9 Sale of Offshore North West Java - ONJV 9 TENDERS IN 2009 AND IN 2010 9 Tender Projects in 2009 for Oil and Gas Blocks 9 Tender Projects in 2010 for Oil and Gas Blocks 10 WINNERS OF SOME TENDERS IN 2009 11 Talisman BV Winner for The Block of Andaman Sea 11 PT Seleraya Winner for The Blora Block in Central Java 11 PT Baruna Nusantara Energy Winner for Block of North Makassar Strait 11 PT Brilliance (PSC) Winner for the Block of Sula I in Central Sulawesi 12 TENDERS FROM PRODUCTION SHARING CONTRACTORS 12 Berau LTD 12 Petrochina International (Bermuda) LTD 12 Total E & P Indonesie 13 Vico Indonesia 13 Kodeco Energy CO LTD 13 UPCOMING EXPLORATION AND DISTRIBUTION PROJECTS IN OIL AND GAS IN INDONESIA 15 GAS DISTRIBUTION PIPELINE TO BE BUILT IN BATAM 15 THE CONSTRUCTION OF NATURAL GAS DISTRIBUTION PROJECT NETWORKS 16 PROJECT OF LIQUEFIED NATURAL GAS (LNG) RECEIVING TERMINALS 16 Project of LNG Receiving Terminals in West Java and North Sumatera 16 Project of LNG Receiving Terminals in East Java 16 THE DEVELOPMENT AREAS OF GAS PRODUCTION WHICH ARE TARGETED BY GOVERNMENT 17 IPO OF THREE OF PERTAMINA’S SUBSIDIARY COMPANIES IN 2013 17

3 SHORT PROFILES OF THE KEY INSTITUTIONS IN OIL AND GAS EXPLORATION AND DISTRIBUTION IN INDONESIA 18 3.1 GOVERNMENT KEY INSTITUTIONS IN OIL AND GAS EXPLORATION AND DISTRIBUTION 18 3.1.1 Directorate General Oil and Gas 18
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3.1.2 3.1.3 3.1.4 3.1.5 3.1.6 3.2 3.2.1 3.2.2 3.2.3 3.2.4 3.2.5 3.2.6 3.2.7 3.2.8 3.2.9 3.2.10 3.3 3.3.1 3.4 4 4.1 4.2 5 5.1 32 5.2 5.3 5.4

BP Migas –The Executive Agency for Upstream Oil and Gas Business 18 BPH Migas - The Regulatory Body for Downstream Oil and Gas Business 18 PT Pertamina 19 PT Perusahaan Gas Negara – PGN 20 The National Energy Board 21 FOREIGN PRODUCTION SHARING CONTRACTORS SHORTLY LISTED PROFILES. 21 Chevron 22 BP Indonesia 23 Conocophillips 24 Exxonmobil 24 Total E&P Indonesie 25 Santos Asia Pacific PTY LTD 25 Vico Indonesia 26 Hess (Indonesia-Pangkah) LTD. 26 Petrochina International Companies 26 CNOOC SES LTD 27 PRIVATE PRODUCTION SHARING CONTRACTORS SHORTLY LISTED PROFILES 27 Medco E & P INdonesia 27 SHELL COMPANY IN THE DOWNSTREAM OF OIL DISTRIBUTION 27 MARKET OPPORTUNITIES FOR DUTCH COMPANIES OR SUPPLIERS OR CONSULTANCY IN OIL AND GAS TECHNOLOGY AND EQUIPMENT 29 OPPORTUNITY FOR SUPPLY OF TECHNOLOGY AND EQUIPMENT IN OIL AND GAS 29 MARKET ENTRY 30 GENERAL LEGAL REQUIREMENTS FOR PARTICIPATING IN THE OIL AND GAS INDUSTRY IN INDONESIA 32 GENERAL REQUIREMENTS TO PARTICIPATE IN GOVERNMETN OIL AND GAS AREAS GENERAL REQUIREMENTS TO PARTICIPATE IN PERTAMINA’S TENDERS 35 DETAILED REQUIREMENTS TO PARTICIPATE TENDER PROJECTS FOR OIL AND GAS BLOCKS 36 DETAILED REQUIREMENTS TO PARTICIPATE IN PRODUCTION SHARING CONTRACTORS’ TENDER 37 CONTACT DETAILS OF KEY INSTITUTIONS AND COMPANIES 40 LIST OF RELATING MINISTRY AND DIRECTORATE GENERAL 40 LIST OF RELATING STATE OWNED COMPANIES IN OIL AND GAS 41 LIST OF PSC IN OIL AND GAS PRODUCTION 41 RELATED ASSOCIATIONS IN THE OIL AND GAS 45 OTHER OIL AND GAS COMPANIES ADDRESS 46

6 6.1 6.2 6.3 6.4 6.5

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1

OVERVIEW OF THE MOST IMPORTANT DEVELOPMENTS IN OIL AND GAS EXPLORATION AND DISTRIBUTION IN INDONESIA

1.1

INTRODUCTION

The year 2009 was not a good year for the Indonesian oil and gas industry. Indonesia’s crude oil production could not achieve the lifting target of 0,96 million barrels per day and the revenue was lower because the average actual price of crude oil was under the pricing target of US$ 80 per barrel. Indonesia’s oil and gas production has declined in recent years, mainly due to maturation of its existing fields. Indonesia has become a slight net oil importer since 2004 because production is lower than consumption. Indonesia’s annual consumption of crude oil on average is 370 million barrels and annual consumption of natural gas on average is 1,847 BCF, according to The Department of ESDM (Energy and Mineral Resources). Companies producing from existing fields are attempting to increase recovery rates and to prolong the life of the fields. The large oil producers in Indonesia are Chevron: which controls Caltex Pacific and Unocal’s former Indonesian assets, BP, ConocoPhillips, ExxonMobil, and Total E & P, China’s state-owned companies PetroChina and China National Offshore Oil Corporation (CNOOC) also have a considerable presence. Local companies in the oil and gas sector are PT Pertamina and PT Medco Energy. Investment in Indonesia’s oil and gas sector dwindled from US$ 13,5 billion in 2008 to US$ 12,1 billion in 2009. In the upstream of the oil and gas sector it decreased from US$ 12 billion in 2008 to US$ 10,8 billion in 2009. The investment decrease in 2009 could be caused by following factors: 1) the worldwide economic recession; 2) the slump in the world oil price; 3) the change in the cost of recovery rules determined by the Indonesian government; 4) the small response from investors to the offer of a number of oil and gas blocks; 5) the unplanned shut down of a number of oil wells while the development of new wells still have problems. Investment in oil and gas upstream exploitation and exploration in Indonesia is open for foreign and domestic investors. Government has made some steps to stimulate the national oil and gas investment climates namely the law enforcement assurance in oil and gas upstream activities and giving incentives for exploration and exploitation activities. The foreign and local oil and gas producers like Chevron, BP, ConocoPhillips, ExxonMobil, Total E & P, PetroChina and China National Offshore Oil Corporation (CNOOC) as well as PT Medco Energy are PSC (Production Sharing Contractors) with BP Migas in Indonesia. There are many opportunities for foreign suppliers of equipment and technologies to supply to the oil and gas sector in Indonesia, by approaching the foreign PSC or the local PSC, Pertamina – the state owned oil and gas company and PGN – the state owned gas company through the open tender for the projects.

1.2 1.2.1

ONGOING PROJECTS IN 2009 AND IN 2010 West Java Gas Distribution Expansion

SSWJ (South Sumatera to West Java) is the longest gas transmission pipeline in the country, more than 1,000 km, in the country and provides the natural gas from the frontier gas fields of ConocoPhillips and Pertamina located in Grissik and Pagardewa in of South Sumatra to West Java. This was completed in 2006. The expansion of the West Java distribution system covering Jakarta, Bekasi, Cikampek, Bogor and Banten was started in 2007 and it is scheduled to be completed in 2011. The value of this expansion distribution system project is USS 200 million, funded by World Bank (US$ 80 million) and Perusahaan Gas Negara (PGN) US$ 120 million. 1.2.2 Project Management Consultancy for Medan LNG Floating terminal

This tender is open for big local consultancy companies and foreign consultancy companies having an affiliated local consultant company. Specific requirements are to have at least 7 years experience in design, engineering and supervision of construction of oil and gas floating facilities and gas pipelines projects of Rp. 17 billion. The project value will be announced to the participants fulfilling the administration and technical requirements screening. 1.2.3 Project Of Gas Pipelines from Kalimantan to Central Java

The construction of the Kalimantan-Java (Kalija) gas pipelines of 1,200 km was planned to distribute 700 -1,000 MMSCDF of gas from East Kalimantan (Bontang) to Central Java (Semarang). It was awarded to PT Bakrie Brothers by BPH Migas (Downstream Oil and Gas Regulatory Body) in July 2006. The project cost of the gas pipeline is US$ 1,2 billion. PT Bakrie Brothers has the special right to construct and manage the gas transmission from East Kalimantan to Java (Central) for 25 years. PT Bakrie Brothers recently requested the time extension for the construction of gas transmission pipelines because so far it has not realized the construction yet. The special right for this project can be revoked if the project fails to show progress in the project construction realization. 1.2.4 Three Business Entities provide and distribute subsidized Fuel Oil-BBM

BPH Migas has given the assignment letter to PT Pertamina (Persero), PT AKR Corporindo Tbk and PT Petronas Niaga Indonesia to provide and distribute subsidized BBM (Fuel Oil) throughout the country in 2010. The volume of subsidized BBM is 36,5 million kiloliter consisting of 21,5 million kiloliter of premium, 3,8 million kiloliter of kerosene and 11,2 million kiloliter of diesel fuel. PT AKR will provide and distribute 56,5 thousand kiloliter of diesel fuel for Deli Serdang, Medan, Central Lampung, South Lampung, East Lampung, North Lampung, Bandar Lampung, Banjarmasin and Pontianak. PT Petronas Niaga Indonesia will provide and distribute 20,4 thousand kiloliter premium gasoline in Medan. The remaining quota of subsidized BBM will be executed by PT Pertamina. These three companies will get punishment in case they are unable to meet the set tasks in distributing subsidized oil fuel.

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PT Pertamina, PT AKR Corporindo and PT Petrona are obliged to use an online system which can provide the information to BPH Migas so that the government can do the prognosis toward the increasing demand of BBM. Further these three companies have been requested to reduce the import of fuel oil. PT Pertamina is requested not to export fuel oil and the two other companies are requested not to import fuel oil. 1.2.5 LPG and LNG Purchase Contracts

In May, 2009, PT Pertamina has signed the PJB LPG (Agreement of Buy and Sale of LPG) with four respective PSC companies: Conoco Philips Indonesia, Petrochina International Jabung Ltd, Chevron Indonesia company and Petrochina Bermuda Ltd. 1.2.6 PJB LPG between PT Pertamina and Conoco Philips amounting US$ 172,9 million PJB LPG between PT Pertamina and Petrochina International Jabung Ltd amounting US$ 182,4 million PJB LPG between PT Pertamina and Petrochina Bermuda Ltd amounting US$ 1,16 million PJB LPG between PT Pertamina and Chevron Indonesia amounting US$ 18,34 million Extension Contract of Five Blocks unrealized yet

Five extension contracts in 2009 were not realized yet namely Block A and South Sumatera (Medco), Block Mahakam (Total E & P Indonesie), West Madura (Kodeco Energy) and Madura Straits (Husky Oil) as problems arose among Pertamina and Foreign contractors. Pertamina as the stated owned company, wants to get the first offer for three blocks ( Block Mahakam, West Madura and Madura Straits) as soon as the contract ends. Foreign contractors (Total E & P Indonesie, Kodeco Energy and Husky Oil) want to expedite the contract extension for another 20 years before the contract time ends. President Director from Pertamina expresses to have forwarded the proposal to the government that Pertamina wants to participate in the Bloc Mahakam with the share of 25% till 2017. Then Pertamina will add the share to 50% for 10 years after 2017, it is expected that after 2027, the bloc Mahakam will be owned 100% by Pertamina. 1.2.7 Sale of Offshore North West Java - ONJV

In June 2009, PT Pertamina via its subsidiary PT Pertamina Hulu Energy acquired the Offshore North West Java (ONJV) block from BP at price of US$ 280 million 46% of BP shares in ONJV).

1.3 1.3.1

TENDERS IN 2009 AND IN 2010 Tender Projects in 2009 for Oil and Gas Blocks

The government via the Department of oil and gas offered 31 blocks of oil and gas to the oil and gas companies or contractors to participate in the direct proposal tender and regular tender in first semester 2009.

