Project Type DEVELOPMENT

Well Class DEVELOPMENT

Additional Well Info
Operator TAC PERTALAHAN ARNEBATARA NATUNA
Contract Area BLOK B
Field/Structure UDANG
Basin UDANG
Contract Area Number
Platform/Tripod CPP UDANG-A

Well Name UDANG A5ST (ST-1)

Well Type DIRECTIONAL - SLANT

Scope of work Drill and Complete (Frac Pack)

AFE Number
AFE Date 6-Feb-17

Location NATUNA SEA

Water Depth FT 294
Elevation FT 134.30
Surf Loc. Longitude
Surf Loc. Latitude
SubSurf Loc. Longitude
SubSurf Loc. Latitude
Contractor PT. LINS
Rig Name Jack Up Rig

Program
Est Spud Date 1-Apr-11
Est Compl Date 1-May-11
Place/Service
Drilling Days 23.0
Completion 7.0
Rig Days 30.0
Total Depth 9,000

Drilling Cost 9,736,000

Compl Cost 3,105,000
Total Cost 12,841,000

Cost per foot 1,426.8

Total Cost per day 428,033

TOTAL PROJECT
Drilling Days 23.0
Compl Days 7.0
Rig Days 30.0
Total Footage ( ft ) 9,000

Drilling Cost US$ 9,736,000

Compl Cost US$ 3,105,000
Total Cost US$ 12,841,000

Tangible 995,000
Intangible 11,846,000

Avg Cost per foot 1,427

Avg Cost per day 428,033

Page 1 of 1 Headings input 344662173.xls

 AUTHORIZATION FOR EXPENDITURES WORKSHEET
OPERATOR: TAC PERTALAHAN ARNEBATARA NATUNA
CONTRACT AREA: BLOK B
CONTRACT AREA NO: WELL TYPE: DIRECTIONAL - SLANT
WELL NAME: UDANG ST - A- AFE NO. DATE: 22-Sep-09
Line UNIT UNIT AMOUNT RQUIRED COST TOTAL
No DESCRIPTION OF CHARGABLE DESC. COST DRY COMPL DRY COMPL COST

1 TANGIBLE COSTS

2 CASING

5""- K 55 - 23 ppf R3 BTC Casing Per Ft $38 3,000 113,880 0 0 113,880

SUBTOTALS 114,000 0 0 114,000

3 CASING ACCESSORIES
5" Liner Hanger complete with Running Tool + Cmtg Head Ea. $10,000 1 10,000 10,000
5" Float shoe complete with Cementing Dart Ea. $3,500 1 3,500 0 0 3,500
5" Float collar Ea. $3,500 1 3,500 0 0 3,500
SUBTOTALS 17,000 0 0 17,000
4 TUBING
3-1/2" - J 55 - 9.3 ppf 8 rd EUE R3 Tubing Per Ft $34 6,200 0 209,622 0 209,622
2-7/8" - J 55 - 6.4 ppf 8rd EUE R3 Tubing Per Ft $34 3,200 108,192 108,192
SUBTOTALS 0 318,000 0 318,000
5 WELL EQUIPMENT - SURFACE

Multi Bowl - 5 k c/w 3ea csg v/v & control line v/v ea $28,708 1.00 28,708 0 0 28,708
Tubing Hanger 3-1/2" X 7" FMC ea $11,862 1.00 11,862 0 0 11,862
Tubing Head Adaptor 11" Hub 3M x 3-1/2" Flange 3M ea $110,573 1.00 110,573 0 0 110,573
Wear Bushings and tools ea $6,500 1.00 6,500 6,500
3-1/2 Manual Gate Valve FMC model 2000 ea $20,000 2.00 40,000 0 0 40,000
Refubrish tool ea $10,000 1.00 10,000 0 0 10,000

