Delivering Value From Our Assets slide image

Delivering Value From Our Assets

FOCUS ON INDONESIA A NEW PRODUCTION HUB IN THE KUTEI BASIN Bangka Bontang Indonesia LNG Bontang NORTHERN AREA West Seno Santan resources PERI MAHAKAM NORTHERN AREA 10 Tcf* Ranggas Gehem- SOUTHERN AREA 3.5 Tcf * a few Tcf "gas initially in place NORTH GANAL Samarinda Geng North' ...TOWARDS GROWING A WORLDCLASS GAS HUB FROM SIZEABLE PLAYS... WE HAVE BEEN IN THE COUNTRY SINCE 2001 EQUITY PRODUCTION IS AROUND 80 KBOED Discovered Exploration Upside multi Tcf GENG ALIGNS TO OUR DISTINCTIVE STRATEGY FOCUSING ON GAS REINFORCING EQUITY POSITION ALONG LNG VALUE CHAIN IN A KEY MARKET OPTIMISING NEARBY INFRASTRUCTURE AVAILABILITY EXPLORATION AT SCALE SUPPORTS OUR DUAL EXPLORATION MODEL AND FAST- TRACK DEVELOPMENTS Gula www GMB SANGA-SANGA GANAL MUARA BAKAU JUNE 2023 NORTH GANAL ACQUISITION OF NEPTUNE ENERGY LEADING VALUE IN EXPLORATION ORF Handil Balikpapan PERI MAHAKAM Gandang NORTH GANAL Jangkrik NE MARA BARAU Gendalo Jangkrik Maha Jangkrik FPU EAST GANAL JULY 2023 EAST GANAL PERI MAHAKAM Merakes E EAST SE SAN Merakes EAST SEPINGGAN WEST CANAL EAST SEPINGGAN SOUTHERN AREA 0 12.5 25 50 I km PURCHASE OF CHEVRON'S ASSETS OCTOBER 2023 GENG NORTHI GIANT GAS DISCOVERY STRENGTHENING SOUTHERN AREA HUB FAST TRACKING A NEW NORTHERN AREA HUB FURTHER EXPLORATION UPSIDE POTENTIAL IN BOTH AREAS Share of reserves & economically viable* 80% 60% 40% 20% 0% 90 M + 5 60 Eni D *cumulative 2013-2022 LO 5 Source: Wood Mackenzie (July 23)
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