2012 PERFORMANCE &

2013 WORK PROGRAM
Rudi Rubiandini R. S.
Chairman of SKK Migas

Presented on Luncheon Talk IPA 2013
Jakarta 13 February 2013
Jakarta,

PRIVATE AND CONFIDENTIAL

2013 © SKKMIGAS – All righ
hts reserved

AGENDA

1.
2.
3
3.
4.
5
5.

2012 Production Performance
2012 Exploration Performance
2012 Other Performance
2013 Work Program
Strategic Objectives

2013 © SKKMIGAS – All righ
hts reserved

AGENDA

1. 2012 Production Performance

INDONESIAN OIL & GAS PRODUCTION PROFILE
2000

PEAK 1977

PEAK 1995

Plateau stage

1683
1631

1624

1612 1624

15891587

1575
1519

1506

1574

1539

1535

1557

1586
1537
1500

1491

1500

1522

1501

1407
1373
1338

1336
1305

1303

1288

13021302

1327

1264
1214

1408

1316
1267

1229

1375

1373

1366
1341

1364

15001500

14981496
1460

1415

1397 1404

1387

1362

1499
1468 1462

1445

1252

1240

MBOEPD

1147
1096

1082

1062

1056

1006

1000

966
904

889
853

977

1000 10101010
949 945
902

744

601

773

900
861

847

742

830

797

Decline 3-5%

585

569

500

954

550 544
488

466

512

401

266

153
52

57

57

51

53

59

74

91

99 109

1966
1967
1968
1969
1970
1971
1972
1973
1974
1975
1976
1977
1978
1979
1980
1981
1982
1983
1984
1985
1986
1987
1988
1989
1990
1991
1992
1993
1994
1995
1996
1997
1998
1999
2000
2001
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017

0

*) Outlook per 29 Januari 2013

YEAR

PRIVATE AND CONFIDENTIAL

Oil            Gas

4

OIL AND CONDENSATE PRODUCTION (BOPD) PRIVATE AND CONFIDENTIAL 5 .

GAS PRODUCTION AND DISTRIBUTION (MMSCFD) PRIVATE AND CONFIDENTIAL 6 .

and water composition) Project Retard and New Project Postponed Land acquisition Change of Work Priority Permit Postponed Operational Disruption (Unfinished Completion) Realization of development well production does not fulfill target (Subsurface ability) Abandonement of PUO and Gegerkalong Field (not economically viable) Limited Facilityy PRIVATE AND CONFIDENTIAL 7 . skin.OIL PRODUCTION DISRUPTION IN 2012 Cause of Unachieved Production PSC C Contractors t t Facility Disruption (Unplanned Shutdown) Decline of Subsurface potential (Unpredicted Decline) Contract C t t extension t i status t t th thatt iimplicates li t on drilling scenario shifting Rig Procurement Postponed Subsurface problems (sand. wax.

6% PRIVATE AND CONFIDENTIAL 8 .331 Vico Ind.7% 41 Other PSC  Contractors.PSC CONTRACTOR’S OIL PRODUCTION 2013 PER 27 JANUARY 2013 (BOPD) 39.  C t t 120.345 Chevron Pacific Ind Chevron Pacific Ind.910 ConocoPhillips Ind.146 PHE ‐ ONWJ PHE  CNOOC SES ConocoPhillips Ind. 36.  24.. 26. 16. PHE ‐ ONWJ. CICO Mobil Cepu Ltd.083 Chevron Pacific  Ind.178 Total E&P.  120. 15.. 38.798 14.692 CICO.  327.236 Vico Ind 15 236 PetroChina  Jabung.8% 41 KKKS Lainnya PERTAMINA. PERTAMINA Total E&P Mobil Cepu Ltd. 35 146 35. PetroChina Jabung CNOOC SES...788 7.817 Vico Ind.  64.

 1.693.25 Grissik.  1.68 ConocoPhillips Ind.219.049.. Ltd.8% PHE ‐ ONWJ.9% 12.99 ConocoPhillips Ind.0% Vico Ind. Ltd.51 ExxonMobil Oil.98 Total E&P Indonesie Total E&P Indonesie BP Berau PERTAMINA ConocoPhillips Grissik p Kangean Energy .46 43 Other PSC  Contractors.94 ExxonMobil Oil PetroChina Jabung PHE ‐ ONWJ PERTAMINA.  380.  294.  1.99 Total E&P  Total E&P Indonesie.02 43 KKKS Lainnya 12.  264.027.208 PetroChina Jabung.PSC CONTRACTOR’S GAS PRODUCTION 2013 PER 27 JANUARY 2013 (MMSCFD) 20.  ConocoPhillips  1.  432. BP Berau..6% PRIVATE AND CONFIDENTIAL 9 . Vico Ind.  1.  369 22 369.22 Kangean Energy  15. 212.