SUBTOTALS 208,000 0 0 208,000

6 WELL EQUIPMENT - SUBSURFACE

SLANT
LOWER COMPLETION
UG 30
2-7/8" Wire Line Entry Guide ea $2,324 1.00 0 2,324 0 2,324
2-7/8" WXN No Go Landing Nipple ea $4,330 1.00 0 4,330 0 4,330
2-7/8" Perforated Pup Joint ea $1,500 1.00 0 1,500 0 1,500
2-7/7" WX Landing Nipple ea $4,400 1.00 0 4,400 0 4,400
2-7/8" x 5" Hydraulic Retrievable Packer ea $20,530 1.00 0 20,530 0 20,530
2-7/8" EUE 8rd Blast Joint ea $3,000 2.00 0 6,000 0 6,000
2-7/8" WXO Sliding Sleeve Door ea $12,364 1.00 0 12,364 0 12,364
2-7/8" x 5" Rigid Bow Centralizer ea $100 110.00 0 11,000 0 11,000
2-7/8 J55 6.4 ppf 8rd EUE Tubing Pup Joint 2 ft ea $6,315 2.00 0 12,630 0 12,630
2-7/8 J55 6.4 ppf 8rd EUE Tubing Pup Joint 3 ft ea $6,545 2.00 0 13,090 0 13,090
2-7/8 J55 6.4 ppf 8rd EUE Tubing Pup Joint 5 ft ea $6,840 2.00 0 13,680 0 13,680
2-7/8 J55 6.4 ppf 8rd EUE Tubing Pup Joint 10 ft ea $7,500 2.00 0 15,000 0 15,000
2-7/8 J55 6.4 ppf 8rd EUE X 3-1/2" J 55 9.3 ppf 8Rd eue Cross Over Sub 2 ft ea $9,750 2.00 0 19,500 0 19,500

UPPER COMPLETION----UG10
COUPLING, FLOW, 3 1/2" 12.6 Vam Top B-P ea $1,675 6.00 0 10,050 0 10,050
EXTENSION, MILLOUT, 3 1/2" 29 Vam Top P-P, 5 Ft. ea $1,433 1.00 0 1,433 0 1,433
MANDREL, GAS LIFT, 3 1/2" 12.6 Vam Top B-P x 1.50" Pocket, ROUND BODY Type 4 ea $12,750 5.00 0 63,750 0 63,750
NIPPLE, LANDING, 3 1/2" 12.6 Vam Top B-P, 2.8" ID, Top No-Go ea $1,158 1.00 0 1,158 0 1,158
PACKER, MHB, 7" 36-53.5 x 3.5" 29.0 Vam Top (back up sub 3 1/2 Vamtop Box) ea $19,367 1.00 0 19,367 0 19,367
PLUG, PACKER SETTING, 'PES ANVIL', 3 1/2" 15.5 Vam Top B-P ea $38,974 1.00 0 38,974 0 38,974
PUP Joint, CROSSOVER, 3 1/2" 12.6 Vam Top B x TS-Blue P, 7 Ft ea $1,670 7.00 0 11,690 0 11,690
PUP Joint, CROSSOVER, 3 1/2" 12.6 TS-Blue B x Vam Top P, 7 Ft ea $1,670 7.00 0 11,690 0 11,690
SLEEVE, SLIDING SIDE, 3 1/2" 12.6 Vam Top B-P, 2.688", Top No-Go (RPU) ea $10,878 1.00 0 10,878 0 10,878
SUB, BACK OFF, 3 1/2" 12.6 Vam Top x 5.50" 10 ACME B-P ea $0 1.00 0 0 0 0
VALVE, SAFETY 3 1/2" 12.6 Vam Top B-P x 2.750" ID STD. NE Series ea $14,185 1.00 0 14,185 0 14,185
X-OVER 3 1/2" Vam B x P ea $2,400 1.00 0 2,400 0 2,400
X-OVER, 3.5" Vam Top, B-P ea $2,400 1.00 0 2,400 0 2,400
KOP - 3.50" 12.6 Vam Top B Down TUBING HANGER ea $6,886 1.00 0 6,886 0 6,886
PROTECTOR, 3 1/2" CROSS CPLG 1/4" CTRL - 11mm DHG (Cannon) ea $63 14.00 0 882 0 882
LINE, CONTROL SEAMLESS 1/4" x Inc 825 (NCCL) ft $3 650.00 0 2,015 0 2,015

3-1/2" 12.6# Tenaris blue pup joint - 2 ft pin x box ea $1,285 1.00 0 1,285 0 1,285
3-1/2" 12.6# Tenaris blue pup joint - 3 ft pin x box ea $1,285 1.00 0 1,285 0 1,285
3-1/2" 12.6# Tenaris blue pup joint - 4 ft pin x box ea $1,285 1.00 0 1,285 0 1,285

