Indonesia - North Sumatra Block A update 23 June 2010
Forward looking statements This presentation may contain forward-looking statements and information that both represents management's current expectations or beliefs concerning future events and are subject to known and unknown…
North Sumatra Block A (NSBA) Established hydrocarbon province Existing undeveloped discoveries Under-explored Rehabilitation opportunities Medco 41.67% (op.) Premier 41.67% Japex 16.66% June 2010 Page 2
Summary PSC Extension Significant progress made in securing Aceh local government approval, expect Central Government approval in Q3 Gas Development Alur Siwah / Alur Rambong / Julu Rayeu Facilities EPCI documents prepared for tender,…
PSC extension MOA with Aceh Under the Autonomy agreement between Central Government and Aceh, the Regional Government needs to approve any PSC award or extension in Aceh MOA between Aceh Governor and Medco signed 5th April 1% of…
Gas development gas sales Pupuk Iskandar Muda (PIM) Fertilizer production 2 x Fertilizer plants each requiring c 55 BBtu/d of gas GSA signed in December 2007 223 Tbtu reserves at 110 BBtu/d (PIM obliged to take excess TCQ) 6.50…
Gas development overview Field Development Alur Siwah 10-12 wells Alur Rambong 2 wells Julu Rayeu 6 wells (fuel gas) Central Process Facility (CPF) with condensate separation, plus H2S and CO2 removal 140 MMscf/d export to: PIM…
Gas development status Land Acquisition Good progress made - acquisition survey complete, land largely in plantation areas simplifying purchase process Options for CPP location. Permits requested Expect to be granted when Aceh…
Contingent resources oil fields Work-over of 6 wells (5 producers & 1 water injector) successfully completed Wire-line logs run in two wells movable oil interpreted, Tu-33 tested at 25 bopd Demonstrated: Wells can be worked over…
Contingent resource Kuala Langsa gas field Top Peutu Fm. Giant Gas Field Discovered in 1992 Depth C.I.=50 metres c.10 Tcf of Gas in Place the one well drilled to date recovered around 80% CO2 2500m in the gas test. Screening…
Exploration Under-explored area last exploration well in 1978 Deep Gas Potential backfill PIM Gas Sale from Alur Siwah Matang-1 - proposed for 2011 Potential 2012 wells Peudawa Rayeu Terumbu Peutouw Kuala Langsa All the above…
Exploration Matang prospect NSBA PSC: Top N4 Matang-1 - Proposed for 2011 Carbonate Depth Blue areas interpreted as reef build-ups Reservoir Peutu Carbonates (Alur Siwah, Arun) target reefs 818 Gas proven by Pergidatit-1 Main…
North Sumatra Block A (NSBA) Established hydrocarbon province Existing undeveloped discoveries Under-explored Rehabilitation opportunities Medco 41.67% (op.) Premier 41.67% Japex 16.66% June 2010 Page 12
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