.2013 © SKKMIGAS – All righ hts reserved AGENDA 2 2012 Exploration Performance 2.

 PRIORITAS HOLDING) PRIORITY HOLDING) 24% KETIDAKTERSEDIAAN ALAT & JASA  UNAVAILABILITY OF SUPPORTING GOODS AND SERVICES PENUNJANG 42 21% 10% KETIDAKTERSEDIAAN DATA G&G UNAVAILABILITY OF G&G DATA 5 54 8% KOMPLEKSITAS BAWAH PERMUKAAN  COMPLEXITY OF SUB SURFACE NEEDS YANG MEMERLUKAN STUDI GGR MORE GGR STUDY 0% Exploration WA Fulfilled Firm Commitment Exploration WA in Termination Process Exploration WA in Fulfilling Firm Commitment Exploration WA Eksplorasi Have Not Fulfilled Firm Commitment  PRIVATE AND CONFIDENTIAL 5% 10% 15% 20% 25% 30% 35% . TUMPANG TINDIH.  (OPERATORSHIP. OPERASI LAPANGAN  33% INTERNAL PSC CONTRACTOR INTERNAL KKKS (OPERATORSHIP.Disturbance of Firm Commitment Impelemntation in 2012 (WA ≥ 3 Years) OIL & GAS EXPLORATION WA  ≥ 3 years :   119 WA 18 OVERLAPPING. FONANCIAL. SOSIAL  OPERATIONS MASYARAKAT. SOCIAL. PERMIT. FINANSIAL. PERIZINAN.

323 83 Well Services PRIVATE AND CONFIDENTIAL . Workover.Realization of Drilling.719 11.2012 ACTIVITIES WP&B 2012 REALIZATION % Exploration Drilling 236 119 50 Development Drilling 905 840 93 Workover Activities 767 740 96 13. And Well Service .

2012 2011* terdapat 1 sumur yang masih mempunyai kendala operasi 2012** Status 31 Desember 2012 *) Status per  31 Desember 2012 PRIVATE AND CONFIDENTIAL 13 .EXPLORATION WELL DICOVERY (CONVENTIONAL) 2002 .

TYPE OF EXPLORATION WELL DICOVERY (CONVENTIONAL) 2002 .2012 *) Status per 31 Desember 2012 PRIVATE AND CONFIDENTIAL 14 .

Reserves Replacement Ratio ((OIL & GAS)) 350% 310% 300% 250% 200% 180% 150% 130% 100% 69% 62% 50% 32% 35% 62% 127% 82% 52% 23% 0% 2007 2008 2009 RRR ‐ OIL (%) 2010 © BPMIGAS – All rights reserved 2010 RRR ‐ GAS(%) PRIVATE AND CONFIDENTIAL 2011 2012 .

52 164.67 2.79 Oil (MMBO) Gas (TSCF) 314.44 2012 Production (+) (‐) Additional Reserve from POD/POFD/POP 2012 Proven (P1) * 3742 52 3742.13 Gas (TSCF) 104.28 3.OIL AND GAS RESERVE RRR Oil @ 2012 = 52 % and Gas = 127 % Proven Reserve Per 01 01 2012 (P1) Oil (MMBO) Gas (TSCF) Oil (MMBO) Gas (TSCF) *)) Estimate Risked Reserve 2P from 50 POD approved in 2012 103.25 PRIVATE AND CONFIDENTIAL 16 .98 Estimate Proven Reserve in early 2013 (P1) Oil (MMBO) 3592 13 3592.

2012 PRIVATE AND CONFIDENTIAL .Fiscal Scheme “Pushed” By Proven Oil and Gas Reserves Portfolio Proven Reserves (by Country) *) Sumber: OPEC Annual Statistical Bulletin.

2013 © SKKMIGAS – All righ hts reserved 3 2012 Other Performance 3. PRIVATE AND CONFIDENTIAL .