0 337,961 0 338,000
7 OTHER TANGIBLE COSTS

SUBTOTALS 0 0 0 0
8
9 TOTAL TANGIBLE COSTS - Lines 2, 3, 4, 5, 6 & 7 339,000 656,000 0 995,000

10 INTANGIBLE COSTS
11 PREPARATION AND TERMINATION
12 SURVEYS - Well Hazard
Geotechnical Survey (allocation) Per Well $75,000 1.00 75,000 0 0 75,000
Weather Services Per Day $150 23.00 7.00 3,450 1,050 0 4,500

SUBTOTALS 78,000 1,000 0 79,000

13 LOCATION STAKING & PREPARATION
Rig Positioning Per Well $50,000 1.00 50,000 0 0 50,000
Flowline Installation Per Well $200,000 1.00 200,000 0 0 200,000
SUBTOTALS 250,000 0 0 250,000
14 WELLSITE & ACCESS ROAD PREPARATION
Access Road Preparation: ( FOR ONSHORE ONLY ) 0 0 0 0
0 0 0 0
SUBTOTALS 0 0 0 0
15 SERVICE LINES AND COMMUNICATIONS
VSat rental dayrate Per Day $750 23.00 7.00 17,250 5,250 0 22,500
Radio Operators Per Day $50 23.00 7.00 1,150 350 0 1,500

SUB TOTAL 18,000 6,000 0 24,000

16 WATER SYSTEMS ( FOR ONSHORE ONLY )

SUBTOTALS 0 0 0 0
17 RIGGING UP / RIGGING DOWN

SUBTOTALS 0 0 0 0
18
19 PREP. & TERM. SUB-TOTAL - Lines 12, 13, 14, 15, 16 & 17 346,000 7,000 0 353,000
0
20 DRILLING / WORKOVER OPERATIONS
21 CONTRACT RIG

RIG OPERATING RATE DAY $150,000 23.00 7.00 3,450,000 1,050,000 0 4,500,000
RIG STANDBY RATE (MOVING RATE)-allocation DAY $145,000 5.00 725,000 0 0 725,000
Catering and accomodation for 50 people DAY $3,000 23.00 7.00 69,000 21,000 0 90,000
SHAKER SCREEN EA $1,200 5.00 0.00 6,000 0 0 6,000
ADDITIONAL CREWS DAY $4,000 23.00 7.00 92,000 28,000 0 120,000

SUBTOTALS 4,342,000 1,099,000 0 5,441,000

22 DRILLING RIG CREW / CONTRACT RIG CREW
Extra laborers (not included in rig contract) Per Day $200 23.00 7.00 4,600 1,400 0 6,000
Doctor Per Day $300 23.00 7.00 6,900 2,100 0 9,000
Liaison Officers Per Day $150 23.00 7.00 3,450 1,050 0 4,500

SUBTOTALS 15,000 5,000 0 20,000

23 MUD, CHEMICAL & ENGINEERING SERVICES

Office Fluids Coordinator (MI) per day $1,000 23.00 7.00 23,000 7,000 0 30,000
Senior Mud Eng Per Day $800 23.00 7.00 18,400 5,600 0 24,000
Junior Mud Eng Per Day $380 23.00 7.00 8,740 2,660 0 11,400

Rig Mud Lab Per Day $75 23.00 7.00 1,725 525 0 2,250
Centrifuge Rental Per Day $350 23.00 7.00 8,050 2,450 0 10,500
Cuttings Dryer Rental Per Day $800 23.00 7.00 18,400 5,600 0 24,000
Liquid Mud Plant Equipment Per Day $580 23.00 7.00 13,340 4,060 0 17,400
Liquid Mud Plant Supervisor Per Day $100 23.00 7.00 2,300 700 0 3,000
Liquid Mud Plant Operators Per Zone $50 23.00 7.00 1,150 350 0 1,500
Mud Containers Per Zone $400 23.00 7.00 9,200 2,800 0 12,000
Cutting Engineer (1 expat and 4 National) Per Day $1,000 23.00 23,000 0 0 23,000

Filtration Equipment Per Day $500 23.00 7.00 11,500 3,500 0 15,000
Filtration Personnel Per Day $500 7.00 0 3,500 0 3,500
Filtration Operator Per Day $250 7.00 0 1,750 0 1,750
Filtration Cartridge Consumables Per Day $5,000 2.00 0 10,000 0 10,000
DE Material Per Lbs $1 4,000 0 4,000 0 4,000

