1. INDONESIA PETROLEUM BIDDING ROUND 2008
DEPARTMENT OF ENERGY AND MINERAL RESOURCES
REPUBLIC OF INDONESIA
INDONESIA PETROLEUM BIDDING ROUND 2008
Presented at AAPG 2008 San Antonio, TX

3. BIDDING ROUND 2001 – 2006/2007
2 awarding mechanism: Regular Tender and Direct Proposal or Joint Study
Since 2003, Direct Proposal/ Joint Study contributes increasing number of area awarded for contract signing
> 180 Joint Study proposal were submitted and 42 have been approved
Plans for remaining Unsold Blocks: re- evaluated, Re-tendered, adding new data, open for Direct Proposal
AWARDED 78
68 %
TOTAL BLOCKS RELEASED ( ): 115 BLOCKS

4. MAJOR COMPANIES CONDUCTING JOINT STUDY
CONOCOPHILLIPS
CHEVRON
EXXON
LUNDIN
HESS
TALISMAN
HUSKY
MARATHON
MURPHY
CNOOC
BLACKGOLD CONSORTIUM
etc
AREA OF INTEREST FOR JOINT STUDY
Exploration trend is now toward to Eastern Indonesia region
Work commitment in Joint Study : seismic data acquisition, seismic reprocessing
G&G study and field work

5. TENDER PROCESS REGULAR TENDER DIRECT PROPOSAL INVESTOR’S PROPOSAL 5
PREPARATION AND DESIGNING OF WORKING AREA
EVALUATION OF REGIONAL GEOLOGY DATA
DATA OF SPECULATIVE SURVEY
MARKET DEMAND
NEW DISCOVERY
DATA EVALUATION AND INTERPRETATION
WORKING AREAS DETERMINED
DESIGNING BLOCKS :
BOUNDARIES OF WORKING AREA
TERM & CONDT. OF COOPERATION CONTRACT
BID DOCUMENTS
ANNOUNCEMENT / TENDER
120 days : Regular Tender
45 days : Direct Proposal
INVESTOR’S PROPOSAL
EVALUATION BY COMMITTEE
JOINT STUDY
(MIGAS + INVESTOR)
EVALUATION OF THE RESULT OF JOINT STUDY
THE RESULT OF TECHNICAL AND ECONOMIC EVALUATION
SUBMISSION OF THE PARTICIPATING DOCUMENTS
TENDER EVALUATION BY COMMITTEE
DETERMINATION OF THE WINNING BIDDER
CONTRACT SIGNING
REGULAR TENDER
DIRECT PROPOSAL
TENDER PROCESS 5

6. 1st ROUND : DIRECT PROPOSAL TENDER EST. MAY 2008
- New Data acquired by
TGS, FUGRO, PGS, VERITAS
1st ROUND : DIRECT PROPOSAL TENDER
EST. MAY 2008
2nd ROUND : REGULAR TENDER
EST. OCTOBER 2008

7. Conditions for Participating in Tender
Each company participating in Tender, whether participating as an individual company or as a group of companies, is required to register by obtaining an official Bid Document or Direct Proposal Document and Data Package issued by MIGAS.
Terms of the contract agreement : Production Sharing Contract

8. Bone Basin
100 km
Bone Bay is located in Indonesia between South Sulawesi and South East Sulawesi
The basin covers an area of approximately 100,000sq km
28,910sq km multibeam and 4,687 km seismic

9. North Makassar Basin
North Makassar Basin is located in Indonesia in the Makassar Straits between the islands of Borneo and Sulawesi
The study area was divided into a northern and southern area, comprising approx. 26,000 sq km.
26,139 sq km multibeam, 111 drop cores and petroleum geochemical analysis

10. THANK YOU DIRECTORATE OF UPSTREAM BUSINESS DEVELOPMENT
ACREAGE MANAGEMENT DIVISION
EXT 132,135 & 137