Direct Proposal Tender for Oil and gas blocks 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 South Block “A” East Pamai Penyu Sorang Senami Bahar West Belinda Terumbu S.E Madura Pasir South Sesulu Sermata Kumawa Kofiau Cenderawasih Northern Papua in Aceh in Aceh in Northwest Kalimantan in Northwest Kalimantan in West Sumatera in West Sumatera in North Java Sea in Madura Sea in Kalimantan in Kalimantan in S.E Timor in Papua in Papua in Papua in Papua

Regular Tender for Oil and gas blocks 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 Andaman I Andaman II Andaman III West Glagah Kambuna South Bentu Segat Asam-Asam SW Tanjung AreaI South Bulungan North Surumana Karaeng Selayar Kambuno Halmahera Kofiau East Bula Aru West Papua IVI in in in in in in in in in in in in in in in in North Aceh North Aceh North Sumatera Basin North Sumatera Basin Central Sumatera South Kalimantan South Kalimantan East Kalimantan West Sulawesi South Sulawesi South Sulawesi South Sulawesi Maluku Maluku Papua Papua

The government via the Department of oil and gas offered 24 blocks of oil and gas to the oil and gas companies or contractors to participate in the direct proposal tender and regular tender in second semester 2009.
Direct Proposal Tender for Oil and gas blocks 1 Kubu in Sumatera 2 Northeast Ogan Komering in Sumatera 3 Offshore West Java in Java sea 4 Blora in Central Java 5 North Makassar Strait in Sulawesi sea 6 East Simenggaris in Kalimantan 7 Digul in Papua Regular Tender for Oil and gas blocks 1 Tomini Bay I in Sulawesi 2 Tomini Bay II in Sulawesi 3 Tomini Bay III in Sulawesi 4 Tomini Bay IV in Sulawesi 5 Tomini Bay V in Sulawesi 6 Gorontalo Tomini I in Sulawesi 7 Gorontalo Tomini II in Sulawesi 8 North Bone in Sulawesi 9 Kolaka Lasusua in Sulawesi 10 Kabaena in Sulawesi 11 Jampea in Sulawesi 12 Buton III in Sulawesi 13 Menui Asera in Sulawesi 14 Morowali in Sulawesi 15 Sula – I in Sulawesi 16 Sula – II in Sulawesi 17 Bird’s Head in Papua

1.3.2

Tender Projects in 2010 for Oil and Gas Blocks

The government via the Department of oil and gas offers 23 blocks of oil and gas to oil and gas companies or investors to participate in the direct proposal tender and regular tender in first semester 2010.

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Oil and gas blocks by Direct Proposal Tender 1 2 3 4 5 6 7 8 9 10 11 Puri Sakakemang Sunda Strait I North Madura Mandala Karapan Long Hubung-Long Bagun Malunda South Mandar Sadang South Sageri in in in in in in in in in in in Sumatera Sumatera Java sea Madura Madura Kalimantan Sulawesi sea Sulawesi sea Sulawesi sea Sulawesi sea Sulawesi sea

Oil and gas blocks by Regular Tender 1 2 3 4 5 6 7 8 9 10 11 12 South East Andaman Tarakan I Tarakan II Tarakan III North Masela West Berau East Manokwari Cendrawasih Bay I Cendrawasih Bay II Cendrawasih Bay III Cendrawasih Bay IV East Aru in in in in in in in in in in in in Sumatera Kalimantan Kalimantan Kalimantan Maluku Papua Papua Papua Papua Papua Papua Papua

1.4

WINNERS OF SOME TENDERS IN 2009

Regarding to the Winners of Some Tenders in 2009, see also two Tables below 1.31. Tender Projects in 2009 for oil and Gas Block for first and second semester 2009 1.4.1 Talisman BV Winner for The Block of Andaman Sea

The Directorate General of The Oil & Gas of Republic of Indonesia announced the bid winners of five regular tender blocks on August 4, 2009 and a Production Sharing Contract in respect to the Block on November 30, 2009. Talisman Andaman BV has been awarded the highly prospective Andaman III License Block. The Andaman III Block covers an area of 8,440 square kilometers and is situated in water depths of 1,300 meters. It was one of three blocks offered in the Andaman Sea in the geological province referred to the North Sumatra Basin. Talisman bid a three-year work program that included 2,500 square kilometers of 3D seismic, the drilling of exploration well and signature bonus of US $47 million. The Company bid solely with a 100% working interest but will evaluate taking a joint venture participant prior to drilling. Every winner will submit US$ 1 million as the minimum bonus to the government when signing the agreement. 1.4.2 PT Seleraya Winner for The Blora Block in Central Java

PT Sele Raya won the direct proposal tender in first semester 2009 for the oil and gas block of Blora in Central Java. This company has committed US$ 13.4 million, including US$1 million in signing bonuses, for the exploration activities in the first three years and the commitment for the study of geology and geophysics. Every winner will submit US$ 1 million as the minimum bonus to the government when signing the agreement. 1.4.3 PT Baruna Nusantara Energy Winner for Block of North Makassar Strait

A joint venture company between PT Baruna Nusantara Energy and Nico Resources won the direct proposal tender in first semester 2009 for the oil and gas block of North Makassar Strait. The company will spend US $ 15 million, including US$ 1 million in signing bonuses for the exploration activities in the first three years and the commitment for the study of geology and geophysics. Every winner will submit US$ 1 million as the minimum bonus to the government when signing the agreement.

1.4.4

PT Brilliance (PSC) Winner for the Block of Sula I in Central Sulawesi

PT Brilliance Energy won the regular tender in first semester 2009 for the oil and gas block of Sula I. The company has committed to spend US$ 16.3 million, including US$ 1 million in signing bonuses for the exploration activities in the first three years and the commitment for the study of geology and geophysics. Every winner will submit US$ 1 million for the minimum bonus to the government when signing the agreement.

1.5

TENDERS FROM PRODUCTION SHARING CONTRACTORS

This tender information is to indicate that Production Sharing Contractors need equipment or service from other sources. This information is derived from PSC office and is not our responsibility. See also Chapter 5.4 for more details. 1.5.1 Berau LTD

Potential service suppliers are invited to participate in prequalification process for re-tender Bid No. 4400000151 subject Geophysical and Geotechnical Survey for Tangguh Development Project & Drilling for Big Scale Company and a minimum local content of 35 %. BP Berau Ltd (Company) is building the offshore gas and onshore LNG development known as Tangguh in the Birds Head region of West Papua, Indonesia. The company intends to undertake an offshore Geophysical and Geotechnical survey for the development facilities and drilling. The main objectives of the Geophysical Surveys are to determine the bathymetry, seabed topography, lithologies and engineering properties of the seabed and shallow soils and to identify and map top-hole drilling geo-hazards. The principal objectives of the Geotechnical Surveys are to obtain pertinent data to define soil stratification and mechanical properties to be used in developing foundation criteria for the design of the proposed infield facilities and for drilling rig purposes. The services are to include Data Acquisition, Processing, Interpretation, Reporting, Testing, Supply of Vessels, Equipment and Personnel. 1.5.2 Petrochina International (Bermuda) LTD

Interested and potential partners are invited to attend these auctions below: ■ Auction No. : PC-599-CA Subject: EQUIPMENT HEAVY RIG RENTAL SERVICES FOR SUPPORT Participants will provide 12 units Heavy Equipment and its services to support the Company's drilling wells in Block Bird’s Head - Sorong: Irian Jaya Barat with the following provisions: Contract Period: 2 Years Implementation of Contract: May 2010. Requirements, Classification & Qualification Certificates; Having a Certification issued by the CertificationCommittee authorized by the provisions; Certification Line of Business: Other Services; Sub Division: work equipment rental / production / construction; Qualifications: "B" / Large. ■Auction: PCJ-1352-CA Subject: Electrical & Instrumentation INSTALLATION SERVICES FOR SOUTH WEST BETARA FCA Participant will provide services to perform Electrical & Instrumentation Installation Services or the SWB - South West Bethara Oil Facilities. Regional Operations: Block Jabung, Jambi Province, Sumatra. Estimated start work: Immediately. Period: Two Hundred Twenty (120) days. Requirements, Classification and Qualification Certificates: Having a certificate issued by the Association / Certification Committee authorized by the provisions: Certification: OIL AND GAS. Classification: Services chartering. Field: Field Mechanical / Electrical. Sub Division: Installation of electricity and other electrical services.
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Qualifications: "Not Small" (B). Work experience: Within seven (7) years of work experience completed the procurement of goods / services the same or similar to this procurement. 1.5.3 Total E & P Indonesie

Total E & P Indonesie as PSC –BPMIGAS invites all suppliers to participate in process for tender Bid in January 2010. ■Auction No.: CTBS001175- MA Subject: PROVISION OF STIMULATION BARGE, PUMPING SERVICES AND MATERIAL Duration: 36 months Commitment minimum domestic content is 35 % Classification: Big company Field: Contractor /service B.06.14 ■Auction No.: CTBS001215- AA Subject: MAINTENANCE OF LIFEBOAT AND LIFERAFT Duration: 36 months Commitment minimum domestic content is 35 % Classification: Medium company Field: Contractor /service C.000.20 1.5.4 Vico Indonesia

Vico Indonesia as PSC –BPMIGAS invites all suppliers or contractors to participate in process for tender Bid in January 2010 ■Auction No.: 43190 RE- TENDER Subject: HEAVY & HAULING EQUIPMENT SERVICES Classification: Big company ■Auction No.: 44690 Subject: INPLANT FACILITIES CONSTRUCTION SERVICES Classification: Big company 1.5.5 Kodeco Energy CO LTD

Kodeco Energy Co Ltd as PSC –BPMIGAS invites interested and qualified contractors to participate in a bidding process to provide: ■ ACID STIMULATION SERVICES ON EXISTING WELLS (BID No. 004/TS/TECH/JANUARY-10) Scope of Services Contractor shall perform matrix stimulation by using nitrified 15% HCI acid to minimize/ eliminate the skin damage as part of production optimization in multi layers in Kujung-I or in Ngimbang formation in 1 year period. This contract is also to accommodate other well services if necessary such as pumping acid as scale remover, unload the well with pumping nitrogen, etc. The stimulation equipments will be mounted on Kodeco’s workboat deck space at Gresik port and stimulation job will be performed at platform. Stimulation fluids will be pumped to the wells from the boat via 2” ID Coflex hose or High-pressure hose. Contractor shall provide service engineer and operators, stimulation equipment, chemicals with mobilization and demobilization from Contractor’s Base to Kodeco Gresik Base.

INTEGRATED PETROLEUM SYSTEM STUDY (BID No. 002/TS/TECH/JANUARY-10)

Scope of Services Contractor shall provide petroleum study for West Madura PSC area including but not limited to the below: - Analyze rock samples, oil and gas for selected wells. - Characterize existing rock sample data and new analytical result to identify potential source rock horizons, characterize the existing oil and/or condensate and new analytical result to determine (a) the number of oil types, (b) maturity of the oils, (c) effects of migration on physical and chemical properties , and (d) prediction of the likely source facies of the oil, characterize the existing gases analytical result and new analytical result to determine the likely source facies and maturity of the gases. - Generate 3 D burial history and 3 D thermal history model of source rocks using 3 D basin - Provide technology training for company’s engineers to increase the understanding and utilization of the generated model.

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2

UPCOMING EXPLORATION AND DISTRIBUTION PROJECTS IN OIL AND GAS IN INDONESIA

According to the government long-term oil and gas management road map, the investment target in oil and gas infrastructure between 2010 and 2014 will reach US$ 31,2 billion. 69.49 % or US$ 21,7 billion is targeted for the investment in gas facilities covering LNG (Liquefied Natural Gas) and LPG (Liquefied Petroleum Gas), LPG refineries, the receiving gas terminals and the residential pipeline networks. 30.51 % or US$ 9.5 billion is targeted for the oil facilities including the refineries and rigs. A source at the Ministry of Energy and Mineral Resources mentions the government investment in the infrastructure development plan for the oil and gas sector from 2010 to 2014 as follows: - US$ 2,9 billion in 2010 - US$ 3,1 billion in 2011 - US$ 4,3 billion in 2012 - US$ 10,5 billion in 2013 - US$ 10,2 billion in 2014 The oil demand in 2025 in Indonesia is estimated to reach 1,34 BOEPD (Billion Oil Equivalent Per Day) while for gas demand, it is 11,2 BSCFD (Billion Standard Cubic Foot Per Day). Considering the declining oil and gas production and reserves, the government creates a planning program to reach oil and gas production based on the national energy demand projection in 2025. The government will accelerate (1) the agreement process Plan of Development (POD) , (2) Work Program and Budget, (3) the optimum production of the existing fields, (4) the production of new fields, (5) re-opening old well/fields and increasing the marginal fields development, (6) coordination and synchronization of the regulations with the related institutions (forest department, financial department, environmental conservation and regional government). The government’s Mid and Long Term Programs 2011-2020 are among others: 1. Developing the Natural Gas Supply Capability: - executing the exploration for finding new gas reserves in the frontier areas and the advanced exploration to add reserves, proven and probable - developing marginal natural gas areas - developing the natural gas infrastructure namely the transportation infrastructure, transmission and distribution pipelines in accordance with the main network plan for the natural gas distribution and transmission. 2. Developing the Natural Gas Data and Information System: - developing the centre of data and information of annual national natural gas - updating the strategic development plan of natural gas - updating the projection for the gas demand for the next twenty years 3. Developing and applying the programs on the Results of Research on Natural Gas Utilization Technology. 4. Developing Human Resources Programs in Natural Gas.

2.1

GAS DISTRIBUTION PIPELINE TO BE BUILT IN BATAM

The gas extracted from the Lematang block in South Sumatra Province, operated by Medco E&P Indonesia, around 49 billion British thermal units of gas per day, may flow through a pipeline belonging to Perusahaan Gas Negara Tbk (PGN) or its subsidiary to a power plant on Batam island either to PT Perusahaan Listrik Negara’s power plant or to PT Dale Energy Batam. PT PLN will have to pay for a toll fee to transport to PGN.