Mud Materials
6-1/8" Hole OBM Per FT $38 3,000.00 113,400 0 0 113,400

Completion Brine Slant Per Well $60,000 1.00 0 60,000 0 60,000

SUBTOTALS 252,000 114,000 0 366,000

24 WATER
Water Purchase (Metric Tons) Per Day $200 23.00 7.00 4,600 1,400 0 6,000

SUBTOTALS Casing Scraper Blades 5,000 1,000 0 6,000

25 BITS, REAMERS AND CORE HEADS

6-1/8"" Mill Tooth (1 per applicable well) Ea. $20,000 1.00 20,000 0 0 20,000
6.1/8" PDC ) Ea. $60,000 2.00 120,000 0 0 120,000
4-3/4 " Mill Tooth Buit Ea. $12,000 1.00 12,000 0 0 12,000

SUBTOTALS 152,000 0 0 152,000

26 EQUIPMENT RENTAL
FISHING
Personnel Per Day $850 10.00 8,500 0 0 8,500
Equipment Rental Per Day $4,000 30.00 120,000 0 0 120,000
Equipment Purchase LS $1,500 1.00 1,500 0 0 1,500

Drilling Jars - 4-3/4" - 2 sets Per Day $286 23.00 7.00 6,578 2,002 0 8,580
Drilling Jars - 6-3/4" - 2sets Per Day $286 23.00 7.00 6,578 2,002 0 8,580
Drilling Jar Redress and Repair Per Day $3,200 4.00 12,800 0 0 12,800

Ditch Magnets Per Day $16 23.00 7.00 368 112 0 480
Various sizes Cross-over Per Day $300 23.00 7.00 6,900 2,100 0 9,000

Casing Scrapers - 5-3/4" for 5" Casing Per Day $300 7.00 0 2,100 0 2,100
Casing Scrapper for 7" Casing Per ea $600 1.00 0 600 0 600

Vacum Pump / Mud Vac Per Day $15 23.00 7.00 345 105 0 450
Mud Saver Valve Per Day $15 23.00 7.00 345 105 0 450
 Mud Saver Valve Redress Kit Per Day $350 23.00 7.00 8,050 2,450 0 10,500
6-1/2" Milling Tool to cut window in 7" Casing - Complete Per Day $10,000 23.00 0.00 230,000 0 0 230,000

SUB TOTAL 402,000 12,000 0 414,000

27 DIRECTIONAL DRILLING AND SURVEYS

Gyro Single Shot Daily Rental Per Run $525 23.00 12,075 0 0 12,075
Per Shot Single Shot Per Run $1,125 10.00 11,250 0 0 11,250
MWD Surface System Daily Rental (2 sets) Per Day $12,000 23.00 276,000 0 0 276,000
RTO System Per Day $200 23.00 4,600 0 0 4,600
Directional Driller (2 Sr + 1 Jr) Per Day $3,000 23.00 69,000 0 0 69,000

5 MWD tools to be used in 7 through 6-1/8 hole section (2sets) Per Day $2,500 23.00 57,500 0 0 57,500

Inspect & Repair all sizes of PDMs Per Day $5,000 1.00 5,000 0 0 5,000
Routine Inspections on Dir. Pkg Connections Per Day $8,000 1.00 8,000 0 0 8,000
Planning & Final Report Per Day $3,000 1.00 3,000 0 0 3,000

Mobilization for all tool & packages Per Day $1,200 1.00 1,200 0 0 1,200
Office Directional Coordinator Per Day $1,500 23.00 34,500 0 0 34,500
Add'tl Stabs - All Sizes, String & Near Bit Per Day $1,200 23.00 27,600 0 0 27,600
MWD/LWD Coordinator Per Day $1,000 23.00 23,000 0 0 23,000

SUBTOTALS 533,000 0 0 533,000

28 DIVING SERVICES

SUBTOTALS 0 0 0 0
29 CASING INSTALLATION
Casing Running Services, refer to contract 0 0 0 0
5" Casing Running Tools Per Day $3,000 23.00 69,000 0 0 69,000