5 million GOI  Take BOE PRIVATE AND CONFIDENTIAL 19 .TARGET VS ACTUAL 2012 % Achiev vement US$ 34.9 million 110% 104% 91% 92% 91% Oil Gas 90% Rencana Target Realisasi Actual 70% 50% 30% 10% US$ 33.

019  ‐ 22.400  2.341  9.126  8.000  23.657  10.065  54.219  80.608  2009 2010 2011 2012* 10.077  4.204  2.067  2.282  2.109  1.000  10.097  2.000  1.REVENUE DISTRIBUTION PROFILE OF OIL AND GAS SECTOR 90.200  400  11.845  7 126 7.204  2002 2003 2004 2005 2006 2007 9. DC.200  1.763  200 200  ‐ Cost Recovery Indonesia Share 2008 Gross Revenue Lifting (Mboe/d) ‐ Inc.707  36.153  19.158  2.000  2.294  34.112  7.326  2.000  20.050  2.638 8  . Exc Catatan: *) 2012 data is temporary PSC Contractor financial data per 21 January 2013 (statement periode Jan‐Dec’12) 2005‐2011 data is from Unaudited PSC Contractor Joint Financial Statement PRIVATE AND CONFIDENTIAL 20 .051  35.79 93  32.798  45 869 45.600  50.033  2.950  16.934  35.413  1.710  4.302  5. 30.800  1.416  5.972  2.796  9.000  60.400  MBOE/D D 38.254  2.675  Juta US$ 60.694  7.000  70.512  26.752  1 400 1.000  2.167  3.497  35.000  2.633  10.869  40.152  13.463  Net Contractor Share 19.000  15.797  24 153 24.255  2.661  800 800  600  15.339  8.715  9.544  6.665  19.691  5.000  61.

GOI TAKE PROFILE –2012 %GOI TAKE : GOI TAKE TO GROSS REVENUE % GOI TAKE 90% 80% 80% 79% 72% 72% 71% 71% 71% 70% 69% 66% 66% 66% 63% 62% 62% 60% 61% 60% 60% 60% 59% 59% 59% AVERAGE : 57% 58% 56% 54% 54% 50% 53% 52% 52% 52% 52% 52% 52% 51% 50% 50% 47% 47% 40% 45% 44% 37% 35% 30% 26% 20% 15% 15% 14% 10% 13% 13% 13% 13% 12% 12% 11% 11% 10% 10% 10% 8% 8% 8% 8% 8% 8% 7% 6% 0% Catatan: *) Temporary PSC Contractor’s Financial Data per 28 January 2013 (statement periode Jan‐Des’12) PRIVATE AND CONFIDENTIAL 21 .

078  4 3..000  500  ‐ 2003 2004 2005 2006 2007 2008 Ekspor Export 2009 2010 2011 2012*)) 2012 2013 2014 Domestik Domestic PRIVATE AND CONFIDENTIAL *) 2012 data based on actual data until November 2012 22 .000  4. 4.500  3.513 3  1.020  3.397  BBTUD 3 000 3.000  .480 0  1.416  2.267  4.615 5  3.500  4.527  1.202  4 2..379  4.000  Tangguh  846 BBTUD 3.913  2.500  Tangguh  710 BBTUD 4.500  4.341  1.8 850  4.INCREASING GAS DISTRIBUTION TO DOMESTIC Increased >250% in 8 Years 5.8 870  3.560  3.008  4.681  2.336  3.69 92  3.323  3.466 6  1.000  2.77 75  3.82 20  4.

5 86. resulted in the decline of CSR  activities 2. PRIVATE AND CONFIDENTIAL 23 . 0181 on  Operational Support Programs Realisasi Actual KepMen p ESDM  No22/2008 on  “Negative List “ Billiion Rp 400 PP 79/2010 PP 79/2010 on   “Cost Recovery “ 300 186. In 2011. resulted in the decline of CSR  activities ti iti 3.1 305. with the issuance of Government Regulation 79/2010 on cost recovery and tax in the upstream sector. with the issuance of Ministerial Regulation No. the Chairman of BPMIGAS issed Guideline Nomor 0181.7 200 100 311 231. resulting in an increase of CSR activities.22/2008 on costs that not included in cost recovery.2 178 5 178. In 2008. In 2010.5 169 7 169.SOCIAL AND ENVIRONMENT ACTIVITIES Increasing Operational Support Programs Chairman of BPMIGAS  Guideline No.2 0 2005 2006 2007 2008 2009 2010 2011 2012* Notes :  1.7 97.

