ANNOUNCEMENT CBM & PETROLEUM BIDDING ROUND

DIRECT PROPOSAL YEAR 2011

MINISTRY OF ENERGY AND MINERAL RESOURCES REPUBLIC OF INDONESIA

DIRECTORATE GENERAL OF OIL AND GAS

CBM BIDDING ROUND DIRECT PROPOSALYEAR 2011

LEGEND :

GMB BANGKANAI I BLOCK

GMB BANGKANAI I BLOCK (CENTRAL & EAST KALIMANTAN)

SIZE : 1,082 SQ KM

WEST SUMATERA

LEGEND :

GMB BANGKANAI II BLOCK

GMB BANGKANAI II BLOCK (CENTRAL KALIMANTAN)

SIZE : 1,022 SQ KM

LEGEND :

GMB BANGKANAI III BLOCK

GMB BANGKANAI III BLOCK (CENTRAL & EAST KALIMANTAN)

SIZE : 962.2 SQ KM

East Kalimantan

LEGEND :

GMB BANGKANAI IV BLOCK

GMB BANGKANAI IV BLOCK (CENTRAL KALIMANTAN)

SIZE : 1,430 SQ KM

Central Kalimantan

South Kalimantan

LEGEND :

GMB KUALA KAPUAS I BLOCK

GMB KUALA KAPUAS I BLOCK (CENTRAL KALIMANTAN)

SIZE : 1,500 SQ KM

Central Kalimantan

South Kalimantan

LEGEND :

GMB KUALA KAPUAS II BLOCK

GMB KUALA KAPUAS II BLOCK (CENTRAL KALIMANTAN)

SIZE : 1,500 SQ KM

LEGEND :

GMB TANAH LAUT BLOCK

GMB TANAH LAUT BLOCK (SOUTH KALIMANTAN)

SIZE : 1,047 SQ KM

LEGEND :

GMB WEST SANGA – SANGA I BLOCK

GMB WEST SANGA-SANGA I BLOCK (EAST KALIMANTAN)SIZE : 1,634 SQ KM

No

WORKING AREA

Contract Model

TERMS AND CONDITIONS

Minimum CommitmentBlocks Size(Km 2)

RelinquishmentDMO\ (%)

FTP*(%)

Gov. Split(%)

After Tax

Contractor Split (%)After Tax

Cost Recovery

Minimum Signature Bonuss

(US$)

First3 Year

(%)

Remaining Area

6 Year*(%)

1. GMB Bangkanai I 1.082 PSC 10 80 25 10 55 45 100% 1,000,000

G&G Study, 2 Corehole, 2 Exploration Well + Production Test

2. GMB Bangkanai II 1.022 PSC 10 80 25 10 55 45 100% 1,000,000

G&G Study, 2 Corehole, 2 Exploration Well + Production Test

3. GMB Bangkanai III 962 PSC 10 80 25 10 55 45 100%

1,000,000 G&G Study, 2 Corehole, 2 Exploration Well + Production Test

4. GMB Bangkanai IV 1.430 PSC 15 70 25 10 55 45 100% 1,000,000

G&G Study, 2 Corehole, 2 Exploration Well + Production Test

5. GMB Kuala Kapuas I 1.500 PSC 15 70 25 10 55 45 100% 1,000,000

G&G Study, 2 Corehole, 1 Exploration Well + Production Test

6. GMB Kuala Kapuas II 1.500 PSC 15 70 25 10 55 45 100% 1,000,000

G&G Study, 2 Corehole, 1 Exploration Well + Production Test

7. GMB TanahLaut 1.046 PSC 10 80 25 10 55 45 100% 1,500,000

G&G Study, 2 Corehole, 2 Exploration Well + Production Test

8. GMB West Sanga-Sanga I 1.634 PSC 20 60 25 10 55 45 100% 1,000,000

G&G Study, 2 Corehole, 1 Exploration Well + Production Test

Information :* FTP 10% for Government and undivided w ith Contractor

TERMS AND CONDITIONS OF CBM DIRECT PROPOSAL TENDER YEAR 2011

PETROLEUM BIDDING SECOND ROUND YEAR 2011

NO BLOCK SIZE LOCATON BASIN

1 KUALA PEMBUANG 7,946.19 ONSHORE PEMBUANG

KUALA PEMBUANG BLOCK

Information :1) FTP 20% share for the Government and the Contractor based on the amount of split2) DMO Fee after 5 (f ive) years of production by 25% of export price3) For the above calculation results based on the tax by 40%. Realization of Profit Sharing Amount under the provisions of the applicable tax regulations

TERMS AND CONDITIONS OF PETROLEUMDIRECT PROPOSAL BIDDING SECOND ROUND YEAR 2011

No.

Working Area

Contract Model

Term and Condition

MINIMUM COMMITMENT

Relinquishment First

3 YearFTP1)

DMO

Gov. Split (%)

After Tax3)

Contractor Split (%)

After Tax3) Minimum Bonus (US$)

Block Size (Km2)

Volume Fee2) Oil Gas Oil Gas

1 KUALA PAMBUANG 7.946,19 PSC 30% 20 25% 25% 60 60 40 40 1.000.000 SEISMIC

CBM & PETROLEUMBIDDING ROUND SCHEDULE

DIRECT PROPOSAL TENDER

• ACCESS BID DOCUMENT : SEPTEMBER 12, 2011 - OCTOBER 26, 2011

• CLARIFICATION FORUM : OCTOBER 17, 2011 – OCTOBER 25, 2011

• SUBMIT PARTICIPATING DOCUMENT : OCTOBER 27, 2011, TIME 09.30 AM – 02.30 PM

CONDITIONS FOR PARTICIPATING IN TENDER

• Bid Document Fee is US$ 5,000 (one Bid Document coresspond to one block)• Payment shall be made to the account of "Kegiatan Pelaksanaan Pengelolaan

(KPP) Wilayah Kerja Minyak dan Gas Bumi number 122.00.0110899-5, Bank Mandiri Cabang Jakarta Kebon Melati”, SWIFT CODE: BMRIIDJA

• Data Package Fee for each block may vary based on data quantity for each block

• Data other than Data Package may be accessed from Speculative Survey Company.

THANK YOU

FURTHER INFORMATION, PLEASE CONTACT :

DIREKTORAT JENDERAL MINYAK DAN GAS BUMIDIREKTORAT PEMBINAAN USAHA HULU MINYAK DAN GAS BUMI

PLAZA CENTRIS BUILDING, 7TH FLOORJL. HR. RASUNA SAID KAV. B-5, JAKARTA 12929, INDONESIA

PHONE: 62-21- 5268910 PESAWAT : 139, 145, 169FACSIMILE : 62-21-5269151

http : www.migas.esdm.go.id