Casing Personnel (Team) Per Day $1,670 23.00 38,410 0 0 38,410

Wellhead Service Engineer Per Day $1,200 23.00 27,600 0 0 27,600

Csg Thread Dope Ea $26 6.00 156 0 0 156

Thread Lock Ea $50 4.00 200 0 0 200
SUBTOTALS 135,000 0 0 135,000
30 CEMENT, CEMENTING AND PUMP FEES
Basic Cementing Services, Per Day $3,000 23.00 7.00 69,000 21,000 0 90,000
Cement Material Handling Charge Per Sack $15 1,000.00 15,000 0 0 15,000
Cement Bulk Tank System Per Day $10 23.00 7.00 230 70 0 300
Mixing Tank Per Day $300 23.00 7.00 6,900 2,100 0 9,000
Cementing Eng Per Day $500 23.00 7.00 11,500 3,500 0 15,000
Cementign Helper Per Day $300 23.00 7.00 6,900 2,100 0 9,000
Cement Head Rental Per Day $120 23.00 7.00 2,760 840 0 3,600

5" - Class "G" Cement Per Sack $10 1,000.00 10,000 0 0 10,000
Defoamer ( D-047 oe eq ) Per Gal $10 100.00 1,000 0 0 1,000
Retartder ( D-081 or eq ) Per Gal $8 100.00 800 0 0 800
Liquid Extender ( D-075 or eq ) Per Gal $5 100.00 500 0 0 500
Dispersant ( D-145 or eq ) Per Gal $15 100.00 1,500 0 0 1,500
Mud Push ( D-182 or eq ) Per bbls $100 0.00 0 0 0 0
Fluid Loss ( D-193 or eq ) Per Gal $10 100.00 1,000 0 0 1,000
Spacer Per Job $9,000 0.00 0 0 0 0

SUBTOTALS

SUBTOTAL CEMENT & CEMENT CHEMICALS 127,000 29,610 0 157,000

SUBTOTALS
31
32 DRLG/WRKOVER SUB-TOTAL - Lines 21, 22, 23, 24, 25, 26, 27, 28, 29 & 30 5,963,000 1,261,000 7,224,000

33 FORMATION EVALUATION $0
34 CORING $0
SUBTOTALS 0 0 0 0
35 MUD LOGGING SERVICES
Mobilization / Demob Lump Sum $2,500 1.00 2,500 0 0 2,500
Mud Logging Services Charge Per Day $1,030 23.00 0.00 23,690 0 0 23,690
Data Acquisition Engineer Per Day $140 23.00 0.00 3,220 0 0 3,220
Senior DA/Pressure Engineer Per Day $350 23.00 0.00 8,050 0 0 8,050
Mud Loggers Per Day $70 23.00 0.00 1,610 0 0 1,610
Mud Logging Consumables Per Day $500 23.00 11,500 0 0 11,500

SUBTOTALS 51,000 0 0 51,000

36 DRILLSTEM TESTS

SUBTOTALS 0 0 0 0
37 OPEN HOLE ELECTRICAL LOGGING SERVICES
Halliburton Wireline
Surface Eqpt & Open Hole Tools per day $2,000 23.00 0.00 46,000 0 0 46,000
Field and Town Log Processing L.S $7,500 2.00 15,000 0 0 15,000

LWD---5"
5 OD Gamma Ray LWD for 6-1/8 hole per day $1,250 23.00 28,750 0 0 28,750
5 OD Gamma Ray LWD for 6-1/8" hole per hours $1,250 23.00 28,750 0 0 28,750
 5 OD Resistivity LWD for 6-1/8 hole - per day $1,100 23.00 25,300 0 0 25,300
5 OD Resistivity LWD for 6-1/8 hole per hours $1,100 23.00 25,300 0 0 25,300
5 Pressure While Drilling Tool - 3sets per day $1,000 23.00 23,000 0 0 23,000

