offering of 8 working areas

4 Direct Proposal

4 Regular Tender

OFFERING OF 8 WORKING AREAS2nd Round 2021

West Palmerah (566.3 Km2) Onshore Sumatera Selatan & Jambi

Bertak Pijar Puyuh (266.99 Km2) Onshore Sumatera Selatan

North Ketapang (3,121.4 Km2) Onshore & Offshore Jawa Timur

Agung I (6,656.73 Km2) Offshore Bali & Jawa Timur

Agung II (7,969.84 Km2) Offshore Sulawesi Selatan, Nusa Tenggara Barat & Jawa Timur

Paus (8,214 Km2) Offshore Natuna Maratua II (5,333.33 Km2)

Onshore & Offshore Kalimantan Utara

Karaeng (6,845.36 Km2) Onshore & Offshore Sulawesi Selatan

TERMS AND CONDITIONSfavorable T&C to your investment

▪ Source rock: Lemat and Talang Akar Fm▪ Reservoir: from the basement through Gumai

Formation & Baturaja Carbonate▪ Traps: structure (anticline & fault)▪ Plays: Pre-Tertiary Basement, Lower Talang Akar Fm

(and Lemat/Lahat Fm), Baturaja Fm, Gumai Fm, Air Benakat Fm

▪ Estimated recoverable reserves: 1.37 MMSTB

▪ Oil & gas fields within: Bertak, Pijar, Puyuh

TERMS & CONDITIONS

Area 266.99 Km2

Minimum Firm Commitment

Workover 5 wells

Signature Bonus open bid

Contract Type Cost Recovery PSC

Sharing Split (%) 75:25 (Oil), 70:30 (Gas)

BERTAK PIJAR PUYUH – Exploitation Block

▪ Source Rock: Ngimbang Sequences & KujungSequences

▪ Reservoir: sandstones & limestone of the NgimbangFm, Kujung III & II, carbonate Build-ups of Kujung I and basement fractured

▪ Traps: Structure and stratigraphic▪ Plays: Carbonate Play Kujung Fm and Ngimbang Fm▪ Estimated recoverable resources: 270.08 MMBO and

1,580.81 BCF▪ Surrounding oil & gas fields: Ketapang, Bukit Tua,

Jenggolo, Poleng, Sidayu, WMO, dan Camar

TERMS & CONDITIONS

Area 3,121.4 Km2


G&G, 3D Seismic 300 Km2




N

NORTH KETAPANG

AGUNG I ▪ Source Rock: Eocene non-marine Ngimbang-shale Fm▪ Reservoir: Palaeocene sequence shale intercalated with

sandstone, coal, and siltstone▪ Traps: structural (Masalima Through, Central High Sepanjang

Ridge, Southern basin graben system, and Southern thrustcomplex of Bali-Lombok Through)

▪ Plays: Eocene synrift, Eocene Postrift, Oligocene Carbonate,Oligocene Debris Carbonate, Miocene Carbonate, dan PlioceneSandstone

▪ Estimated recoverable resources: 985 BCF

▪ Surrounding oil & gas fields : Pagerungan, Terang, Sirasun, Batur

TERMS & CONDITIONS

Area 6,656.73 Km2


G&G, 2D Seismic 2,000 Km




AGUNG II

TERMS & CONDITIONS

Area 7,969.84 Km2






▪ Source rock: Eocene non-marine Ngimbang-shale Fm▪ Reservoir: Palaeocene sequence shale intercalated with

sandstone, coal, and siltstone▪ Traps: structural (Masalima Through, Central High Sepanjang

Ridge, Southern basin graben system, and Southern thrustcomplex of Bali-Lombok Through)

▪ Plays: Eocene synrift, Eocene Postrift, Oligocene Carbonate,Oligocene Debris Carbonate, Miocene Carbonate, dan PlioceneSandstone

▪ Estimated recoverable resources: 16.5 TCF

▪ Nearest oil & gas fields: Pagerungan

TERMS & CONDITIONS

Area 566.3 Km2


G&G and 2D Seismic 200 Km


Contract Type flexible

Sharing Split (%) for Cost Recovery PSC

70:30 (Oil), 60:40 (Gas)

Base Split (%) for Gross Split PSC

57:43 (Oil), 52:48 (Gas)(will be adjusted at POD)

▪ Source rock: Talang Akar & Gumai Fm▪ Reservoir: Talang Akar Sandstone, Baturaja Carbonate, Air

Benakat Sandstone Formations & Basement Fractured ▪ Traps: Structure (anticline), stratigraphic (Basement drape

and fractured)▪ Plays: Fracture Basement, Lower Talangakar, Baturaja

Carbonate, and Air Benakat▪ Estimated recoverable resources: 71.7 MMBO and 270.9

BCF▪ Surrounding oil & gas fields: Petapahan, Kotabatak, Baru,

Bentu, Segat and Binio

WEST PALMERAH

PAUS

TERMS & CONDITIONS

Area 8,214 Km2


G&G, 3D Seismic 200 Km2 and 1 well




70:30 (Oil), 60:40 (Gas)



▪ Source Rock: lower Arang and upper Gabus Fm▪ Reservoir: Terumbu carbonates, sandstones

within the Muda Fm▪ Traps: structural and stratigraphic▪ Plays: structural and stratigraphic play Pliocene

Shallow Marine

▪ Estimated recoverable resources: 2,555.78 BCF

MARATUA II

TERMS & CONDITIONS

Area 5,333.33 Km2






60:40 (Oil), 55:45 (Gas)



▪ Source Rock: Naintupo, Tabul, Santul and Tarakan Fm▪ Reservoir: Birang, Tabul, Santul and Tarakan Fm▪ Traps: Structural (four-way dip closure) and stratigraphic▪ Plays: structural Tarakan sandstone and stratigraphic Santul,

Tabul and Meliat sandstone

▪ Estimated recoverable resources: 107.06 MMBO or 556.77 BCF

▪ Surrounding oil & gas production area: Simenggaris, Tarakan (Bunyu Area), and Nunukan

KARAENG

TERMS & CONDITIONS

Area 6,845.36 Km2


G&G, 2D Seismic 200 Km




55:45 (Oil), 50:50 (Gas)



▪ Source Rock: Carbonaceous Shales of the EoceneMalawa/Toraja Fm

▪ Reservoir: Eocene classics (Malawa Fm), Eocene – LowerMiocene carbonates (Tonasa Eq)

▪ Traps: Structural (anticlinal traps with four-way and three-waydip closures) and stratigraphic

▪ Plays: Eocene Malawa sandstones and L. Miocene Tonasacarbonates

▪ Estimated recoverable resources: 64.2 MMBO or 182.08 BCF

TENDER SCHEDULE• Accessing Bid Document and bid submission through https://esdm.go.id/wkmigas• Accessing data through MDR (Migas Data Repository) membership or free of charge of bidding Data

Package

DIRECT PROPOSAL

TENDER

REGULARTENDER

Bid Document access : 29 November 2021 - 11 January 2022Bid Submission : 11 - 12 January 2022

Bid Document access : 29 November 2021 - 24 Mach 2022Bid Submission : 24 - 25 March 2022

Working areas: BERTAK PIJAR PUYUH, NORTH KETAPANG, AGUNG I, AGUNG II

Working areas: WEST PALMERAH, PAUS, MARATUA II, KARAENG

https://esdm.go.id/wkmigas

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offering of 8 working areas

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