000 90% 14.000 20% 2.000 30% 4.000 61% 50% 40% 6.000 Million US$ 8.000 60% 43% 43% 70% 60% 49% 54% 10.000 80% 63% 12.000 100% 16.PROCUREMENT & LOCAL CONTENT COMMITMENT (Approved by BPMIGAS and PSC Contractors) 2006 ‐ 2012 18.000 10% 0 Jasa Barang %TKDN 2006 5862 995 43% 2007 4737 1846 54% 2008 6568 1400 43% 2009 5408 3577 49% 2010 6976 3811 63% PRIVATE AND CONFIDENTIAL 2011 8109 3706 61% Dec-12 11388 4965 60% 0% 24 .

2012 Procurement Sharing Saving (US$ Million) Inventory and Asset Optimalization (US$  Million) 140 124 50 120 43 103 40 40 100 80 71 30 37 3 28 Realisasi 60 Realisasi 20 40 33 10 20 0 2009 2010 2011 2012 0 2009 PRIVATE AND CONFIDENTIAL 2010 2011 2012 25 .UPSTREAM OIL AND GAS EFFICIENICY 2009 .

to December Desember2012 2012: US$24.670.000 1 Mandiri $3.d.28 Miliar PRIVATE AND CONFIDENTIAL 26 .28 Billion US$ 24.THE VALUE OF PROCUREMENT TRANSACTION THROUGH STATE OWNED OR LOCAL OWNED BANK Yearly Transaction Commitment (Billion US$) April ‐ December 2012 (Million US$) $16.35 2% $491.348.969.29 0% $522.000 4 Syariah Mandiri 3.90 $1.21 4.809.735.29 2% 10.337.01 74% 5 Mandiri/BNI 6 Mandiri & BRI 7 Muamalat 2.39 $1 735 39 7% 8.000 $5.000 8 BUMD 0 2009 2010 2011 Dec-12 TotalTotal fromApril April2009 2009 s.63 6.68 $17.626.02 15% 6.24 0% 9.82 $5 82 0% $32.000 2 BNI 3 BRI 4.

36% 200 BANK RAKYAT INDONESIA 167 150 BANK MANDIRI 134 BANK NEGARA INDONESIA 100 $ 119.ASR FUND IN STATE OWNED BAND Cumulative ASR Fund (Million US$) Total ASR Fund 350 301 300 250 $ 71.83% 50 0 2009 2010 *) Status per 30 November 2012 2011 30 Nov'12 Nov 12 PRIVATE AND CONFIDENTIAL 27 .364.812.305.82% 232 $ 109 109.91 23.88 39.71 364 812 71 36.810.645.024.

2013 © SKKMIGAS – All righ hts reserved AGENDA 4 2013 Work Program 4. .

7 Billion PRIVATE AND CONFIDENTIAL } 2260 MBOEPD -CR & -Share 31.7 Miliar USD 29 .TARGET 2013 2013 APBN TARGET  ƒ Oil Lifting 900 MBOPD ƒ Gas Lifting 7890 BBTUD WP & B 2013 ƒ Cost Cost Recovery eco e y USD 15.5 Billion ƒ GOI Take US$ 31.

850 2 Gas Lifting [MMSCFD] 6.5 – 17.5 p US$105/bbl *)) OIL Price Assumption: GAS Price Assumption : US$9.9 – 29.35/mmbtu PRIVATE AND CONFIDENTIAL 30 .9 5 GOI Take [Billion US$] 27.070 – 2.939 [BBTUD] 7.090 4 Cost Recovery [Billion US$] 16.2013 TARGET Revised @ Januari 2013 No PARAMETER SATUAN TARGET 1 Oil Lifting [MBOPD] 830 .240 3 Oil and Gas Lifting [MBOEPD] 2.715 [MBOEPD] 1.