SUBTOTALS 192,000 0 0 192,000

38
39 FORMATION EVALUATION SUB-TOTAL - Lines 34, 35, 36 & 37 243,000 0 0 243,000
0
40 COMPLETION

SUBTOTALS 0 0 0 0
41 CASING LINER AND TUBING INSTALLATION

Tubing Running Tools / Completion Per Day $3,500 7.00 0 24,500 0 24,500

Tubing Run Crew Per Day $1,500 7.00 0 10,500 0 10,500

Wellhead Service Engineer Per Day $569 7.00 0 3,983 0 3,983

Csg Thread Dope Ea $600 1.00 0 600 0 600

Thread Lock Ea $600 2.00 0 1,200 0 1,200

SUBTOTALS 0 41,000 0 41,000

42 CEMENT, CEMENTING AND PUMP FEES

SUBTOTALS 0 0 0 0
43 CASED HOLE ELECTRICAL LOGGING SERVICES

Surface Eqpt & Open Hole Tools Per Day $8,000 7.00 0 56,000 0 56,000

SUBTOTALS 0 56,000 0 56,000

44 PERFORATING AND WIRELINE SERVICES

Schlumberger
TCP Guns
4-3/4" Gun 18 SPF Power Flo With Explosive charges ft $552 100.00 0 55,200 0 55,200
4-3/4/" Gun 18 SPF Power Flo - Blank ft $384 62.00 0 23,808 0 23,808
Per run charges ft $60,000 2.00 0 120,000 0 120,000
TCP Rental days $1,000 7.00 0 7,000 0 7,000
TCP Engineer days $600 7.00 0 4,200 0 4,200
TCP Assistant days $800 7.00 0 5,600 0 5,600
Explosives lot $60,000 1.00 0 60,000 0 60,000
SUBTOTALS 0 276,000 0 276,000
45 STIMULATION TREATMENT
J566 Clearfrac HT @ 55 Gln per drum gals $212 0.00 0 0 0 0
J567 Encapsulated breaker HT Lbs $15 0.00 0 0 0 0
K046 Methanol Complete with MSDS gals $20 0.00 0 0 0 0
S138 30/50 Econoprop lbs $1 0.00 0 0 0 0
U066 Mutual Solvent gals $19 0.00 0 0 0 0

SUBTOTALS 0 0 0 0
46 PRODUCTION TESTS

SUBTOTALS 0 0 0 0
48 COMPLETION - Lines 41, 42, 43, 44, 45, 46 0 373,000 0 373,000
0
49 GENERAL
50 SUPERVISION
Onsite Drilling Supervisors 1 Per Day $1,750 23.00 7.00 40,250 12,250 0 52,500
Onsite Drilling Supervisors 2 Per Day $1,200 23.00 7.00 27,600 8,400 0 36,000
Onsite Drilling Engineer Per Day $1,200 23.00 27,600 0 0 27,600
Material Man/Logistic Per Day $750 23.00 7.00 17,250 5,250 0 22,500
Onsite Completion Engineer Per Day $1,000 7.00 0 7,000 0 7,000

Well Site Geologist Per Day $1,750 23.00 40,250 0 0 40,250

Marine Surveyor Per Day $1,000 7.00 7,000 0 0 7,000

SUBTOTALS SUB TOTAL 160,000 33,000 0 193,000

51 INSURANCE
For entire well ( Cargo & Blow-out ) Per Ft $7 8,000.00 52,000 0 0 52,000

SUBTOTALS 52,000 0 0 52,000

52 PERMITS AND FEES
Explosives Permit LS/well $11,111 1.00 11,111 0 0 11,111
Explosives Import Agency Fees LS/well $9,000 1.00 9,000 0 0 9,000
Explosive Police Escort Lumpsump $1,111 1.00 1,111 0 0 1,111

Custom Clearance - Batam / Matak Lump Sum $50,000 1.00 50,000 0 0 50,000
Cargo Handling - Batam Lump Sum $6,000 2.00 12,000 0 0 12,000

SUBTOTALS 83,000 0 0 83,000

53 MARINE RENTAL AND CHARTERS
AHTS - 8000/ 9000 BHP ( Boat 1 ) Per Day $23,000 23.00 7.00 529,000 161,000 0 690,000
AHTS - 8000/ 9000 BHP ( Boat 2 ) Per Day $20,000 23.00 7.00 460,000 140,000 0 600,000
Accomodation - Meals ( est 40 personnel * $35/d) Per Day $1,400 23.00 7.00 32,200 9,800 0 42,000
Transportation misceleanous equipments Lump Sum $15,000 1.00 1.00 15,000 15,000 0 30,000
Transportation of casing, etc. from Batam - Cargo Ship Lump Sum $15,000 1.00 1.00 15,000 15,000 0 30,000
Supply Boat - 3500 HP -Spot Charter Per Day $14,000 23.00 7.00 322,000 98,000 0 420,000