The project of a gas pipeline distribution network will be built and foreign investors will be invited to participate in this project tender.

2.2

THE CONSTRUCTION OF NATURAL GAS DISTRIBUTION PROJECT NETWORKS

The government states that there are some projects scheduled in 2011 to be revised for the construction of natural gas distribution networks namely gas transmission projects Cirebon →Muara Bekasi, Cirebon -→ Semarang and Semarang -→Gresik. These projects reschedule will be as follows: Gas distribution infrastructure construction for Cirebon-→ Muara Bekasi is scheduled to be finished in 2011. Gas distribution infrastructure construction for Cirebon -→Semarang is scheduled to be finished in 2012. Gas distribution infrastructure construction for Kepodang (Java Sea) -→ Semarang is scheduled to be finished in 2013. Gas distribution infrastructure construction for Semarang-→Gresik is scheduled to be finished in 2014. To facilitate the delivery of natural gas distribution for the inter-islands, the export and the import the government also targets to complete the construction of the receiving LNG terminal in Medan by 2012 and in the Jakarta bay by 2013.

2.3 2.3.1

PROJECT OF LIQUEFIED NATURAL GAS (LNG) RECEIVING TERMINALS Project of LNG Receiving Terminals in West Java and North Sumatera

Project of Liquefied Natural Gas (LNG) receiving terminals in West Java and North Sumatra, is planned to be built by PT Perusahaan Gas Negara (PGN). This receiving terminal will deliver a maximum of 400 million cubic feet per day from the West Java LNG Terminal and up to 150 million cubic feet per day from the North Sumatera One. The investment in the terminals is about $100 million up to $150 million per unit with some multiple units. Project totals around US$ 1 billion and PGN will finance 30% and 70% the rest is from bank loans. The LNG receiving terminal in West Java will be constructed in three stages at an estimated cost of 650 million dollars. The first stage with a capacity to store 200 million standard cubic feet per day (mmscfd) of gas is expected to be completed in 2012. The second stage with 200 mmscfd is expected to be completed in 2018, while the third stage with a capacity to store 400 mmscfd is expected to be completed in 2024. The LNG receiving terminal in North Sumatra's town of Medan has an estimated cost of 350 million dollars. The terminal, which will have a capacity to store 150 mmscfd of gas, is expected to start commercial operations in 2011, linking the towns Duri and Medan. For the LNG receiving terminal in West Java, PGN would establish a partnership with Pertamina, the ratio of their ownership 40% for PGN and 60% for Pertamina. Meanwhile, for the North Sumatra project, PGN would be fully in charge of the construction and operation of the project. The company expected the projects to start operations in 2012. 2.3.2 Project of LNG Receiving Terminals in East Java

PT Pertamina plans to build a liquefied natural gas (LNG) receiving terminal in East Java with the investment of US$200 million, said president director Karen Agustiawan.

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The terminal will be a floating LNG terminal with a capacity of 500 mmscfd is expected to be completed in September 2011. The terminal is part of the government’s program to provide gas infrastructure to anticipate higher domestic demand, especially from the electricity sector. At the end of February 2010, there will be a tender for the procurement of ship for LNG receiving terminal in Wes Java and East Java. Pertamina is seeking a joint venture partner for the ship procurement.

2.4

THE DEVELOPMENT AREAS OF GAS PRODUCTION WHICH ARE TARGETED BY GOVERNMENT

In 2011, Blok A, Jambi Merang, Randublatung, Gajah Baru, Offshore Natuna Beach, Field of Rubby, Sebuku, Kepodang, Offshore Bawean Beach and Kangean are expected to start producing. In 2012, Cepu gas production is expected from Jimbaran and Madura; other gas production is expected from Donggi-Senioro, South Mahakam Phase 2, South Sembakung and Simenggaris. In 2013, areas of Corridor (Sumpal, Dayung and Suban 3), Rapak Ganal , Natuna D-Alpha and Masela will be developed. All mentioned areas are in the development target phases and still have the possibility of the production time delay. Foreign investors are invited to participate in these areas.

2.5

IPO OF THREE OF PERTAMINA’S SUBSIDIARY COMPANIES IN 2013

Ms. Karen Agustiawan – president director of PT Pertamina said in the public exposure in December 2009: “ in 2013, PT Pertamina’s subsidiary companies – PT Pertamina Hulu Energi, PT Pertamina Gas (Pertagas) and PT Drilling Services, will go public for IPO (Initial Public Offerings)”. PT Pertamina Hulu Energy is a contractor and investment in oil and gas domestic and abroad. PT Drilling Service is a drilling supporting and service company in the upstream oil and gas sector. PT Pertamina Gas (Pertagas) involves in gas trading, transportation, distribution, processing and other natural gas related businesses.

3

SHORT PROFILES OF THE KEY INSTITUTIONS IN OIL AND GAS EXPLORATION AND DISTRIBUTION IN INDONESIA

3.1

GOVERNMENT KEY INSTITUTIONS IN OIL AND GAS EXPLORATION AND DISTRIBUTION

3.1.1

Directorate General Oil and Gas

Gas, considered national assets, is controlled by the Government of Indonesia through the Ministry of Energy and Mineral Resources and several departments. Directorate General of Oil and Gas is one of some departments supervised by Ministry of Energy and Mineral Resources. The Directorate General of Oil and Gas’ duties are to formulate and execute the policy and the technical standardization in the oil and gas sector among others: ■ preparation of policy formula Department in Oil and Gas sector; ■ implementation of policy in Oil and Gas sector; ■ compilation of standard, norm, guidance, criterion and procedure in Oil and Gas sector; ■ giving of technical tuition and evaluation; ■ implementation administration of Directorate General Oil and Gas. The Directorate General of Oil and Gas’ objectives are: ■ to establish an optimum role of the oil and gas sub-sector for the state revenue in Supporting the economic recovery in the framework of sustainable development; ■ to ensure sustainable supply of oil and gas and the derived products at reasonable price; 3.1.2 BP Migas –The Executive Agency for Upstream Oil and Gas Business

BP Migas (Badan Pelaksana Kegiatan Usaha Hulu Minyak dan Gas Bumi or Executive Agency for Upstream Oil and Gas Business) was established in July 16th, 2002. In order to give law base to the renewal and reconstruction of the agency for upstream oil and gas activity, Government has determined Act No.22/2001 in relation to oil and gas on 23 November 2001. BP Migas’ functions ■ giving considerations to the Ministry of Energy and Mineral Resources for the policies on making preparation and offering the working areas as well as joint cooperation contracts. ■ signing the joint cooperation contracts. ■ assessing and conveying initial development of field planning to be used for production in working areas to the Ministry for approval. ■ giving approval for the field development plans and the working plans and the budget. ■ monitoring and reporting the implementation of joint cooperation contracts to the Ministry. ■ appointing sellers of petroleum and gas bringing the state portion which will give a maximum profit for the state. 3.1.3 BPH Migas - The Regulatory Body for Downstream Oil and Gas Business

BPH Migas, a government institution that will act independently in undertaking its functions, tasks, authorities and is responsible to the president. BPH Migas undertakes the regulation and supervision over the implementation of availability and Distribution of oil fuel and the transportation of natural gas through pipeline, as well as to increase the utilization of natural gas for the domestic use.

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BPH Migas may apply administration sanction such as reprimands or withdrawals of special rights of transporting natural gas. It may also forward considerations to the application of sanction for infringements of the business license. Tasks of regulating and stipulating for in the following: ■ supply and distribution of fuel oil; ■ national fuel oil reserves;. ■ utilization of fuel oil transport and storage facilities; ■ preparing tariff of natural gas transportation through pipeline; ■ selling price of natural gas for households and small-scale customers; ■ operating of natural gas transmission and distribution. 3.1.4 PT Pertamina

PT Pertamina (Persero) is a wholly state-owned enterprise. It is involved in oil and gas exploitation and the processed derivative products, domestically and overseas, as well as in Geothermal energy exploitation and Liquified Natural Gas (LNG) exploitation. Under the Ministry of State-Owned Enterprise (BUMN), PT Pertamina (Persero) commits to deliver high quality products and services to the stakeholders as well as increase its contribution to the nation's wealth. The enactment of Oil and gas Law No. 22/2001 in November 2001 and Government Regulation No. 31/2003 has changed its legal status from a special state-own enterprise into a Limited Liability Company. Pertamina has relinquished its regulatory functions and will do the oil and gas business like other foreign and local private companies. The Law also opens up opportunities and challenges for PT Pertamina (Persero) as a profit-oriented company in the oil and gas industry in 2006. This is a realization of the privatization program from Government of Indonesia. Pertamina’s monopoly over all sectors of the oil market was ended in 2001, and three years later Indonesia opened up its domestic downstream oil business to foreign firms, paving the way for them to directly import fuel and sell to local customers. However Pertamina has retained the exclusive rights to supply subsidized oil products in the domestic market. Pertamina has 20 subsidiaries company mentioned below: PT. Elnusa, PT. Patra Jasa, PT Pelita Air Service, PT. Pertamina Tongkang, PT. Pertamina Bina Medika, PT. Patra Niaga, PT. Patra Dok Dumai , Pertamina Energy Trading Limited, PT. Usayana , PT. Pertamina Dana Ventura, PT. Pertamina Hulu Energi , PT. Pertamina Retail, PT. Pertamina EP, PT Pertamina EP Cepu, PT Pertamina Geothermal Energy, PT. Geo Dipa Energi, PT. Pertamina Training & Consulting, PT. Pertamina Drilling Service Indonesia, PT Pertagas and PT. Tugu Pratama Indonesia. Pertamina’s activity in the upstream sector so far is supported by five subsidiary companies among others PT Pertamina Eksplorasi Produksi (EP), PT Pertamina Hulu Energi (PHE), PT Pertamina Gas (Pertagas), PT Pertamina Geothermal Energi (PGE) and PT Pertamina Drilling. PT Pertamina Eksplorasi Produksi (EP) performs the operation of oil & gas activities through exploration and exploitation and sells the produced oil & gas. PT Pertamina Hulu Energi (PHE), manages upstream portfolio of oil, gas and other energy sector which has been or will be executed through partnership schemes such as JOB-PSC, IP/PPI, BOB or any other form of partnership, domestically as well as internationally. PT Pertamina Gas (Pertagas) executes gas business including gas trading, transportation, distribution, processing and other natural gas related businesses. PT Pertamina Geothermal Energi (PGE) operates the geothermal energy business. Currently PGE operates 15 geothermal mining working areas which contain reserves amounting to 8.480 MW while the installed capacity is currently 852 MW.

PT Pertamina Drilling is one of Strategic Business Unit (SBU) executing the services of drilling and work-over activities. PT Pertamina’s production of crude oil and natural gas in 2009 recorded 181 thousand barrel per day for crude oil and 1,448 million standard cubic feet per day for natural gas. These production volumes surpassed the production targeted by Pertamina in 2009, 177 thousand barrel per day for crude oil and 1,400 million standard cubic feet per day for natural gas. 3.1.5 PT Perusahaan Gas Negara – PGN

PT Perusahaan Gas Negara originated from a private Dutch company named Firma I.J.N Eindhoven & Co Gravenhage, established in 1859. In 1958, Indonesia government took over this company changed the name into Perusahaan Listrik dan Gas and it became a business entity on May 1965. PT Perusahaan Gas Negara has grown to a fully integrated gas corporation from the downstream gas business, transportation and distribution pipeline, storing as well as trading of natural gas across the nation. PT Perusahaan Gas Negara owns and operates transmission and distribution pipeline network in seven major cities: Jakarta, Medan, Surabaya, Bogor, Cirebon, Palembang, Pekanbaru and Batam. The pipeline length and distribution capacity is respectively 3,170 km and 303.75 mmscfd. PT Gas Negara has three Strategic Business Units (SBU) for playing the role in sole gas distribution, retailing, and other related businesses in Indonesia. SBU I, II and III spread in areas mainly in West and East Java, and Sumatra. Gas Negara has constructed long distance pipeline projects from Grissik-to-Duri which completed in 1998. In August 2003, the final phase of the Grissik-to-Batam-Singapore project was also completed. The trans Sumatra gas transmission pipeline system span over 1006 km in length from ConnocoPhillips gas processing plant complex in Jambi to Duri and from Grissik-to-Singapore supplying processed gas to meet the need of power, industrial and residential sectors. PT Gas Negara will continue its contribution to the development of Indonesia’s gas industry through the implementation of various pipeline projects. At present, Gas Negara owns and operates large scale of transmission pipeline exceeding of 1,074 km situated in two strategic islands and about 3,097 km of distribution systems that stretch over six regions. Moreover, it has distributed more than 105 MMSCF of gas to serve industrial, commercial and residential and gas transportation of over 173 MMSCF. PGN plans to set up a gas transmission pipeline development program called Indonesian Integrated Gas Transmission and Distribution (IIGTD) system, which will make a close link between East Kalimantan, Java, Sumatera, Batam and Singapore or from Natuna to Singapore. PT Gas Negara integrates quality assurance, transmission and distribution network complying with API, DNV and ISO to deliver best service in its class performance. Projects related to transmission and distribution pipeline, gas transportation by CNG and LNG mini vessel including Receiving Terminal, Off-take Metering Station, SCADA, Compressor Station, are currently offered to any potential foreign and local investors, vendors and suppliers.

