Plenitude: A Journey of Growth
28
FOCUS ON INDONESIA
A NEW PRODUCTION HUB IN THE KUTEI BASIN
Bangka
Bontang
Indonesia
LNG Bontang
NORTHERN
AREA
West Seno
Santan
PERI MAHAKAM
Samarinda
GMB SANGA-SANGA
ORF Handil
MUARA BAKAU
Ranggas
Gehem-
NORTH GANAL
Geng North'
Gula
NORTH GANAL
NORTH GANAL
Jangkrik NE
ARABARAU
Gendalo
Jangkrik Maha
ANAL
Gandang
Balikpapan
PERI MAHAKAM
Jangkrik FPU
PERI MAHAKAM
Merakes E
EAST
SAN
Merakes
EAST SEPINGGAN
WEST GANAL
EAST SEPINGGAN
EAST GANAL
FROM SIZEABLE PLAYS...
We have been in the country since 2001
Equity production is around 80 kboed
Discovered
resources
Northern area
10 Tcf*
Southern area
3.5 Tcf*
GENG ALIGNS TO OUR DISTINCTIVE
STRATEGY
FOCUSING ON GAS
Exploration
upside
multi Tcf
REINFORCING EQUITY POSITION ALONG LNG
VALUE CHAIN IN A KEY MARKET
a few Tcf
OPTIMISING NEARBY INFRASTRUCTURE
AVAILABILITY
*gas initially in place
EXPLORATION AT SCALE SUPPORTS OUR DUAL
...TOWARDS GROWING A WORLDCLASS GAS HUB X MODEL & FAST-TRACK DEVELOPMENTS
June 2023
Acquisition of Neptune Energy
EAST GANAL
July 2023
Purchase of Chevron's assets
SOUTHERN
AREA
0 12.5 25
50
I km
October 2023
Geng north giant Gas discovery
Strengthening Southern area hub
Fast tracking a new Northern area hub
Further exploration upside potential
In both areas
LEADING VALUE IN EXPLORATION
Share of reserves & economically viable*
80%
60%
40%
20%
0%
lulu
Eni
N
M
+
5
७
(1)
@
a
a
a
*cumulative 2013-2022
Source: Wood Mackenzie (July 23)View entire presentation