20                  0.4            1.7 1.0                ‐            0.13                  1.0            1.7           0.3 03                ‐            0.5            0.0            1.5            0.2                ‐            0.0                ‐            0.1 11            0.2            0.5 12 14 14 23 23 822 818 815 811 808 PRIVATE AND CONFIDENTIAL 834 832 828 834 831 23 805 827 33 801 834 33 798 831 33 795 828 39 791 830 39 788 827 39 785 824 25 0.5           1.5          18.4            0.5           1.4            0.9                ‐          0.4            1.7                  0.9            1.03 3 4 5 6 7 8 9 10 11 Gundih (Kedungtuban.2            2.5            1.5            1.0            1.0           1.2            0.35               ‐               ‐               ‐               ‐               ‐                ‐ 2. rawa (ConocoPhilips (Grissik)  Ltd) Pondok Makmur Phase‐1 (Pertamina EP) Ruby (Pearl Oil Sebuku Ltd) KE‐38B (PHE WMO) KE‐39 (PHE WMO) KE‐40 (PHE WMO) KE‐54 (PHE WMO) South Mahakam (Total E&P Indonesie) POP/POD Onstream mundur 2012 ke 2013 POD Lapangan Tonga / MOSESA Project Jetty / SELERAYA POD Ridho 1 / ODIRA POD Ridho‐1 / ODIRA POD Rindu Area 7 (Duri) / PT CPI POP Sumur Tiung Biru‐1ST /         PERTAMINA EP POD Budi / TATELY Duri Area 12 POFD Duri Area 8 Rindu / PT CPI EOR  Rantau (Pertamina EP ) Talang Jimar (Pertamina EP )                ‐                ‐                ‐                ‐            1.5            1.00                  1.3 03                ‐            0.5            0.9                ‐          0.4            0.5            1.9            1.0           1. Tengah.7           0.0            1.0           1.0           1.5          12.04            1.25 12 14 14 23 12 13 14 15 16 17 18 19 20 21 FasProd 22 Banyu Urip (MCL ) POD/ POP onstream 2013 onward EOR PEP FasProd TOTAL POD/POP + Fasprod & EOR PEP Existing without New Project (Decline 5%/tahun) Total 23 23 29 29 29 35 35 35                ‐                ‐                ‐                ‐                ‐                ‐            1.2            0.2            2.9            1.2            0.4            0.3 27 803 32 830 .1 11            0.4                  0.5           1.5            1.UPSTREAM OIL AND GAS PROJECT– OIL 2013 ((in BOPD)) No Lapangan 2013 1 2 3 4 5 6 7 8 9 10 11 12 AVG 2013 POD/ POP onstream 2013 onward 1 2 Anoa (Premier Oil Natuna Sea BV) Duri Area‐13 (Chevron Pacific Indonesia)                ‐                ‐                ‐                ‐                ‐                ‐            0.9            1.5            2.20                  2.2            0.0           1. Randublatung.7 0.9            1.2            2.2            2.5           2.5           1.2            2.7           0.5                ‐                ‐                ‐                ‐            1.4                ‐                ‐                ‐                ‐                ‐                ‐            2.04            1.04            1.7           0.45                  0.5            6.13                  0.61 0 61                  0.2            2.5            1.5           2.2            0.6            0.5            1.2            0.0                ‐            0.2                  0.5           1.09                ‐                ‐                ‐                ‐                ‐                ‐                ‐                ‐                ‐            0.02                  1.9            1.9                ‐               ‐                ‐            0.2            0.2            0.1 11            0.7           0.5          16.37               ‐               ‐               ‐               ‐               ‐               ‐               ‐               ‐               ‐                ‐               ‐                ‐ 0.4            0.0            1.6            0.38                13.2            0.9                ‐               ‐                ‐            0.2            0.6            0.5            2.5            2.5           1.0           1.1 11            0.5           2.5          18.04            1.0            0.0            1.0           0.7           0.9                ‐          0.9                ‐               ‐                ‐            0.1            0.1                  0.0           1.2            0.5            1.1 11            0.2            0.50                  1.5          16.3 03                ‐            0.2            0.9            1.6            0.2                ‐            0.4            0.2            0.5            1.28                  0.3          0.7 0.7           0.3          0.4            0.2            0.5          12.0           0.5           1.5 2.5           1.5                  1.2            0.4            0.0            0.2                ‐            0.0            0.4            0.6            0.88                  0.2            0.2            0.3          0.5            1.0                  0.2            2.4            1.4            0.7                  0.4            1.04            1.7 0.1            0.0                ‐                ‐                ‐                ‐            1.0            0.04            1.2            2.0          12.0           1.0                ‐                ‐                ‐                ‐            1.5          18.4            1.9            3.5           2.9            1.2            0.0            1.0            1.2            2.2            2.82                  0.75                  0.2            2.5                ‐                ‐                ‐                ‐            1.9            3.5                ‐                ‐                ‐                ‐            1.00            0.6            0.0            1.5          16.4            0.15                  0.0           1.9            3.2            2.2            0.5            2.9            1.5            1.1 11            0.5            2.35           0.2            0.5            1.0            6. Kedunglusi) Pertamina EP Letang.0            6.2            0.

