Table: Investment commitment of exploration block winners

Friday, March 18 2011 - 08:26 AM WIB

No Block Contractor(s) Commitment in three years
? Commitment Budget (US$ million )
1 GURITA NATUNA VENTURES B.V
? ? ? Signature Bonus 1.5
G & G Study 0.5
Seismic survey 2D (km)
Seismic survey 3D (km2) 400 4.6
Total 5.1
?
2 MARQUISA PT SCHINTAR Signature Bonus 1.1
? ? ? G & G Study ? 0.5
Exploration Well 1 3.0
Seismic survey 2D (km) 200 2.0
Seismic survey 3D (km2) ? ?
Total ? 5.5
?
3 SOUTH BETUNG TECHWIN ENERGY LTD Signature Bonus ? 1.0
? ? ? G & G Study ? 0.6
Exploration Well 1 3.5
Seismic survey 2D (km) 200 2.0
Seismic survey 3D (km2) ? ?
Total ? 6.1
4 SUMBAGSEL COOPER ENERGY LTD Signature Bonus 1.0
G & G Study 0.3
Exploration Well 1 2.1
Seismic survey 2D (km) 1,000 3.5
Seismic survey 3D (km2)
Total 5.9
5 SEMBILANG PT MANDIRI PANCA USAHA Signature Bonus 1.1
G & G Study 0.7
Re-activation wells 4 2.6
Surface Facility Study 0.2
Detail Design Surface Facility 0.3
Total 3.8

No. Block Contractor (s) Commitment Activities

Budget (US$ million )

1. GMB KAPUAS I BLOCK (C. Kalimantan) Consortium PT TranAsia  Resources - BP Exploration Indonesia Ltd. G & G Study   0.6
      Core hole 3 3.0
      Exploration Well 1 1.25
      Total 4.85
      Bonus
      Signature Bonus   1.1
      Equipment & Service   0.1
      Production Bonus
      - 250 BCF   0.5
      - 500 BCF   0.75
      - 1000 BCF   1.0
 
2. GMB KAPUAS II BLOCK (C. Kalimantan) Consortium PT Tran Asia  Resources - BP Exploration Indonesia Ltd. G & G Study   0.6
      Core hole 3 3.0
      Exploration Well 1 1.25
      Total 4.85
      Bonus
      Signature Bonus   1.1
      Equipment & Service   0.1
      Production Bonus    
      - 250 BCF   0.5
      - 500 BCF   0.75
      - 1000 BCF   1.0
 
3. GMB KAPUAS III BLOCK (C. Kalimantan) Consortium PT Tran Asia  Resources - BP Exploration Indonesia Ltd. G & G Study   0.6
      Core hole 2 2.0
      Exploration Well 1 1.25
      Total 3.85
      Bonus
      Signature Bonus   1.1
      Equipment & Service   0.1
      Production Bonus
      - 250 BCF   0.5
      - 500 BCF   0.75
      - 1000 BCF   1.0
 
4. GMB KUTAI TIMUR BLOCK (E. KALIMANTAN) Consortium Senyiur CBM Inc. - Total E&P Kutai Timur G & G Study   0.3
      Core hole 2 1.4
      Exploration Well 2 2.6
      Total 4.3
      Bonus
      Signature Bonus   2.0
      Equipment & Service   0.025
      Production Bonus
      - 250 BCF   0.5
      - 500 BCF   0.75
      - 1000 BCF   1.0
 
5. GMB KUTAI BARAT BLOCK (E. KALIMANTAN) PT. SUGICO GRAHA G & G Study   0.6
      Core hole 3 2.25
      Exploration Well 3 3.9
      Total 6.75
      Bonus
      Signature Bonus   2.0
      Equipment & Service   0.1
      Production Bonus
      - 250 BCF   0.5
      - 500 BCF   0.75
      - 1000 BCF   1.0
 
6. GMB SIJUNJUNG BLOCK (W. Sumatra) Consortium PT. Lion Global Energi - PT Bukit Asam (Persero) Tbk. G & G Study   0.6
      Core hole 2 1.4
      Exploration Well 2 3.0
      Total 5.0
      Bonus
      Signature Bonus   1.0
      Equipment & Service   0.1
      Production Bonus
      - 250 BCF   0.5
      - 500 BCF   0.75
      - 1000 BCF   1.0

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