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3.1.6

The National Energy Board

National Energy Board (DEN) has been created based on the mandate of UU No. 30 of 2007 on Energy, Article 12, 13 and 14. DEN consists of 3 leaders and 15 members. The leaders consist of Chairperson (the President), Deputy (Vice President) and the Daily Chairman (the Minister of EMR) and the members consist of 15 people, whereas 7 (seven) people are ministers or governmental functionaries, whom are directly responsible to the providing, transportation, distribution, and usage of energy, and 8 (eight) are Members of Stakeholders whom represent academicians, industry, technology, environmentalists, and consumers. The board`s duties are: 1. Plan and formulate the National Energy Policy (KEN), to be stipulated by the government with the approval of the House of Representative; 2. Stipulate the National Energy General Plan; 3. Stipulate the steps of overcoming energy crisis and emergency conditions; and; 4. Monitor the implementation of cross-sector energy policies. DEN has implemented: 1. Member sessions to consolidate DEN organization and has produced the board`s VISION, MISSION, and work procedure, 2. The formulation of national energy policies and currently has produced reference framework which summarizes ideas that will be included to KEN, and has created work units that produce academic manuscript draft and KEN plan draft, 3. Prepare the arrangement guideline draft of the National Energy General Plan and Regional Energy General Plan, 4. Formulate steps to overcome electricity crisis condition, which begun by visiting various areas experiencing electricity crisis in order to identify and evaluate the cause, 5. Studies on cross-sector energy issues, 6. Absorb energy stakeholders` aspirations, from the society and industry. DEN with seven ministers and eight stakeholders as members is expected to be able to solve crosssector issues which hamper energy development. Some cross-sector issues that have been identified are energy price, energy infrastructure funding, energy resource usage in protected forests, emission reduction from energy sector, energy usage efficiency in transportation sector, technology shift and domestic technology development in energy sector, renewable energy development, gas allocation for energy and non energy (fertilizer) industries, and premium depletion.

3.2

FOREIGN PRODUCTION SHARING CONTRACTORS SHORTLY LISTED PROFILES.

PSC (Production Sharing Contractors) are the contractors in the oil and gas upstream business. PSC bear all risks and costs of exploration till the commercial production starts. If there is a production, the contractors receive a share of production to meet cost recovery and an investment credit stated in PSC agreement. If there is no production, the contractors can not recover the cost. PSC Terms and Conditions in three aspects with regard to Sustainability Reporting. Economic Aspect: ● Contractor shall provide all funds, technologies and bear risks ● Cost recovery shall apply in POD basis, Contractor can recover Operating Costs only out of Petroleum or gas commercially produced from a particular field which is approved based on a particular POD ● Contract terms is 30 years and extendable for another 20 years ● The first six years of the contract, contractors carry out the exploration work and exploration term can be extended for another four years

Contractor must relinquish the acreage (block) in determined phases Contractor is required to commit firmly for the first three years of exploration and during which contractor is not allowed to divest its majority shares in the acreage (block) ● Contractor is obliged to submit 25% of its production portion to fulfill domestic requirement (DMO) ● Contractor gives signature bonus, equipment and service bonus and production bonus Social Aspect PSC have to maintain good relationship with the community surrounding its operation areas. PSC furnish such other funds and be responsible to conduct a community development programs relating to the community surrounding it operation areas during the term of the contract. Environmental Aspect PSC have to fulfill their obligations to protect the environment. PSC shall take the necessary precautions for protection of ecological systems, navigation and fishing and shall prevent extensive pollution of the area, sea or rivers and other as the direct result of operations undertaken under the work program. According to BP Migas, there are currently 26 PSC in the oil and gas production stage in Indonesia consisting of 23 foreign companies and 3 local companies.

● ●

1 2 3 4 5 6 7 8 9 10 11 12 13

Name of Companies in the oil and gas production stage BP Indonesia 14 Kondur Petroleum SA PT Bumi Siak Pusako- Pertamina Hulu 15 Kalrez Petroleum Seram Ltd Conoco Philips 16 Lapindo Brantas Inc CNOOC Southeast Sumatera 17 PT Medco E & P Indonesia PT Chevron Pacific Indonesia- Caltex 18 PT Pertamina E & P Chevron Indonesia Company- Unocal Camar Resources Canada Inc 19 Pearl Oil –Tungkal Ltd Citic Seram Energy Limited 20 Petroselat Ltd Energy Equity EPIC 21 Premier Oil Natuna Sea Exxonmobil Oil Indonesia 22 Petrochina International companies EMP Kangean Limited 23 Santos (Sampang and Madura Offshore) Ltd Hess (Indonesia-Pangkah) limited 24 Star Energy –Kakap Husky OIL ( Madura ) Ltd. 25 Total E & P Indonesie Kodeco Energy Co Ltd 26 Vico Indonesia

3.2.1

Chevron

Chevron Indonesia and Chevron Pacific Indonesia are under the Chevron Indo Asia belong to the Chevron in USA. There are two Chevron companies in Indonesia namely Chevron Indonesia (ex Unocal Indonesia PT) and Chevron Pacific Indonesia (ex Caltex Pacific PT). In 1924, Chevron took the first significant step in Asian exploration and production in Indonesia. Standard Oil Co. of California (Socal), which later became Chevron, dispatched a geological expedition to the island of Sumatra. In 1936, the as-yet unproductive holdings became part of N.V. Nederlandsche Pacific Petroleum (later, CPI), a joint venture between The Texas Co (later,Texaco) and Socal. Five years later, the company used Steam flood technology to the Duri field in 1985, and now Duri is one the world's largest enhanced-recovery steam flood projects. In the 1990s, the company expanded operations to include electric power generation, relying on geothermal and other forms of renewable power production. Chevron's position as an energy industry leader in crude oil and natural gas strengthened by the acquisition of Unocal Corporation on 10 Aug 2005 US$ 17.5 billion. In 2007, Darajat III was
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recognized as the largest project in the world registered under the U.N. Clean Development Mechanism. Chevron is Indonesia's largest oil producer, with a total daily production averaging 460,000 barrels of liquids per day and total average daily production of natural gas was 416 million cubic feet in 2008. It also produces 630 megawatts of clean, reliable and affordable geothermal. Chevron sells lubricants in Indonesia through our subsidiary PT Chevron Oil Products Indonesia. Work field areas: Sumatra: Duri, Rumbai, Minas and Dumai Kalimantan: Balikpapan (Pasir Ridge), Sepinggan, Yakin, Attaka and West Seno Makassar Strait,Rapak, Ganal, Ambalat, Bukat, Popodi, Papalang, Muara Bakau and Donggala West Java: Salak and Darajat for Geothermal 3.2.2 BP Indonesia

BP has been 40 years in Indonesia and operates all of its main business streams including petrochemicals, lubricants and upstream activities. BP is one of the largest foreign investors in the country, with a cumulative capital investment to date of over $5 billion. The acquisition of ARCO's assets in 2000 and the approval by the government of Indonesia in March 2005 to begin the construction of Tangguh LNG greatly strengthened its position in Indonesia's upstream energy sector. Beside the upstream activities in West Java, VICO and Tangguh LNG, BP via its joint venture companies also operates in the petrochemicals industry (PT AMI ) and lubricants industry (PT Castrol Indonesia). Work areas in Indonesia’s projects and partners: A. BP in West Java - ONWJ (Offshore North West Java) Shareholders: BP 46%, China's CNOOC (36.6%), Inpex (7.3%), Orchard Energy Java BV (5%) Itochu Oil Exploration (2.6%) and Talisman Resources Ltd (2.5%). ONWJ is one of Indonesia's largest offshore oil and gas operators--supplying energy for the domestic market on the island of Java. This project stretches from Cirebon in the east to Pulau Seribu (the Thousand Islands) in the West. The ONWJ facilities include 670 production wells, 170 platforms, over 40 processing and service facilities, along with approximately 1,600 km of sub-sea pipelines. The production sharing block--BP Offshore North West Java--came into operation in 1971. Since then it has produced 1.4 billion barrels of oil and 1 TCF (trillion cubic feet) of gas from the Arjuna, Northwest Corner and Bima fields. The block covers 11,000 sq km and has the remaining reserves of approximately 200 million barrels of oil. The latest field development in ONWJ is APN, located offshore approximately 100 km northeast of Jakarta. New facilities have been tied in to an existing facility some 50 km away, via a 24-inch trunk line. First gas started flowing from APN in August 2005 and will eventually reach a maximum rate of 150 million standard cubic feet a day. That represents 40% of all BP's gas supply to West Java and the West Java gets 55% gas supply from BP. In June 2009, BP has sold its share in the Offshore North West Java (ONJV) block at price of US$ 280 million to PT Pertamina Hulu Energy. B. BP in Papua Tangguh Project Shareholders: BP Indonesia (37.16%), CNOOC (13.90%), MI Berau BV (Mitsubishi Corp and INPEX Corp 16.30 %), Nippon Oil Exploration Berau (12.23%), KG Companies (Japan national Oil Corporation, Kanematsu Corporation, Overseas Petroleum Corporation- 10%), LNG Japan Corp (Nissho Iwai Corporation and Sumitomo - 7.35%) and Talisman 3,06%. General Electric and Saipem are two main contractors of the Tangguh Project. GE provides turbo trains which include Fram 7 gas turbines and compressors used to turn the gas from the reservoir into LNG. Saipem, a world leader in offshore construction, is responsible for all offshore and subsea construction.

Tangguh LNG’s long-term contracts are with four following customers: - the Fujian LNG project in China - K-Power in Korea - POSCO in Korea - Sempra Energy in Mexico The Tangguh liquefied natural gas (LNG) plant, has delivered the first cargo of LNG to Posco, outh Korea in July 2009. 3.2.3 Conocophillips

ConocoPhillips is a major, integrated, global energy company. It was incorporated in the state of Delaware on November 16, 2001. The merger between Conoco Inc and Phillips Petroleum Company occurred on August 30, 2002. Conoco Phillips operates in the United States, the Norwegian and U.K. sectors of the North Sea, Canada, Nigeria, Venezuela, offshore Timor Lesté in the Timor Sea, offshore Australia, offshore China, offshore the United Arab Emirates, offshore Vietnam, Russia, and Indonesia. Conoco Phillips operates nine Production Sharing Contracts (PSCs) in Indonesia and has a nonoperator interest in four others. Production of natural gas from Indonesia averaged a net 255 million cubic feet per day. Three offshore PSCs: 1) South Natuna Sea Block B, 2) Nila, and 3) Ketapang. Six onshore PSCs: 1) Corridor TAC, 2) Corridor PSC, 3) South Jambi ‘B’, 4) Sakakemang JOB (jointly operated with a co-venturer), 5) Block A PSC in Aceh, and 6) Warim. Conoco Phillips holds a non-operator interest in the Pangkah PSC offshore East Java. It also holds non-operator interests in the Banyumas PSC in Java and the Bentu and Korinci-Baru PSCs in Sumatra. ConocoPhillips Indonesia, has started to produce 265 million cubic feet per day level for gas and 20 thousand barrel per day for oil in North Belut Field in South Natuna Sea since November 2009. Gas from North Belut Field is projected to fulfill 50 percent of the selling necessity to Malaysia. The agreement has been signed in March 2001. 3.2.4 Exxonmobil

ExxonMobil is the industry leader in gas commercialization technology and the leading gas producer among the major oil companies, in North America, South America, Europe, Asia, Australia, the Middle East, the Caspian and Africa. ExxonMobil Oil Indonesia (EMOI) subsidiary of Exxon Mobil in Indonesia operates natural gas field of the Arun, Pase/South Lhok Sukon and the North Sumatra Offshore “A” field and supplying gas to the P.T. Arun LNG plant. Natuna D Alpha block, is another production sharing contract owned by Exxon. It was signed in 1985 and ammended with a basic agreement in 1995. Exxon is the operator of the Natuna D Alpha block with 76% of stake and Pertamina owns the remaining 24%. Natuna D Alpha block has not produced gas yet and it is estimated to have 46 tcf of gas reserves. The Indonesia government pushed ExxonMobil Oil Indonesia (EMOI) to immediately give its commitment to develop Natuna D Alphoa block before its contract expires in January 2007. If the U.S. company was unable to give its firm commitments in the period, the contract was not extended.

