Slide 1: FY2019 Production & Financial Results
FY2019 Production & Financial Results Apr 2020
Slide 2: emp in Brief
* emp is an upstream oil and gas company established in 2001 * emp was listed on the Jakarta Stock Exchange in 2004 * emp currently operates 8 oil, gas, and CBM working areas spreading across Sumatra, Java, Kalimantan and Mozambique (Africa) EMP IN BRIEF emp has proven and probable (2P) reserves of
Slide 3: Board of Commissioners
emp SUYITNO PATMOSUKISMO President Commissioner More than 50 years experience in oil and gas sector, including Pertamina and has served as the Director General of Oil and Gas & the Governor of OPEC. Received Bintang Mahaputera Utama from the President of the Republic of Indonesia in 1999. SYAMSU ALA
Slide 4: Board of Directors
IMAM P. AGUSTINO President Director Over 23 years of experience in engineering, project management and business development in local and international companies including Trafalgar House UK (Kvaerner) and Energy Services. AMIR BALFAS Director More than 34 years of experience in the upstream oil & ga
Slide 5: Working interest, operator and partner
• • Working interest: 75% Operator: EMP Partner: ENH (25%) Source: Company information Notes: • Reserves and production are indicated on a net working interest basis • bcf: billion cubic feet, mmbbl: million barrels, bbl/day: barrel/day, mmscf/day: million cubic feet/day • Sengkang PSC is 49% owned
Slide 6: Reserves data do not include Buzi EPCC & Sengkang PSC
• • – • – • • Reserves data do not include Buzi EPCC & Sengkang PSC |5
Slide 7: Reserves data do not include Sengkang PSC
200 2.5 150 2 100 1.5 50 0 1 30 25 20 15 10 5 0 • Reserves data do not include Sengkang PSC |6
Slide 8: Reserves data do not include Sengkang PSC
30 20 10 0 • Reserves data do not include Sengkang PSC |7
Slide 9: Bentu PSC
emp BENTU PSC (Pelalawan & Kampar District, Pekanbaru, Riau Province) fennesee * Production sharing contract is ™ A good until 2041 aN é ° Working Interest: 100% KorinciGaru PSC West Baru Field J \ * FY2019 Production 2019: 61.88 mmcfd Baru Field = Reserves tan i) fey : ial mnocess at 1P 2 91.97 = S
Slide 10: Bentu Production Facilities
BENTU PRODUCTION FACILITIES |9
Slide 11: Malacca Strait PSC
MALACCA STRAIT PSC (Kep. Meranti & Siak District, Riau Province) es ataysia * Gross Split contract is good until 2040 °* Working Interest: 60.49% ° FY2019 Production 2019: 2,131 barrels oil per day & LecENo 3.68 mmcfd Oil Gas Reserves (mmbbl) (bef) =e 1P 7.67 1.08 2P 10.33 1.28 3P 13.0 1.47 INDEX MA
Slide 12: Malacca Strait Project Update
MALACCA STRAIT PROJECT UPDATE WELL SERVICES ACTIVITIES |11
Slide 13: Kangean PSC
KANGEAN PSC (Sumenep District, Madura, East Java Province) poane North Pagerungan Field 5 ht) Rancak Field Ngimbang Field Poh rece Po) 7 ra) West Kangean Field ae Psi asun Batur Hed rs oe bs a Zi 5 tags) WB catan (a) Kangean PSC Sepanjang Island Field (se) LEGEND mm BLOCK mm OIL FIELD mm GAS FIELD M
Slide 14: Kangean Production Facilities
KANGEAN PRODUCTION FACILITIES DEVELOPMENT DRILLING - PHASE 2 (TSB FIELD) PAGERUNGAN GAS FACILITES FPU JOKO TOLE |13
Slide 15: Tonga PSC
emp TONGA PSC (Padang Lawas District, North Sumatera Province) LEGEND ° Production Sharing contract is good until year 2037 °* Working Interest: 94.29% ° Fy 2019 Production: 195 bopd ioe Reserves ol Ces (mmbbl) (bcf) 1P 0.45 S 2P 1.92 - 3P 6.09 = INDEX MAP. - Plan to drill 2 exploration wells in Sou
Slide 16: Tonga Production Facilities
TONGA PRODUCTION FACILITIES TONGA 1 & 3 WELLS PRODUCTION ACTIVITY SHE ACTIVITY |15
Slide 17: Gebang PSC
emp GEBANG PSC (Langkat District, North Sumatera Province) ° Production sharing contract is good until year 2035 ° Working Interest: 100% Oil Gas co Reserves (mmbbl) (bef Se 1P = 19.7 Soi : 2P - 39.5 [5 PROPOSED GAS PIPELINE preinarcg 3P - 160 1C - 0.77 2c - 7.75 Ioex mae 3c . 8.97 - Start 3D seismi
Slide 18: Gebang Project Facilities
GEBANG PROJECT FACILITIES PRODUCTION FACILITY |17
Slide 19: Sangatta II CBM PSC
emp SANGATTA II CBM PSC (East Kutai District, East Kalimantan Province) ° Production sharing contract is good until year 2039 * Working Interest: 42% ° Prospective Resources (P-50): 9.65 tcf LEGEND mm s10ck mm COAL FIELD (@ COAL PROCESSING PLANT SiNG FaciurTy 2 COAL TERMINAL — OVERLAND CONVEVER =~ P
Slide 20: Sangatta II Project Update
SANGATTA II PROJECT UPDATE |19
Slide 21: Buzi EPCC (Mozambique)
emp BUZI EPCC (MOZAMBIQUE) Mozambique N ° Working Ineterest: 75% A Oil Gas Reserves (mmbbl) (bef) 1P - 29 Mozambique Channel 2P . 212 3P - 778 - On-progress in drilling 2 appraisal wells inQ1 2020 |20
Slide 22: Drilling Progress - Buzi EPCC
emp BUZI EPCC (MOZAMBIQUE) |24
Slide 23: Business Unit PROPER
… • • – PROPER BUSINESS UNIT 20181 • – – Beyond compliance companies that achieve zero emissions Beyond compliance companies • Have achieved compliance level Managed environment impact but below requirements • Have not managed environment impact at significant level – – |22
Slide 24: Zero Accident Award
emp ZERO ACCIDENT AWARD + EMP Bentu Limited received the Patra Nirbhaya Karya Utama award for the category of zero accidents from February 17, 2004 to April 30, 2019 * PT. Visi Multi Artha received the Patra Nirbhaya Karya Pratama award for the category of zero accidents from May 4, 2009 to April 30
Slide 25: Source: Company information as per 30 Desember 2019.
… … • • • … • ̶ ̶ • ̶ ̶ ‐ • ̶ ̶ Source: Company information as per 30 Desember 2019. |24
Slide 26: |25
400 150 300 100 200 100 50 0 0 8 6 4 2 0 25 |25