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)View entire presentation