0 10.3          41.8 10 Kampung Baru (Energy Equity Epic (Sengkang))                ‐                ‐ 20 56.8            1. Tengah.8 1.0          37.0          37.3          41.0          60.3 43 4 3          4.8            1.3 13 4 3           4.1 28.5 POD/ POP onstream 2012 Ramp Up 280 278 275 273 271 269 266 264 262 260 258 255 268 POD/ POP onstream 2013 onward POD/ POP onstream 2013 onward 132 132 132 209 209 339 523 523 523 628 628 628 384 TOTAL POD/POP 412 410 407 482 480 608 790 788 785 888 886 884 652 EXISTING tanpa new Project (Decline 10.0          60.5 2 Bayan A (Manhattan Kalimantan Investment Pte Ltd) Bayan A (Manhattan Kalimantan Investment Pte.3          41.3 8 Sumpal Phase‐2 (COPI Grissik Ltd)                ‐                ‐                ‐ 56. rawa (COPI Grissik Ltd)                ‐                ‐                ‐                ‐                ‐ 41.1 12 12 12 18 18 18 18 18 18 18 18 18 16.8            1.9 6 Ruby (Pearl Oil Sebuku Ltd.0          37. Ltd)               ‐               ‐               ‐ 1 3          1.1          56.0 18.1 9 Grissik Debotlenecking (COPI Grissik Ltd)           130         130         130         130         130         130         130 75.UPSTREAM OIL AND GAS PROJECT – GAS 2013 ((in MMSCFD)) No 2013 Lapangan 1 2 3 4 5 6 AVG 2013 7 8 9 10 11 12 POD / POP ON STREAM 2013 1 Anoa (Premier Oil Natuna Sea BV)                ‐                ‐                ‐                ‐                ‐ 37.3 1 3            1.0 20.3 4 3          4.0          37.1          56.0          40.0 4 Letang.3 4 3          4.7%/tahun) 6601 6542 6484 6426 6369 6312 6256 6200 6145 6090 6036 5982 TOTAL 7013 PRIVATE 6952 AND 6891 CONFIDENTIAL 6909 6849 6920 7046 6988 6930 6978 6922 6866 6287 33 6939 .1          56.3 20.8 0.)                ‐                ‐                ‐                ‐                ‐ 20 20 60.3 43 25 2.8            1.0          40.3 41.5 3 Gundih  (Pertamina EP)                ‐                ‐                ‐                ‐                ‐                ‐                ‐ 40.6 5 Pondok Makmur Phase‐1 (Pertamina EP)                ‐                ‐                ‐                ‐                ‐ 1.0       240.3 4.3 4.3          41.0 37.3 1.1          56.0 7 South Mahakam (Total E&P Indonesie)           120           120           120           190           190           190           215           215           215 240       240.0 191.

EXPLORATION DRILLING Program g And Realization .2013 PRIVATE AND CONFIDENTIAL .

DEVELOPMENT DRILLING Program g And Realization .2013 PRIVATE AND CONFIDENTIAL .

Drilling.094 wells Realisasi sampai dengan tanggal 25 Januari 2013 55 wells 46.Planning of Survey.178 wells 35 wells 74.274 350 Development Drilling (*) (**) (*) (**) Based on WP&B 2013 Realization as per 25 Januari 2013 PRIVATE AND CONFIDENTIAL .444 587 Berdasarkan Hasil WP&B 2013 Workover 1. And Contribution To Production in 2013 (*) ACTIVITIES WP&B ‐ 2013 Realization (**) Additional Production OIL (BOPD) GAS (MMSCFD) Seismic 2D 18. & Workover Activities.751 km 138 km 138 km ‐ ‐ Seismic 3D 22.298 km2 102 km2 ‐ ‐ Surveyy and Others 7 Activities 2 Activities ‐ ‐ Exploration Drilling 258 wells 5 wells ‐ ‐ 1.