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Work areas: The Arun and satellite fields in Pase/South Lhok Sukon and the North Sumatra Offshore field the Arun and satellite fields in Pase/South Lhok Sukon and the North Sumatra Offshore field the Arun and satellite fields in Pase/South Lhok Sukon and the North Sumatra Offshore field Production: 745 million cubic feet (MMSCF) of gas per day (net). 3.2.5 Total E&P Indonesie

TOTAL Group, a worldwide company, operates in more than 130 countries. Total Group business is mostly in the oil and gas sector (upstream and downstream) and the derived products namely upstream, downstream and chemicals (base and specialties chemicals). As a subsidiary of TOTAL group in Paris, France, TOTAL E&P INDONESIE, was established in Jakarta on 14 August 1968. Since then, it has been working in partnership with the Indonesian Government, as a Production Sharing Contractor in the search for, and development of, Indonesia’s vast hydrocarbon reserves. TOTAL E&P INDONESIE as the largest gas producer in Indonesia, is supplying approximately 60% of the Bontang LNG plant requirements. In its initial stages, TOTAL E&P INDONESIE was active in producing oil from its Bekapai and Handil fields, located at the Mahakam river delta, East Kalimantan. The Tunu field a newly found gas reserve, also located at the Mahakam river delta, discovered in 1977 and it started production in 1990 and it delivered gas through a network of pipelines from the fields to East Kalimantan domestic natural gas buyers and to the Bontang LNG plant where it is liquefied and exported. In 1983, a gas reserve was discovered in The Peciko field. It is located offshore about 60 km northeast of the city of Balikpapan. Production started in December 1999, supplying gas to Train H in Bontang. Work field areas: Handil, Bekapai Tunu and Peciko in Mahakam Block area, East Kalimantan. Production: at an average of 2.5 BSCFD of natural gas and 88,517 BOPD of oil. Shareholders: Total E & P INDONESIA 50% and INPEX 50%. 3.2.6 Santos Asia Pacific PTY LTD

Santos is one of Australia's largest oil and gas exploration and production company, supplying sales gas to all mainland Australian states and territories, ethane to Sydney, and oil and liquids to domestic and international customers. Santos operates in Australia, the United States, Indonesia, Papua New Guinea, India, Bangladesh, Vietnam, Kyrgyzstan and Egypt. Work field areas: Santos (Sampang) Pty Ltd Lepas pantai Madura; Santos (Madura Offshore) Pty Ltd — Lepas pantai Madura; Santos (Nth Bali I) — Lepas pantai Bali; Popodi & Papalang PSC; WarimPSC; Bawean I PSC; BrantasPSC; KakapPSC. Invention/ development of new field: Oyong - Santos (Sampang) Pty Ltd; Maleo - Santos (Madura Offshore) Ply Ltd. Shareholders: Unocal; ConocoPhillips; BP; Lapindo; Talisman; Total; Medco; Cue; SPC; Star Energy.

3.2.7

Vico Indonesia

VICO Indonesia is a joint venture between BP and ENI and it is the third largest production-sharing contract operator in Indonesia. VICO operates the Sanga-Sanga Production Sharing Contract (PSC),and currently delivered around 17.5% of the total gas feed to Bontang (PT Badak), one of the world's largest LNG plants, with 8 trains and capacity of 22 mtpa. Work field areas: The Sanga-Sanga, East Kalimantan The Sanga-Sanga, East Kalimantan Shareholders: BP (50%) and ENI (50%). Production: 655 mmscfd (million cubic feet per day) of gas or 239 BCF per year and 25 mbd (thousands barrels per day) of oil and condensate. 655 mmscfd (million cubic feet per day) of gas or 239 BCF per year and 25 mbd (thousands barrels per day) of oil and condensate. 3.2.8 Hess (Indonesia-Pangkah) LTD.

Hess Corporation is a leading global independent energy company, engaged in the exploration and production of crude oil and natural gas, refining and marketing refined petroleum products and natural gas. The Company has operations in the United States, North Sea, United Kingdom, Norway, Denmark, Equatorial Guinea, Gabon, Azerbaijan, Thailand and Indonesia. Started production in 2007 and supplied the gas to PT PLN. Work areas: Lapangan Pangkah near East Java. Shareholders: Hess Indonesia Pangkah 66%, Hess Pangkah LLC 9 % and Kuptec Indonesia (Pangkah) 25%. Oil Treating Facilities project and LNG Facilities managed by Hess in Gresik, East Java. With US$ 165,7 million budget plan, Hess is planned to produce 25,000 barrel per day and 6,000 barrel per day of LPG. 3.2.9 Petrochina International Companies

PetroChina Company Limited as a joint stock company with limited liability was established in China on November 5, 1999, as part of the restructuring of China National Petroleum Corporation. It is one of the largest oil and gas companies in the PRC and is engaged in a broad range of petroleum and natural gas-related activities. Petrochina has grouped its operations into four divisions including - Exploration, development, production and sale of crude oil and natural gas; - Refinining, transportation, storage and marketing of crude oil and petroleum products; - Production and sale of basic petrochemical products, derivative chemical products and others chemical products; - Transmission of natural gas and crude oil, as well as the sale of natural gas. In June 2002, PetroChina acquired Devon Energy Companies in Indonesia. Through this acquisition, PetroChina has tapped into the success story of oil and natural gas exploration and production in Indonesia. With the signing of a 20-year agreement to supply Indonesian natural gas to Singapore starting February 2002, PetroChina was able to capitalize on its extensive gas reserves in Indonesia - and to provide much needed energy to one of the world's most rapidly developing regions. Work area: fields in Jabung (located in the Sumatran province of Jambi), Irian Jaya, and East Java. Together, these fields account for approximately 63,000 BOEPD.

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3.2.10

CNOOC SES LTD

CNOOC (China national Offshore Oil Coproration ) ranks the third among some largest oil and gas company in China. CNOOC Southeast Sumatra Ltd is a PSC with BPMigas for oil and gas in the offshore Java Sea. CNOCC produced oil 51,110 BOP /day and gas 100.7 MMSCFD/day in 2007. Shareholders: CNOOC SES LTD 65.5%, INPEX Sumatera 13%, KNOC Sumatera Ltd. 8.9%, Orchard Energy Sumatera BV 5%, Fortuna Resources Ltd. 3.7%, Talisman Asia Ltd. 2 % and Talisman Energy Inc 1.9%. Work area: Sumatera : Cinta field, Zelda field and Intan field.

3.3 3.3.1

PRIVATE PRODUCTION SHARING CONTRACTORS SHORTLY LISTED PROFILES Medco E & P INdonesia

Medco Energi International Tbk is the first Indonesian company operating in the oil and gas exploration and production business. It is officially listed in the Jakarta Stock Exchange and Surabaya Stock Exchange, Singapore Stock Exchange and Luxemburg Stock Exchange with share code MEDC. Medco Energi is an integrated company with business involvement in oil and gas exploration and production, drilling services, methanol production and power generation. Medco, or Medco Energi Internasional Tbk, is the country’s biggest privately-owned oil company, Today, MedcoEnergi involves in various exploration and production blocks in Indonesia and overseas, producing more than 21 million barrel of oil and 61 million cubic feet of gas annually. MedcoEnergi has 10 onshore rigs and 4 offshore rigs (Swamp barge), operate 1 Methanol Plant, 1 LPG Plant, and 3 Power Plants. Work areas: Kalimantan: (Bengaram Sanga-Sanga, Simenggaris, Tarakan, Nunukan, Sembakung). Sulawesi: (Senoro-Toili). Sumatera: (South and Central Sumatera PSC, Rimau, Langsa, Merangin, Lematang). East Java- Madura: (Madura, Tuban, Brantas). Medco has a joint venture with Pertamina in Sulawesi and East Java: - JOB PERTAMINA - MEDCO TOMORI SULAWESI LTD. Work area: Blok Tomori – Sulawesi Tengah Shareholders: Medco (50%) and Pertamina (50%) Development of New Field: Senoro -1 Gas 13.7 MMSCFD, Senoro -2 Gas 20,3 MMSCFD, Senoro – 3 Gas 12.0 MMSCFD JOB PERTAMINA - MEDCO MADURA PTY. LTD. Work area: Blok Madura – East Java Shareholders: Medco (65%) and Pertamina (35%) Development of New Field: Sebaya -1 : Gas 1.02 MMSCFD (Kab. Pamekasan ) Karasan -1 : Gas, not economical volume (Kab. Bangkalan) Tambuku-1 : Gas 1,08 MMSCFD (Kab Sumenep) Telaga-1 : Gas 0,138 MMSCFD (Kab Sampang)

3.4

SHELL COMPANY IN THE DOWNSTREAM OF OIL DISTRIBUTION

Royal Dutch Shell Plc or Shell group is a worldwide leading oil and gas company and petrochemicals company, operating in more than 140 countries and territories. It was established

in The Hague in 1890. The Royal Dutch plc is a unification of two parents companies, Royal Dutch and Shell Transport and Trading with its corporate headquarter in the Netherlands. Shell group has exploration and production ventures in more than 36 countries and employ approximately 28,000 staff including contractors. Shell Companies in Indonesia (SCI) is a subsidiary of Shell Group presently represented in Downstream Oil Products. PT. Kridapetra Graha (KPG) a wholly owned Shell company, manages the business operation of the Downstream Oil Products including marketing and trading the lubricants directly and via its appointed distributors for serving the transport sector. A range of lubricant products has been specially developed to fulfill the specific requirements of each industry such as: mining, cement and electric power generator. Shell is the first international oil company in fuels retail business after 40 years with the official opening of the retail outlets in Karawaci,Tangerang and Jakarta. The Shell fuels retail outlet has modern, fast flowing pumps, which provide a digitally printed receipt as manifestation of its commitment to provide high quality products with accurate quantity and the best service. In the Aviation business, Shell and Pertamina have signed MOU (Memorandum of Understanding) in aviation fuel sector. The deal aims to explore cooperation opportunities in aviation business and identify services that can be offered to aviation customers. Shell Company in Indonesia is also seriously looking at oil and gas exploration opportunities and plans to establish a significant presence in the upstream sector. In the Bitumen sector, Shell Flinkote is another Shell superior brand in the Water Proofing System, which gives customers total solution in protecting the building structure from the risk of leakage.

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4

MARKET OPPORTUNITIES FOR DUTCH COMPANIES OR SUPPLIERS OR CONSULTANCY IN OIL AND GAS TECHNOLOGY AND EQUIPMENT

4.1

OPPORTUNITY FOR SUPPLY OF TECHNOLOGY AND EQUIPMENT IN OIL AND GAS

The open opportunities for Dutch Companies or Suppliers participate in Indonesia’s oil and gas projects offered by Directorate General Oil and Gas, PT PGN, PT Pertamina or Production Sharing Contractors among others are: ■ Investors as production sharing company by participating in the working area of oil and gas offered by government. ■ Construction service of oil and gas namely planning construction and execution of Construction including EPC, installations and commissioning and supervision. For EPC service, the foreign company share ownership maximum 95%. ■ Non Construction service of oil and gas consists of: - Seismic survey and non seismic survey - Geology and geophysical and drilling - Acid Stimulation services on existing wells - Drilling on operation wells - Under water works - Management of explosive materials - Logistic base - Technical inspection and technical examination - Operation and Maintenance - Research and Development - Training & Education and consultancy ■ Suppliers for: - EOR (Enhanced Oil Recovery) technology and equipment This technology and equipment is necessary for the secondary recovery from the mature fields, of which currently Indonesia’s existing oil and gas fields experience. - Seismic processing equipment - Technology in separating CO2 during the drilling or exploration - Software sub-surface - Oil and gas dredging equipment, - Centrifugal pumps and compressor - Fire protection systems - New rigs and heavy equipment - Subsea production and well equipment - Anti corrosion and coatings - Flare systems and equipment - Pipelines and piping components - Various valves and actuators - Hydraulic Winder and Open Sea Oil Skimmer Foreign companies can participate in the tender of good and services from Perusahan Gas Negara (PGN), terms and conditions can be obtained at PGN office or news paper announcement.

The value of goods and services tenders which are available for foreign companies: - Construction and supply of goods with value above Rp. 50 billion rupiah (around Euro 3,8 million) - Consultancy for pipe construction with value above Rp. 5 billion rupiah (around Euro 384 thousand) Dutch Companies or Suppliers or foreign companies which don’t have the office in Indonesia, are suggested to cooperate with local companies in participating in the tender of equipment and technology, consultancy service due to the tender requirements such as Indonesia company registration, business license, tax numbers etc. Local companies usually act as the agent or the distributor from foreign companies of oil and gas technology or equipment for Indonesia area. See chapter 5.2 general requirements to participate in Pertamina’s Tender. See chapter 5.3 detailed requirements to participate in Oil and Gas Blokc. See chapter 5.4 detailed requirements to participate in PSC Tender. Pertamina has the list of registered suppliers in Pertamina office, the registered suppliers are informed when there is a tender organized by Pertamina and get the priority to participate in Pertamina Tender. Tender information provides the tender project procedures and the time-frame and the cost and other requirements to fulfill. All information in this report derived from sources that can be relied on but it is not our responsibility.

4.2

MARKET ENTRY

For foreign companies entering the Indonesian oil and gas sector, a number of considerations are important. Companies that want to supply equipment and technology to the oil and gas sector have to be duly registered and have all the required licenses as set out elsewhere in this report. One possibility for establishing a legal basis, is to set up a Representative Office or a limited liability company (Perseroan Terbatas, abbreviated to PT) in Indonesia that arranges the compliance of the company with the legal requirements. This also addresses the important aspect of visible presence in the Indonesian market. More information about setting up a Representative Office or a PT can be obtained from the INA – the Indonesian-Benelux Chamber of Commerce (www.ina.or.id). Another possibility is to work with an already licensed and registered supplier. This of course is administratively easier but also has obvious commercial disadvantages. In all entry strategies, a good agent may have a lot of added value. In spite of the now common use of tenders, buying processes are still often in-transparent, suppliers sometimes influence the drawing up of specifications, and the time between publication of a tender and the closing date for submitting offers is often short. An effective agent will know what is happening and what decisions can be expected, so that the supplier can prepare itself. Selecting the right agent is of course critical. Good access to decision-makers as well as ethical business practices are both important features of a good agent. In general, it is preferable to work with an agent that specializes on the oil and gas industry, and not with a more general agent. Distinguishing effective agents from agents that merely claim to have the access needed, is an important part of the selection process. Suppliers should ask for the track record of agents, for instance in recent tenders, and should always cross-check information that is being given. For selecting agents, contact the INA.

