MINISTRY OF ENERGY AND MINERAL RESOURCES

REPUBLIC OF INDONESIA DIRECTORATE GENERAL OF OIL AND GAS

(Regulation of Minister of Energy and Mineral Resources No. 35/2008)

ANNOUNCEMENT 1st PETROLEUM BIDDING ROUND YEAR 2012

Directorate General of Oil and Gas (MIGAS) releases 19 acreages for tender in the 1st Petroleum Bidding Round Year 2012, and hereby invites interested companies with sufficient financial and technical capabilities to participate in the regular tender and direct proposal tender. Followings are 5 blocks being offered in regular tender mechanism:

1. West Pelikan Block, offshore West Natuna 2. East Sokang Block, offshore East Natuna 3. South Sampang Block, onshore/offshore East Java 4. Offshore South East Mangkalihat Block, offshore East Kalimantan 5. East Aru Block, offshore Maluku Additionally, based on the joint study which has been done between MIGAS and several companies, 14 blocks are being offered in the direct proposal tender mechanism, they are: 1. Bireun Sigli Block, onshore Aceh 2. Bohorok Block, onshore North Sumatera 3. Mahato Block, onshore Riau North Sumatera 4. Bukit Batu Block, onshore Riau 5. South Lirik Block, onshore Riau-Jambi-West Sumatera 6. Bengkulu I-Mentawai Block, offshore Bengkulu 7. Marlin Block, offshore East Natuna 8. Palangkaraya Block, onshore Central Kalimantan 9. Babai Block, onshore Central Kalimantan 10. Telen Block, offshore East Kalimantan 11. East Sepinggan, offshore Makasar Strait 12. Tatihu Block, onshore/ offshore Arafura Sea 13. Aru Block, offshore West Papua 14. Udan Emas Block, onshore West Papua

Interested companies are invited to participate and access Bid Document (one Bid Document correspond to 1 (one) block) issued by MIGAS. Accessing for regular tenders Bid Document shall be made not later than July 25, 2012, whereas accessing for direct proposal tenders Bid Document shall be made not later than May 11, 2012. Interested companies which consider being qualified and capable as required in this tender qualification, and intend to participate in the tender shall submit their Participating Document on July 26, 2012 (for regular tender) and on May 14, 2012 (for direct proposal tender) between: 09:30-14:30 hours to this following address:

Sekretariat Tim Penawaran Wilayah Kerja Minyak dan Gas Bumi/ Ruang Pelayanan Investasi Migas

Direktorat Jenderal Minyak dan Gas Bumi Kementerian Energi dan Sumber Daya Mineral

Gedung Plaza Centris Lantai 1, Jl. H.R. Rasuna Said Kav.B-5,

Jakarta Selatan 12910.

TENDER SCHEDULE A. DIRECT PROPOSAL TENDER Access Bid Document : March 28, 2012 May 11, 2012 Clarification Forum : March 29, 2012 May 11, 2012 Bid Submission : May 14, 2012 B. REGULAR TENDER Access Bid Document : March 28, 2012 July 25, 2012 Clarification Forum : March 29, 2012 July 25, 2012 Bid Submission : July 26, 2012 TERMS & CONDITIONS