2013 © SKKMIGAS – All righ hts reserved AGENDA 5. Strategic Objectives .

Complete oil facility projects. especially Banyu Urip Cepu field.Prioritize professionalism 3. IDD. 6. Improve coordination with other bodies to discover means of solution to realization disturbance in the upstream oil and gas industry. 2. Formulate a technical and management breakthrough to optimize short term oil and gas production and increase reserves to achieve the future’s production target.Restore the investment climate that was disturbed SKK Migas’ Effort 1. SHORT TERM 4. Adaptation of the organization and HR HR. Improve national capacity in oil and gas industry. 7. MIDDLE TERM 2. especially Masela. Maximize government income according to the approved economic. PRIVATE AND CONFIDENTIAL 38 . Evaluate goods and service procurement.Put forward integrity 2. Objectify PSC Contractor’s effort to increase oil and gas production especially EOR.SKKMIGAS’ OBJECTIVE President Referrals 1. Uphold the Local Content (Tingkat Komponen Dalam Negeri / TKDN) target achievement achievement. Trimming the working method to reduce micro problems. discovery through massive exploration activity. 4. field 5. Tangguh. 3.Remodel 3 Remodel the organization 4. 3. Jangkrik and Donggi-Senoro Jangkrik. Donggi Senoro field. 5. Complete gas facility projects. Objective LONG TERM 1 Increase oil and gas reserve 1.

MIDDLE TERM 2. IDD. Ad t ti f th i ti and HR. Trimming the wotking method to  reduce micro problems. 6.  especially Banyu Urip Cepu field. Complete oil facility projects. and Donggi Senoro field. Accomplish project targets achieved Enhance SKK Migas’ organization capability (enabler) PRIVATE AND CONFIDENTIAL 39 .  Jangkrik. 5.  KPI Reserve Replacement Ratio achieved Reserve Replacement Ratio achieved EOR activity and optimalization of idle area completed Improve national capacity and capability building  (enabler) SHORT TERM 4. Tangguh. Objectify PSC Contractor’s effort  to increase oil and gas production  especially EOR especially EOR. and Donggi‐Senoro Jangkrik.  especially Masela. 7 Adaptation of the organization  7. 3. Improve national capacity in oil  and gas industry.SKKMIGAS’ OBJECTIVE (cont’d) Objective LONG TERM 1. Increase oil and gas reserve  discovery through massive  y g exploration activity. Complete gas facility projects.

AFE. l & geophysics) Completed realization of exploration well drilling WP&B.SKK Migas’ Joint KPI Collective effort of all division to achieve SKK Migas’ KPI Completed realization of surveys ( i i geology (seismic. keamanan dan sosial Oil d G Oil and Gas  Production /  Lifting Minimize production loss due to downtime Mi i i production Minimize d i loss l due to monetization / commercial aspect Government Income achieved consistent to POD Completed Closed Out AFE Pencapaian penghematan dari pengadaan bersama Saving from sharing assets with PSC Contractors achieved Completed operational and maintenance cost control Completed project consistent to budget PRIVATE AND CONFIDENTIAL Government  Income Cost Recovery  Control . & POD approved on time Permits approved on time Completed EOR activities and idle area optimalization Reserve Replaceme nt Ratio achieved Oil and Gas  Reserves Hold Natural  Production Production  Decline Completed realization of d development l t well drilling Completed realization of work over & well service Completed project on time Completed offtaker agreement on time Land provision approved on time Goods and service procurement approved on time Completed assessment of blueprint and ammendment of law and aligned to working program Pelaksanaan planned shutdown sesuai dengan jadwal Minimalisasi kehilangan produksi akibat gangguan fasilitas bawah maupun atas permukaan. transportasi dan penyimpanan minyak dan gas Minimalisasi kehilangan produksi akibat gangguan keselamatan.

39. 40 Jl. 28. 33. 23. 27. 22. 36. 29. 38. Jakarta 12710. 31. Gatot Subroto Kav. 30.SATUAN KERJA KHUSUS PELAKSANA KEGIATAN USAHA HULU MINYAK DAN GAS BUMI (SKK Migas) HEAD OFFICE Wisma Mulia Building Floor LG. 42. INDONESIA PRIVATE AND CONFIDENTIAL PO BOX 4775 Telephone : +62 21 2924 1607 Facsimile : +62 21 2924 9999 . Jend.

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