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Imports of products should be extremely carefully prepared. For companies not yet established in Indonesia, it is generally advisable to work with a forwarding agent that has experience with the import of oil and gas equipment. Not only is extensive documentation required, including a general import license APIT, but also compliance with Customs regulations is critical. Under the current anti-corruption drive, Customs is very precise in enforcing import regulations. Although corruption in procurement and in licenses and Customs has been much reduced, the problem still exists. Moreover, competitors turn to other means of ensuring a preferred status. The offer of package deals, whereby no only equipment but also supporting training and financing are offered, become more and more important. Suppliers should be willing to invest in the development of a continuous and broad relationship between supplier and buyer. An often made mistake by foreign suppliers, is the assumption that their equipment or technology is superior and that therefore the buyer will ultimately decide to buy it. Firstly, a technology may actually be too advanced for Indonesian circumstances, whereby for instance trained personnel is lacking. Also, the buyer may have no trust in a new supplier’s ability to performing after-sales services and spare-parts in Indonesia. Secondly, organizations in Indonesia are culturally sensitive to the way they are approached. They want to be seen as partners, and they are often uncomfortable with an inflexible supplier, as they know that projects often evolve differently than planned. Foreign supplies should put at least as much effort into gaining the trust of buyers that they are willing to join problems jointly, as on the quality of the product or the technology itself. Thirdly, the element of nationalism should not be underestimated. Especially state-owned companies and government institutions like to support Indonesian progress. This relates to the points made earlier about the importance for offering training and the need to be flexible during the development of projects. A final point on the market entry, is the importance of physical and tangible presence of the foreign partner. This argues in favour of establishing an own presence as soon as the commercial prospects are clear enough. It also argues in favour of appointing an Indonesian-based representative or agent and, for a frequent visit to Indonesia by one of the senior managers of the foreign companies. Business, like in many other Asian countries, is very much people-based, and usually a person get much better known than the company (s)he works for. Business is done at least as much with persons as it is with companies. Communication by email or phone is not sufficient. Changes in contact persons should also be avoided. Whilst internationally experienced agents are more used to these means of communication and to changes in contact persons, this becomes totally ineffective in the follow-up contacts with prospective customers. The development of a personal relationship with customers should become an important part of the foreign company’s marketing strategy. For more information about the culture of doing business, see ‘Werken met Indonesië’ D Challik and E Bouma, KIT, 2007.

5

GENERAL LEGAL REQUIREMENTS FOR PARTICIPATING IN THE OIL AND GAS INDUSTRY IN INDONESIA

5.1

GENERAL REQUIREMENTS TO PARTICIPATE IN GOVERNMETN OIL AND GAS AREAS

Director General proposes to the Ministry concerning the work area that will be offered to the companies or business units or the Production Sharing Contractors (KKS - Kontrak Kerja-Sama or KKKS-Kontraktor Kontrak Kerjasama). The consultation with the government of the province where the work areas are located in order to receive the information on the potential resources of oil and gas in the work areas. The Ministry decides the work areas and the term and condition of production sharing contract (revenue sharing contract in general 70 % for the government and 30 % for the involved company) which will be offered to companies or business units. The Ministry offers the work areas through the tender and the work areas offer is executed by Directorate General of Oil and Gas. The bid information or the tender document contains among others: 1) the tender time 2) the tender procedure 3) the technical information or the work areas 4) the procedure for accessing the data 5) the concept of production sharing contract 6) other needed requirements Tender is announced through printed media or news paper and electronic media. Tender Participants can be a single company or a consortium (a group of companies) and tender documents are for sale. Tender Participants must forward the offer documents consisting of: 1) the complete and filled in tender forms and signed by the director or by person getting the authorization from the director. 2) the work plan and budget for six years exploration period including three years of first firm commitment and the remaining three years of the exploration period. 3) the geological evaluation and technical justification as indicated in the new field wildcat well or the drilling well and the petroleum system based on the good technical principle with the relevant data mentioning the sources and the attached evidence. 4) the financial capability to support the field activity plan as indicated in the annual financial statements for the last three years or the holding company for the newly establishment participating company. 5) the guarantee letter stating participating tender will award compensation, goods and equipment aid, education and service aid and direct production bonus and will not be charged to the operation costs in Indonesia. 6) the agreement letter to set up a consortium and appointing the operator for the tender participant forming the consortium.
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7) 8) 9) 10)

the statement letter mentioning the company or tender participant accepts and can sign the concept of production sharing contract when is said as the tender winner. the copy of tender document purchase. the copy of company establishment act of the tender participant legalized by the notary or the authorized officers. the completeness of other requirements as determined in the tender documents.

The company or tender participant must submit offer documents is made double and put into a close envelope at the time, at the place and address mentioned in the tender document. The related Directorate General officer will give the receipt of the submission of offer documents. The submission of offer documents after the decided date means the cancellation of tender participant. The team evaluator of the work areas will decide the winner of tender of work areas based on the following criteria: 1) the technical evaluation focuses on the work plan for three years of first firm commitment supported by geological evaluation and technical justification as indicated in the new field wildcat well or the drilling well and the petroleum system based on the good technical principle. 2) the financial evaluation focuses on the financial capability to support the activity plan of exploration and exploitation as indicated in the annual financial statements namely the audited balance sheet and profit and loss statement by public accountant. 3) the performance evaluation: the experience in the oil and gas sector and the obedience to the existing regulations in Indonesia for the company has operated the business in Indonesia. The team evaluator of the work areas will submit the winner ranking of the company or participant tender of work areas to the Directorate General of Oil and Gas and the further report to the Ministry of Energy and Mineral Resources. The company or participant tender of work areas will receive the official notice from Directorate General of Oil and Gas as the winner of tender. Within seven days after receiving the official notice as the winner tender, the company or participant tender must submit the letter mentions that it can fulfill all the commitments indicated in the offer documents including the agreed concept of production sharing contract to the Directorate General. The company or participant tender is assumed to withdraw if it does not submit the letter within seven days after the receipt of official notice. For the company or participant tender which executes direct offer in the frame of joint study is not automatically appointed as the winner of tender. The company or participant tender will get the right to give the high offer like other companies or other participants tender. The winner of tender is the company or participant tender giving the high offer. The government has issued an EMR Ministerial Regulation No.040/2006 regarding the method of determining and offering oil and gas work area. The Ministerial Regulation No. 040/2006 regulating the time limit for the realization of a regular tender and direct offer is to be different from the previous stipulation. The bid document should be submitted within 45 days and evaluation should be completed within 120 days. There are two tender types for investors to participate in working areas of oil and gas upstream sector:

A.

Regular Tender Working areas are regularly prepared and determined by the Directorate General for Oil and Gas, Ministry of Energy and Mineral Resources based on the technical study by the Directorate General for Oil and Gas. The intended participant or investor must purchase the bid document at the office of Department of Oil and Gas. Submission of participating documents exactly 120 days from the date of issue of bid documents. The winning bidder will be announced within 2 months after the tender is closed.

The Tender Committee will evaluate and determine the winning bidder. Thereafter within 1 month, BP Migas and winning contractor will sign the contract agreement. The winning contractor in both Direct Proposal Tender and Regular Tender after signing the contract with the BP Migas, will prepare Performance Bond for three years work contract, the minimum amount is US$ 1,5 million or 10 % of the performance revenue will be achieved within three years. B. Direct Proposal Direct proposal is given for work areas which were originally open areas or those already offered but unbid. Companies have permanent establishment in Indonesia,can submit the proposal on investment in working areas to the Ministry of Energy and Mineral Resources with a joint study and a joint evaluation, may receive the right to match the change in the proposal, if the companies have made a better proposal on tender being conducted. The working areas proposed can be from the open areas or open blocks which have not been proposed. The director general of oil and gas will approve the proposal of joint study based on the evaluation of the committee. Companies applying for direct offer are also obligated to conduct a joint study and provide performance bond of US$ 1 million for a joint study and will be returned to the company or investor after the joint study has been completed. Submission of participating documents is within 45 days from the date of issue of bid documents or will be mentioned in the tender announcement. The Tender Committee will evaluate and determine the winning bidder. The winning bidder will be announced within 2 months after the tender is closed. Thereafter within 1 month BP Migas and winning contractor will sign the contract agreement. This stipulation also goes for PT Pertamina Persero. If Pertamina has good programs, it is possible for Pertamina to be given the direct offer. The regulation also regulates the offer of production work areas. The aspects of evaluation in this tender include technical, financial, company’s performance and production cost. In its bid, the participant is obliged to prepare the work and budget plan for the field development. UPSTREAM BUSINESS LICENCES A. Investment of exploration and exploitation on the working areas Private company in the form of PT (Limited Company) can apply the investment license to BKPM Coordinating Investment Board (Law 25 year 2007 regarding capital investment) Existing oil and gas foreign company in the form of legal body outside Indonesia territory carries out the activity in Indonesia is not necessary to apply the investment license from the BKPM. This foreign legal body should have the representative office in Jakarta and needs the representative office license. Investment in exploration and exploitation will need contract agreement of production sharing from Directorate General Oil and Gas and BP Migas.

-

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B. -

-

Downstream Business Licences Private company in the form of PT (Limited Company) can apply the company establishment license to BKPM Coordinating Investment Board (Law 25 year 2007 regarding capital investment) Private company in the form of PT (Limited Company) can apply the company establishment license to BKPM Coordinating Investment Board (Law 25 year 2007 regarding capital investment)

5.2

GENERAL REQUIREMENTS TO PARTICIPATE IN PERTAMINA’S TENDERS

Pertamina’s Crude & Intermediate Procurement Department invites all parties wishing to cooperate to fulfill the crude oil & intermediate requirement by joining the list of Pertamina's Crude & Intermediate Spot Tender Participants, as the main requirement to participate Pertamina tender. The interested candidates should undergo the followings: 1. Sending Application Letter as Pertamina's Crude & Intermediate Spot Tender Participants completed with conditional enclosure. Crude & Intermediate Procurement Department. Planning & Procurement Division - Refining Directorate. Pertamina Head Office, Main Building - 15th floor, Jl. Medan Merdeka Timur no. 1A Jakarta - 10110. 2. Pertamina's Prequalification Team will then evaluate the enclosure in point-1 to see the company eligibility. 3. The candidate must immediately complete any needed requirements by Pertamina Prequalification Team resume. Pertamina Prequalification Team decision and VP Planning & Procurement will officially announce the companies which are approved as Pertamina's Crude & Intermediate Spot Tender Participants. To be listed as selected participants of Crude and Intermediate Bid in Refining Directorate – Pertamina, selected National Oil Company or Major Oil Company or Producer or Equity Share Holder or Refiner should provide: 1. Company profile with complete company address; 2. Article of Association and/or Company of Incorporation; 3. Financial statements (Minimum the last three year) which have been audited by Public Accountant; 4. Name of Board of Director, Name of Board of Commissionaire and ownership of share; 5. Contact Person for Finance, Operational, Contract officer and/or Facsimile/Telex/telephone Selected Oil & Petrochemical Trading Company should also enclose the followings: 1. Reference working experience in commercial area of oil & gas enclosed contract evidence/ transaction mentioning volume, name and value of supplier / buyer, list of crude oil and petrochemical products which are handled; 2. Latest Financial statement (the last three year) which have been audited by Public Accountant; 3. Reference Bank of International First Class Bank to be used as Bank transaction; 4. Approved Oil Trader Certificate (Special for company living in Singapore / Notarized copy); 5. Organization Chart Company and personnel list; company rating credit (if any); ownership of share, holder share equity, refinery, storage, facility blending (if any). As Pertamina Crude & Intermediate bid participant, Bid Invitation with All Terms & Conditions would be sent to the selected participants, at least a week before the bid starts.