Volume Fee2) Oil Gas Oil Gas

1 WEST PELIKAN 2,664.40 PSC 25% 20% 25% 25% 65 60 35 40 Seismic 3D & 1 well

2 EAST SOKANG 6,585.97 PSC 25% 20% 25% 25% 65 60 35 40 Seismic 3D + 1 well in 4th year

3 SOUTH SAMPANG 2,665.11 PSC 25% 20% 25% 25% 60 60 40 40 Seismic 3D + 1 well in 4th year

4 OFFSHORE SE MANGKALIHAT 8,207.49 PSC 30% 20% 25% 25% 65 60 35 40 Seismic 2D + 1 well in 4th year

5 EAST ARU 8,178.21 PSC 30% 20% 25% 25% 65 60 35 40 Seismic 2D + 1 well in 4th year

1 BIREUN SIGLI 4,865.98 PSC 25% 20% 25% 25% 70 65 30 35 Seismic 2D & 1 well

2 BOHOROK 5,021.73 PSC 25% 20% 25% 25% 65 60 35 40 Seismic 2D + 1 well in 4th year

3 MAHATO 5,636.68 PSC 25% 20% 25% 25% 70 60 30 40 Seismic 2D & 1 well

4 BUKIT BATU 1,921.86 PSC 10% 20% 25% 25% 65 60 35 40 Seismic 2D & 1 well

5 SOUTH LIRIK 5,468.50 PSC 25% 20% 25% 25% 70 60 30 40 Seismic 2D & 1 well

6 BENGKULU I - MENTAWAI 8,034.16 PSC 25% 20% 25% 25% 65 60 35 40 Seismic 3D + 1 well in 4th year

7 MARLIN 1,570.79 PSC 10% 20% 25% 25% 80 65 20 35 Seismic 3D & 1 well

8 PALANGKARAYA 7,612.91 PSC 25% 20% 25% 25% 60 60 40 40 Seismic 2D + 1 well in 4th year

9 BABAI 3,672.90 PSC 25% 20% 25% 25% 65 60 35 40 Seismic 2D + 1 well in 4th year

10 TELEN 2,371.13 PSC 25% 20% 25% 25% 65 60 35 40 Seismic 3D & 1 well

11 EAST SEPINGGAN 2,912.90 PSC 25% 20% 25% 25% 65 60 35 40 Seismic 3D & 1 well

12 TATIHU 8,220.87 PSC 30% 20% 25% 25% 65 60 35 40 Seismic 2D + 1 well in 4th year

13 ARU 8,054.45 PSC 30% 20% 25% 25% 65 60 35 40 Seismic 2D + 1 well in 4th year

14 UDAN EMAS 5,396.42 PSC 25% 20% 25% 25% 65 60 35 40 Seismic 2D + 1 well in 4th year

1) FTP 20% is shared

2) DMO Fee after f ive (5) years of production

3) Tax rate 40%

No. AGREEMENT

Ketentuan Pokok Kerja Sama (Term and Condition)

Minimum Firm Commitment & 4th year commitment1st

Relinquishment FTP 1)DMO

Government's share (%) After Tax3)

Contractor's share (%) After Tax3) Minimum

Signature Bonus (US$)BLOCK

SiZE (Km2)

REGULAR BLOCK

1,000,000

1,000,000

1,000,000

1,000,000

DIRECT PROPOSAL BLOCK

1,000,000

1,000,000

1,000,000

1,000,000

1,000,000

1,000,000

1,000,000

1,000,000

1,000,000

1,500,000

KETERANGAN :

1,500,000

2,000,000

1,000,000

1,000,000

1,000,000

BID DOCUMENT ACCESS 1. The Bid Document which correspond to 1 (one) block shall be purchased in the amount

of Five Thousand US Dollars (US$ 5,000). 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).

2. Send an email to biddocument@wkmigas.com confirming your payment, stating amount and block(s) name, and attach the proof of payment.

3. MIGAS will reply your email confirming Bid Document pick up schedule.

DATA ACCESS Bid Participants shall access geological & geophysical data, which will be used for technical evaluation of the exploration work program.

a) Data Package consists of geological & geophysical data and outside which are directly related to the Block. The Data Package is mandatory, it shall be access at:

Pusat Data dan Informasi (PUSDATIN) KESDM Executing Agency MIGAS Data Management (MDM) PT. Patra Nusa Data Graha Elnusa 5th Floor

Jl. TB Simatupang Kav.1B Jakarta 12560 (Ph.62-21-7816770-74 Ext.15, Fax.62-21-7816775)

Data Package : US$ Account Number: 127.00.048.4264.5 Vat : Rp Account Number: 127.00.970.1636.2, Bank Mandiri Graha Elnusa Jl. TB.

