Plenitude: A Journey of Growth slide image

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)
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