5.3

DETAILED REQUIREMENTS TO PARTICIPATE TENDER PROJECTS FOR OIL AND GAS BLOCKS

The government via the Department of oil and gas offers 23 blocks of oil and gas to oil and gas investors or companies to participate in the direct proposal tender and regular tender in 2010. Oil and gas blocks by Direct Proposal Tender 1 2 3 4 5 6 7 8 9 10 11 Puri Sakakemang Sunda Strait I North Madura Mandala Karapan Long Hubung-Long Bagun Malunda South Mandar Sadang South Sageri in in in in in in in in in in in Sumatera Sumatera Java sea Madura Madura Kalimantan Sulawesi sea Sulawesi sea Sulawesi sea Sulawesi sea Sulawesi sea Oil and gas blocks by Regular Tender 1 2 3 4 5 6 7 8 9 10 11 12 South East Andaman Tarakan I Tarakan II Tarakan III North Masela West Berau East Manokwari Cendrawasih Bay I Cendrawasih Bay II Cendrawasih Bay III Cendrawasih Bay IV East Aru in in in in in in in in in in in in Sumatera Kalimantan Kalimantan Kalimantan Maluku Papua Papua Papua Papua Papua Papua Papua

Direct Proposal Tender Access Bid Document: 28 Dec’09 - 9 Feb 2010 Clarification Forum : 4 Jan - 3 Feb 2010 Submit Document : 10 February 2010

Regular Tender Access Bid Document: 28 Dec’09 - 23 April 2010 Clarification Forum : 4 Jan- 16 April 2010 Submit Document : 26 April 2010

The Bid Document corresponding to one block shall be purchased in the amount of US$ 5,000 full amount. Payment shall be made to Kegiatan Pelaksanaan Pengelolaan (KPP) Wilayah Kerja Minyak dan Gas Bumi, the account of number 122.00.0110899-5, Bank Mandiri Cabang Jakarta Kebon Melati. Proof of payment should be delivered to: Sekretariat Tim Penawaran Wilayah Kerja Minyak dan Gas Bumi Direktorat Jenderal Minyak dan Gas Bumi Plaza Centris 1st floor Jl. HR Rasuna Sadi Kav B 5, Kuningan, Jakarta Selatan Tel: +62 -21-5268963, 5268910 ext 135 Fax:+62 -21-5268963 The Bid Document corresponding to one block shall be purchased in the amount of US$ 5,000 full amount. Payment shall be made to Kegiatan Pelaksanaan Pengelolaan (KPP) Wilayah Kerja Minyak dan Gas Bumi, the account of number 122.00.0110899-5, Bank Mandiri Cabang Jakarta Kebon Melati. Proof of payment should be delivered to: Sekretariat Tim Penawaran Wilayah Kerja Minyak dan Gas Bumi Direktorat Jenderal Minyak dan Gas Bumi Plaza Centris 1st floor Jl. HR Rasuna Sadi Kav B 5, Kuningan, Jakarta Selatan Tel: +62 -21-5268963, 5268910 ext 135 Fax:+62 -21-5268963 Internet: www.wkmigas.com

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5.4

DETAILED REQUIREMENTS TO PARTICIPATE IN PRODUCTION SHARING CONTRACTORS’ TENDER

This tender information is to indicate that Production Sharing Contractors need equipment or service from other sources. This information is derived from PSC office and is not our responsibility. BP BERAU LTD. Potential service suppliers are invited to participate in prequalification process for re-tender Bid No. 4400000151 subject Geophysical and Geotechnical Survey for Tangguh Development Project & Drilling for Big Scale Company and a minimum local content of 35 %. All potential bidders which are interested in participating the prequalification process shall submit following requirements: Application letter to participate Shareholder chart and Organization chart Valid original and copies of applicable business license (SIUP/IUT) Valid original and copies of Certificate of Company’s Registration (TDP) Commitment Letter to achieve minimum Local Content requirement as requested above Time schedule for tender mentioned as follows Registration period : 13 - 15 January 2010 Prequalification document issuance : 13 January 2010 Submit Document : 22 January 2010 The field work is planned to start between May to June 2010. Bidders who pass the prequalification process will be invited to participate in tender process with cost of bid package Rp. 500,000 (Five Hundred Thousand Rupiah). PETROCHINA INTERNATIONAL (BERMUDA) LTD. PetroChina International (BERMUDA) LTD invites partners to attend these auctions below: ■ Auction No. : PC-599-CA Subject: EUIPMENT HEAVY RIG RENTAL SERVICES FOR SUPPORT Participants will provide 12 units Heavy Equipment and its services to support the Company's drilling wells in Block Head Bird - Sorong: Irian Jaya Barat. All potential bidders which are interested in participating the above mentioned tender, please submit a written application by attaching company profile with following copy requirements: 1. Having a certification issued by the Certification Committee authorized the Classification of Business: Other Services, Sub Division: work equipment rental / production / construction as mentioned above with a qualification: "B" / Large; 2. Company Business License (SIUP), Tanda Daftar Perusahaan (TDP), and PKP NPWP still valid; 3. Deed of Company Establishment which passed its amendment (if any); 4. Having paid the tax liability last year (SPT / Income for the years 2007-2008) - attached; 5. Having a monthly report of Income Tax Article 25 or Article 21 / Article 23 and the VAT of at least 3 (three) months ago (in 2009) except for new companies that have not been obliged to report; 6. Company balance sheet as of the year 2007/2008 which have been audited by a Registered Public Accountant, complete with the Auditor Opinion; 7. List of similar work experience with this auction, accompanied by proof of work experience within a period of seven (7) years; 8. Attach the Consortium Agreement (if there is cooperation in the implementation of the Service). Only vendors who submit a complete document that will be considered in the pre-qualification. Registration: 11 – 14 January 2010 PetroChina International (BERMUDA) LTD. Brass Tower Building, 21st Floor, Jl. HR. Rasuna Said Blok X-7 Kav. 5 - Jakarta 12940

(Up.: Auction Committee Chair) ■Auction: PCJ-1352-CA Subject: Electrical & Instrumentation INSTALLATION SERVICES FOR SOUTH WEST BETARA FCA Partners who are interested to follow the above auction, please submit a written application by attaching corporate profile as follows: 1. Company Establishment Deed following amendments passed by agencies / departments in charge; 2. Certificate of Domicile; 3. City Business Letter issued by government authorities are still valid; 4. Tanda Daftar Perusanaan (TDP) which is still valid, NPWP / PKP, and the certificate issued by Asosias / Certification Committee is authorized; 5. Having paid the tax liability last year (SPT / Income for the year 2008/2009) and has a monthly statement of Income Tax Article 25 or Article 21 / Article 23 and VAT at - least three (3) months ago; 6. Financial Balance Sheet Company audited by Public Accountant Registered (Year 2008), complete with audit opinion; 7. Oil & Gas Certificate which applies mash, and the same work experience and similar to this auction, accompanied by proof of work experience. Only vendors who submit a complete document will be considered in the prequalification. Registration : 8 – 12 January 2010 PetroChina International JABUNG LTD. Brass Tower Building, Floor 21 Jl. HR Rasuna Said Blok X-7 Kav. 5 Jakarta 12940 U.p. : Auction Committee Chair TOTAL E & P INDONESIE ■Auction No. : CTBS001175- MA Subject: PROVISION OF STIMULATION BARGE, PUMPING SERVICES AND MATERIAL ■Auction No.: CTBS001215- AA Subject : MAINTENANCE OF LIFEBOAT AND LIFERAFT Registration is made at the office of TOTAL E & P INDONESIE UP Contract Adm & Service Office CRD/C &P Plaza Kuningan North Tower 4th floor Jl. H.R Rasuna Said Kav C 11-14, Jakarta Enclosing Audited Company Financial Statement 2008 with the copy of SKTPM (Proof of document Receipt. If don’t have the copy of SKTPM should enclose: - SIUP/SIUJK/SIUPAL (Valid original and copies of applicable business license ) - Company Establishment Deed and NPWP (Tax Number) - The tax liability last year (SPT / Income for the year 2008/2009) - Copy of PO/Contract for goods and service in the above mentioned tender Registration to be closed on: 28 January 2010 VICO INDONESIA ■Auction No. : 43190 RE- TENDER Subject : HEAVY & HAULING EQUIPMENT SERVICES Classification: Big company Registration is made at the office from 20 – 26 January 2010 ■Auction No. : 44690
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Subject : INPLANT FACILITIES CONSTRUCTION SERVICES Classification: Big company Registration is made at the office from 20 – 28 January 2010 UP Lelang VICO INDONESIA Wisma Mulia 48 th- 49th fl, Jl.Jend. Gatot Subroto No. 42, Jakarta 12710 Cost of bid package Rp. 500,000 (Five Hundred Thousand Rupiah). KODECO ENERGY CO LTD ■ACID STIMULATION SERVICES ON EXISTING WELLS (BID No. 004/TS/TECH/JANUARY-10) Registration period: 25 - 28 January 2010 office hour. ■INTEGRATED PETROLEUM SYSTEM STUDY (BID No. 002/TS/TECH/JANUARY-10) Registration period: 27 January - 1 February 2010 during office hour. In line with the tender, qualified contractors are invited to register by submitting below documents for Pre-qualification process. TECHNICAL 1. Letter of interest to participate 2. List of experience in above service in Northeast Java Sea basin to oil and gas industry in Indonesia during previous 7 years; 3. Submit proposed expertise personnel and detail information of software and hardware equipment to support the work; 4. Provide method of study and must be performed in Indonesia territory. ADMINISTRATION 1. Copy of articles of Association and its amendment including List of Capital Ownership and Board of Director and Commissioners; 2. Copy of a valid NPWP (Tax Number), valid SIUP, valid TDP (Tanda Daftar Perusahaan); 3. Migas Registration Certificates (SKT Migas) if any; 4. Financial Balance Sheet Company audited by Public Accountant Registered (Year 2008), complete with audit opinion; 5. Original Bank Reference issued in 2010; 6. Proof of tax payment: the tax liability last year (SPT / Income for the year 2008/2009) and monthly report of PPH Article 25 , 21, 23/PPN at least for the last three months; 7. Copy of Jamsostek Certificate; Detail information can be obtained at Kodeco’s Tender Board, 24th Floor, Indonesia Stock Exchange Building Tower I, Jl.Jenderal Sudirman Kav. 52. Jakarta 12190 Website: www.kodecoenergy.com/tender_announcement

6

CONTACT DETAILS OF KEY INSTITUTIONS AND COMPANIES

6.1

LIST OF RELATING MINISTRY AND DIRECTORATE GENERAL

1.

Company Name Address Phone Faximile Email Internet Status Activity Executive Company Name Address Phone Faximile Status Activity Executive

MINISTRY OF ENERGY AND MINERAL RESOURCES Jl. Medan Merdeka Selatan 18, Jakarta 10110 +62-21- 3804242 ext 1101, 3813233 +62-21- 3847461 info@mesdm.net www.esdm.go.id or www.mesdm.net State Ministry Office Policy and Strategy of Energy and Mineral Resources Mr. Darwin Zahedy Saleh– Minister DIRECTORATE GENERAL FOR OIL AND NATURAL GAS Plaza Centris Bldg 16th fl Jl. HR Rasuna Said Kav B-5, Kuningan, Jakarta 12910 +62-21- 5269011 +62-21- 5269012 Directorate General Office Services Ms. Dr. Evita H.Legowo – Director General DIRECTOR FOR OIL AND GAS EXPLORATION AND EXPLOITATION Plaza Centris Bldg 16th fl Jl. HR Rasuna Said Kav B-5, Kuningan, Jakarta 12910 +62-21- 5269045 +62-21- 5268904 Directorate General Office Services Mr. Edy Hermantoro - Director DIRECTOR FOR OIL AND GAS PROCESSING AND TRADE Plaza Centris Bldg 16th fl Jl. HR Rasuna Said Kav B-5, Kuningan, Jakarta 12910 +62-21- 5268982 +62-21- 5268981 Directorate General Office Services Mr. Saryono Hadiwidjojo - Director DIRGEN FOR OIL AND GAS, DEPARTMENT ESDM Plaza Centris 7th fl Jl. HR Rasuna Said Kav B-5, Kuningan, Jakarta 12910 +62-21- 5268910 ext 135 +62-21- 5268963 Directorate General Office Sekretariat Tim Penawaran Wilayah Kerja Minyak Gas dan Bumi Tim Lelang for Regular Tender or Tim Penilai for Direct Proposal

2.

3.

Company Name Address Phone Faximile Status Activity Executive

4.

Company Name Address Phone Faximile Status Activity Executive

5.

Company Name Address Phone Faximile Status Contact

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6.2

LIST OF RELATING STATE OWNED COMPANIES IN OIL AND GAS

1

Company Name Address Phone Faximile Status Internet Activity Executive

BP MIGAS Patra Jasa Building 22 Fl Jl. Jen Gatot Subroto Kav 32-34, Jakarta 12950 +62-21- 52900245-48 +62-21- 52901261 State owned company www.bpmigas.com Managing and controlling upstream oil and gas activities including the production sharing contractors Mr. Ir. R.Priyono – Head of BP Migas BPH MIGAS BPH Migas Building Jl. Kapten Tendean 28 , Jakarta 12710 +62-21-, 5255500, 5212400 +62-21- 5210240 www.bphmigas.go.id State owned company To regulate and supervise the availability and distribution of oil fuel and natural gas through pipeline, under a regulation in order that availability and distribution of oil fuels will be guaranteed throughout Indonesia and the increased of domestic use of natural gas Mr. Tubagus Haryono– Head of BPH Migas PERTAMINA Jl. Medan Merdeka Timur 1 A, Jakarta 10110 +62-21- 3815111, 3816111 +62-21- 3633585, 3843882 www.pertamina.com State owned company Manufacturer, Trading Mrs. Karen Agustiawan– President Director Mr. Omar Sjawaldy Anwar – Vice President Director Mr. Ahmad Faisal – Director PERUSAHAAN GAS NEGARA Jl. KH Zainul Arifin 20, Jakarta 11140 +62-21- 6334838, 6334848 +62-21- 6333080 www.pgn.co.id State owned company Distributor, Service Mr. Hendi. Prio Santoso – President Director Mr..Wahid Sutopo - Corporate Secretary

2.

Company Name Address Phone Faximile Internet Status Activity

Executive

3.