Simatupang Kav. 1B Jakarta 12560, Swift Code BMRIIDJA.

b) Auxiliary Data: consists of geological & geophysical data related to areas but not covered on the Data Package. The auxiliary data is optional (not mandatory) it can be accessed from legal sources: 1. PT Patra Nusa Data 2. Speculative Survey Companies 3. PPPTMGB LEMIGAS

Jl. Ciledug Raya Kav.109, Cipulir Kebayoran Lama Jakarta Selatan 12230 contact : Koordinator Kelompok Riset Teknologi Eksplorasi

4. Badan Geologi Jl. Diponegoro 57, Bandung 40122 contact : Sekretaris Badan Geologi

5. Puslitbang Geologi Kelautan Jl.DR. Djunjunan No.236 Pasteur Bandung

10 S

5 S

95 E

0

5 N

95 E 100 E

100 E 105 E

110 E105 E

110 E 115 E

120 E115 E

120 E 130 E125 E

130 E125 E 135 E

1

0

S

140 E135 E

140 E

0

5

N

5

S

0

kilometers

250 500

4

1

3

2

5

14

13

10

11

98

7

12

6

4

5

3

2

1

N

AUSTRALIAAUSTRALIAAUSTRALIAAUSTRALIAAUSTRALIAAUSTRALIAAUSTRALIAAUSTRALIAAUSTRALIA

PHILIPPINESPHILIPPINESPHILIPPINESPHILIPPINESPHILIPPINESPHILIPPINESPHILIPPINESPHILIPPINESPHILIPPINES

MALAYSIAMALAYSIAMALAYSIAMALAYSIAMALAYSIAMALAYSIAMALAYSIAMALAYSIAMALAYSIA

MALAYSIAMALAYSIAMALAYSIAMALAYSIAMALAYSIAMALAYSIAMALAYSIAMALAYSIAMALAYSIA

BRUNEI DARUSSALAMBRUNEI DARUSSALAMBRUNEI DARUSSALAMBRUNEI DARUSSALAMBRUNEI DARUSSALAMBRUNEI DARUSSALAMBRUNEI DARUSSALAMBRUNEI DARUSSALAMBRUNEI DARUSSALAM

THAILANDTHAILANDTHAILANDTHAILANDTHAILANDTHAILANDTHAILANDTHAILANDTHAILAND

PAPUA NEW GUINEA

PAPUA NEW GUINEA

PAPUA NEW GUINEA

PAPUA NEW GUINEA

PAPUA NEW GUINEA

PAPUA NEW GUINEA

PAPUA NEW GUINEA

PAPUA NEW GUINEA

PAPUA NEW GUINEA

P A C I F I C O C E A N

P A C I F I C O C E A N

P A C I F I C O C E A N

P A C I F I C O C E A N

P A C I F I C O C E A N

P A C I F I C O C E A N

P A C I F I C O C E A N

P A C I F I C O C E A N

P A C I F I C O C E A N

I N D O N E S I A

O C E A

N

I N D O N E S I A

O C E A

N

I N D O N E S I A

O C E A

N

I N D O N E S I A

O C E A

N

I N D O N E S I A

O C E A

N

I N D O N E S I A

O C E A

N

I N D O N E S I A

O C E A

N

I N D O N E S I A

O C E A

N

I N D O N E S I A

O C E A

N

TIMOR LESTETIMOR LESTETIMOR LESTETIMOR LESTETIMOR LESTETIMOR LESTETIMOR LESTETIMOR LESTETIMOR LESTE

INDONESIA PETROLEUM BIDDING FIRST ROUND YEAR 2012

F:\2011\Penawaran WK 2012\Tahap I\Indonesia Petroleum Bidding First Round Year 2012_26032012

Regular

DIRECTORATE GENERAL OF OIL AND GASDirectorate Of Upstream Business Development

Direct Proposal

Legend :

Direct Proposal

1. Bireuen Sigli2. Bohorok3. Mahato4. Bukit Batu5. South Lirik6. Bengkulu I - Mentawai7. Marlin

8. Palangkaraya 9. Babai10. Telen11. East Sepinggan12. Tatihu13. Aru14. Udan Emas

Regular

1. West Pelikan2. East Sokang3. South Sampang4. Offshore SE Mangkalihat5. East Aru