Company Name Address Phone Faximile Internet Status Activity Executive

4

Company Name Address Phone Faximile Internet Status Activity Executive

6.3

LIST OF PSC IN OIL AND GAS PRODUCTION

1

Company Name Address Phone Faximile Internet

B.P (BRITISH PETROLEUM) INDONESIA Perkantoran Hijau Arkadia, Jl. Letjen. T.B. Simatupang Kav. 88, Jakarta 12520 +62- 21- 7883.8000 +62 – 21- 7883.8333 www.bp.com

Executive 2 Company Name Address

Mr. William Lin - President & Resident Manager BUMI SIAK PUSAKO PT- PERTAMINA HULU Menara Bank Danamon Lt. 20 Jl. Prof Dr. Satrio Kav EIV/6, Kawasan Mega Kuningan Jakarta 12950 +62-21-57991552 +62-21-57991553 www.bobcpp.co.id Mr. Riyanto Suwarno - GM CHEVRON PACIFIC INDONESIA PT CHEVRON INDONESIA (Ex UNOCAL INDONESIA) Sentral Senayan I Office Tower, 18th Floor Jl. Asia Afrika No. 8, Jakarta 10270 +62-21-5731020, 57984000, +62-21-5731030 www.chevron.com Mr.Steven Green – President Director CAMAR RESOURCES CANADA INC World Trade Center 14th Floor Jl. Jend. Sudirman Kav. 29 - 31, Jakarta 10290 +62-21-5211829 +62-21-5211709, 5211822 Mr. Yusuf Sulaeman – President Director Mr. Dwi Hendri Yuniarto – Vice President Director CITIC SERAM ENERGY LIMITED Menara Citibank 3rd & 6rd Floor Jl. Metro Pondok Indah Kav.II BA, Jakarta Selatan 12310 +62-21- 7662840 +62-21- 7662845 joffice@citicseram.com Mr. Tang Jhong fu – Resident Manager Mr. Chris Pudjianto – Logistic Manager CNOOC SOUTHEAST SUMATERA Jakarta Stock Exchange Building 19th -23th fl Jl. Jend. Sudirman Kav. 52 - 53, Jakarta 12190 +62-21-5151001 +62-21-5151051 help_desk_jkt@cnooc.co.id Mr. Duan Chenggang – General Manager CONOCOPHILLIPS Gedung Ratu Prabu II Jl. TB Simatupang Kav 1 B, Jakarta 12560 +62 -21- 78541000 +62 -21- 7819910 www.conocophillips.com Mr. Jimm Taylor – General Manager ENERGY EQUITY (SENGKANG) EPIC PTY. LTD. Plaza 89 - Suite 802 Jl. H.R. Rasuna Said Kav. X-7, Jakarta 12940 +62-21-5222758

Phone Faximile Internet Executive 3 Company Name Address Phone Faximile Internet Executive 4 Company Name Address Phone Faximile Executive

5

Company Name Address Phone Faximile Internet Excutive

6

Company Name Address Phone Faximile Email Executive

7

Company Name Address Phone Faximile Internet Executive

8

Company Name Address Phone

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Faximile Executive 9 Company Name Address Phone Faximile Internet Executive

+62-21-5222759 Mr. Steward Elliott ( owner – from Australia) EXXONMOBIL OIL INDONESIA INC (EMOI) Wisma GKBI 25’th - 30th fl Jl. Jen Sudirman 28, Jakarta 10210 +62-21- 5740707 +62-21- 5740606 www.exxonmobil.com Mr. Terry Mcphail – President Director Mr. Maman Budiman – VP Public Relation HESS – AMERADA (INDONESIA-PANGKAH) LTD Sentral Senayan I Office Tower, Suite 113D, 5th. Floor Jl. Asia Afrika No. 8 Jakarta 10270 +62-21- 5725744 +62-21- 5725733 www.ameradahess.com Mr. Colin Munro (President & General Manager) HUSKY OIL ( MADURA ) LTD Park View Plaza 5th floor Jl. Taman Kemang 27, Jakarta 12730 +62-21-71794777 +62-21-7194650 www.huskyenergy.com Mr. Kevin Moore – General Manager KALREZ PETROLEUM SERAM LTD Bidakara Building 5th Floor Jl. Jend. Gatot Subroto Kav.71-73, Pancoran, Jakarta 12870 +62-21-83793125 +62-21-83793150 kalrez@kalrez-ltd.com Mr. Chew Sin Hwa – General Manager KANGEAN LIMITED EMP Wisma Mulia 25-26 Floor Jl.Jend. Gatot Subroto No.42, Jakarta 12710 +62-21-25504880 +62-21-25504884 Mr. Junichi Matsumoto – General Manager KODECO ENERGY CO LTD Stock Exchange Jakarta Building Tower I, 24th Floor, Jl.Jenderal Sudirman Kav. 52, Jakarta 12190 +62-21- 5159277 +62-21- 5151175 www.kodecoenergy.com Mr. Hong Soon Yong KONDUR PETROLEUM SA Wisma Mulia 30th Floor Jl. Jend Gatot Subroto Kav.42, Jakarta 12710 +62-21- 52906100, 52906200 +62-21- 52906300 www.kondur.co.id Mr. P.Agustino – President Director LAPINDO BRANTAS INC

10

Company Name Address Phone Faximile Internet Executive

11

Company Name Address Phone Faximile Internet Executive

12

Company Name Address Phone Faximile Email Executive

13

Company Name Address Phone Faximile Executive Company Name Address Phone Faximile Internet Executive Company Name Address Phone Faximile Internet Executive Company Name

14

15

16

Address Phone Faximile Email Executive Company Name Address Phone Faximile Internet Executive Company Name Address Phone Faximile Executive Company Name Address Phone Faximile Internet Executive Company Name Address Phone Faximile Internet Executive Company Name Address Phone Faximile Email Executive Company Name Address Phone Faximile Internet Executive Company Name Address Phone Faximile Internet Executive Company Name Address

17

18

19

20

21

22

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Wisma Mulia Building 28th Floor Jl. Jend. Gatot Subroto No. 42, Jakarta 12701 +62-21-52906336 (hunting) +62-21-52906337, 52906335 lapindo@lapindo-brantas.com Mr. Dharma Irwan Jenie - GM MEDCO E & P INDONESIA PT Bidakara Bldg 11th-18th fl Jl. Jen Gatot Subroto 71-73, Jakarta 12870 +62-21- 83991010 +62-21- 83991011 www.medcoenergi.com Mr. Budi Basuki – Operational Director PEARL OIL -TUNGKAL LTD Wisma Pondok Indah 2, Suite 900 – 801 Jl. Sultan Iskandar Muda Kav. V-TA, Jakarta 12310 +62-21-75922830, 75922834 +62-21-75922831 Mr. Andrew Duncan – President Director PERTAMINA E & P PT Menara Standard Chartered Lt. 21-29 Jl. Prof. DR. Satrio Kav 164, Jakarta 12950 +62-21-57974000 +62-21-57974555 www.pertamina-ep.com Mr. Bagus Sudaryanto- Director PETROCHINA INTERNATIONAL COMPANIES Menara Kuningan Bldg 17th-27th Floor, Jl. HR. Rasuna Said Blok X/7 Kav 5, Jakarta 12940 +62-21- 57945300 ext 8010 +62-21- 57945240, 57945301 www.petrochina.co.id Mr. Lei Cheng- Director PETROSELAT LTD Wisma BSG - 11th Floor Jl. Abdul Muis No.40, Jakarta 10160 +62-21- 386.2550 +62-21-34834648 Emi@petroselat.com; imr_petroselat@link.net.id Mr. Dang Xiao Li – Director PREMIER OIL NATUNA SEA Jakarta Stock Exchange Building Tower 1 - Lt.10 Jl. Jend Sudirman Kav.52-53, Jakarta 12190 +62-21- 5151800 +62-21- 5151900 www.premier-oil.com Mr. Peter Mills – President Director SANTOS ASIA PACIFIC PTY LTD Ratu Plaza Office Tower 4th fl Jl. Jen Sudirman Kav 9, Jakarta 10270 +62 -21- 2700410 +62 -21- 7204503 www.santos.com Mr. Chris Newton – General Manager STAR ENERGY –KAKAP Wisma Barito 8 th -11 th

Page 44 of 47

25

Phone Faximile Internet Executive Company Name Address Phone Faximile Internet Executive Company Name Address Phone Faximile Internet Executive

26

Jl. Letjend S.Parman Kav 62-63, Jakarta 11410 +62-21-5325828 +62-21-5307928 www.starenergy.co.id Mr. Bret Mattes - CEO TOTAL E & P INDONESIE Plaza Kuningan - Menara Utara, , P.O. Box 1010, Jakarta 10010 Jl. H.R. Rasuna Said Kav. C 11-14, Jakarta Selatan 12940 +62-21- 523 1999 +62-21- 523 1888 www.total.com Mr. Roland Festor -President & General Manager VICO INDONESIA Wisma Mulia 48th fl , suite 4801 and 4901 Jl. Jen Gatot Subroto 42, Jakarta 12710 +62-21- 5236000 +62-21- 5236100 www.vico.co.id Mr. Craig Stewart - President and Chief Executive Officer

6.4

RELATED ASSOCIATIONS IN THE OIL AND GAS

1

Company Name Address Phone Faximile Internet Activity Chairman

INDONESIAN OIL AND GAS DRILLING CONTRACTORS ASSOCATION Jl. Gandaria III No.5, Jakarta 12130 +62.21- 7222088, 7253540 +62.21- 7253539 http://apmi-drilling.org Association of oil and gas drilling contractors Mr. Ir. Tito Kurniadi INPEMIGAS (ASSOCIATION OF SUPPORTING INDUSTRY FOR OIL AND GAS) Jl. Ampera Raya 9-10 , Jakarta 12550 +62-21-7808044 ext 187, 7808068 +62-21-7808055 www.inpemigas.or.id Association of supporting industry for oil and gas Mr. H.Yan Wagiran - 0811841582 (mobile phone) INDONESIAN PETROLEUM ASSOCIATION - IPA BEJ Bldg Tower II, 20th fl suite 2001 Jl. Jen Sudirman Kav 52-53, Jakarta 12910 +62.21- 5155959 +62.21- 51402545/6 ipa@cbn.net.id www.ipa.or.id Association of Indonesia Petroleum Mr. Ron Aston – President Director (from Talisman ) ASSOCIATION OF NATIONAL BUSINESSMEN FOR DOWNSTREAM OIL AND GAS Harmoni Plaza Blok G No.5 Jl. Suryopranoto, Jakarta 10130

2

Company Name Address Phone Faximile Email Activity Chairman

3

Company Name Address Phone Faximile Email Internet Activity Executive

4

Company Name Address

Phone Faximile Email Activity Executive

+62.21- 63866968, 63866186 +62.21- 63866186 dpp_hiswanamigas@yahoo.com Association of national businessmen in downstream oil and gas Mr. Ir. Muh Nur Adib - Chairman As the registered suppliers for Pertamina

6.5

OTHER OIL AND GAS COMPANIES ADDRESS

1

Company Name Address Phone Faximile Internet Executive Remark Company Name Address Phone Faximile Email Executive Remark Company Name Address Phone Faximile Internet Activity Executive Company Name Address Phone Faximile Email Internet Activity Executive Company Name Address Phone Faximile Email Internet Activity Executive Company Name Address Phone

2

3

4

5

6.

TALISMAN ENERGY BEJ Tower I, 11 th floor Jl. Jend Sudirman Kav 52-53, Jakarta 12910 +62.21- 5151601 +62.21- 5151602 www.talisman-energy.com Mr. Ron Aston – President Director Tender winner of Block Andaman Sea PT BRILLIANCE ENERGY Setiabudi Bldg 2, Room 502 Jl. HR Rasuna Said 62, Jakarta 12910 +62-21-5210651 +62-21-5210653 info@brilliancegroup.net Mrs. Diah Pitaloka – Director Tender winner of Block Sula I in Central Sulawesi SHELL COMPANIES IN INDONESIA Gedung Talavera 22-27 th fl Jl. Letjend TB Simatupang 22-26, Jakarta 12430 +62-21- 75924700, +62-21- 75924679 www.shell.com Down stream company in petroleum product and derivates Mr. Darwin Silalahi – Country Chairman REKAYASA INDUSTRY PT Jl. Kalibata Timur I No. 36, Kalibata Jakarta 12740 + 62-21-7988700,7988707 + 62-21-7988701,7988702 seccorp@rekayasa.co.id www.rekayasa.com Services includes EPC on oil and gas, energy, chemical Mr. Ir. Triharyo I.Soesilo – President Director RADIANT UTAMA INTERISCO TBK PT Jl. Kapten P Tendean 24, Mampang, Jakarta 12720 +62-21- 7191020, +62-21- 7191002 ruinco@radiant-utama.com www. ruinco.com Supplier, Service ( EPC) to Oil and Gas, Mining, Laboratory Mr, Ir. Sofwan Farisyi – President Director CORELAB INDONESIA PT Cilandak Commercial Estate Bldg 303 Jl, Cilandak KKO, Jakarta 12560 +62-21- 7801533,

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Faximile Email Internet Activity Executive

+62-21- 7802042 corelab.indonesia@corelab.com www.corelab.com Service – laboratory for oil and gas and petroleum engineering Mr. Richard Studd - GM

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