SUBTOTALS 1,373,000 439,000 0 1,812,000

54 HELICOPTER AND AVIATION SERVICES
Helicopter :
Monthly Rental per day $5,751 0.00 0.00 0 0 0 0
Flying Cost + Fuel per day $1,600 0.00 0.00 0 0 0 0

Fixed Wing Aircraft : IAT Fokker 50/27

Fixed Monthly Fee for 1 fixed wing, US$ 194000/2ea/month, per day $3,233 1.00 0.00 3,233 0 0 3,233
Flight Hrs ( 2 x 2.5 hrs per week ) per day $6,500 4.00 0.00 26,000 0 0 26,000

$8,947 SUB TOTAL 29,000 0 0 29,000

55 LAND TRANSPORTATION
 0 0 0 0
SUBTOTALS 0 0 0 0
56 OTHER TRANSPORTATION
0 0 0 0
SUBTOTALS 0 0 0 0
57 FUEL AND LUBRICANTS
Diesel Oil (Est. 15000L/day) + handling+transport Per Day $17,400 23.00 7.00 400,200 121,800 0 522,000
Diesel (Est. 6660L/day) - 8khp Boats Per Day $7,726 23.00 7.00 177,689 54,079 0 231,768
Diesel (Est. 6660L/day) - 8khp Boats Per Day $7,726 23.00 7.00 177,689 54,079 0 231,768
Diesel (Est. 4000L/day) - Small Boats Per Day $4,640 23.00 7.00 106,720 32,480 0 139,200

SUBTOTALS 862,000 262,000 0 1,124,000

58 CAMP FACILITIES
Extra food & lodging for excess personnel ( 16 @ $15/d) Per Lot $240 23.00 7.00 5,520 1,680 0 7,200

Warehouse Port plus handling charges Per Day $1,100 23.00 7.00 25,300 7,700 0 33,000

SUBTOTALS 31,000 9,000 0 40,000

59 ALLOCATED OVERHEADS - FIELD OFFICE
Field Overhead (Batam) per day $1,250 23.00 7.00 28,750 8,750 0 37,500
Field Overhead (Matak) per day $500 23.00 7.00 11,500 3,500 0 15,000

$1,750 SUBTOTALS 40,000 12,000 0 52,000

60 ALLOCATED OVERHEADS - JAKARTA OFFICE
Jakarta Office Drilling Office Allocated Budget per day $7,500 21.00 7.00 157,500 52,500 0 210,000
Office Operation Geologist per Well $2,500 23.00 57,500 0 0 57,500

SUBTOTALS 215,000 53,000 0 268,000

61 ALLOCATED OVERHEADS - OVERSEAS

SUBTOTALS 0 0 0 0
62 TECHNICAL SERVICES FROM ABROAD

SUBTOTALS 0 0 0 0
63
64 GEN. SUB-TOTAL - Lines 50, 51, 52, 53, 54, 55, 56, 57, 58, 59, 60, 61 & 62 2,845,000 808,000 0 3,653,000

65 TOTAL INTANGIBLE COSTS - Lines 19, 32, 39, 48 & 64 9,397,000 2,449,000 0 11,846,000

66 TOTAL WELL COSTS - Lines 9 & 65 9,736,000 3,105,000 0 12,841,000

IN US$ PT PERTAMINA EP Form 19
AUTHORIZATION FOR EXPENDITURE - DRILLING AND WORKOVER
OPERATOR : TAC PERTALAHAN ARNEBATARA NATUNA
PROJECT TYPE DEVELOPMENT
CONTRACT AREA: BLOK B WELL NAME UDANG A5ST (ST-1)
WELL TYPE DIRECTIONAL - SLANT AFE NO. : 0
CONTRACT AREA NO. 0 PLATFORM/TRIPOD CPP UDANG-A
FIELD/STRUCTURE UDANG DATE : 6-Feb-17
BASIN
SURFACE COORD : LAT : 447454 N LONG : 662499 E

LOCATION NATUNA SEA SUB.SURFACE COORD : LAT : 446782 N LONG : 661145 E

WATER DEPTH 294 ELEVATION : 134 n PT. LINS Rig name : Jack Up Rig
PROGRAM ACTUAL PROGRAM ACTUAL
SPUD DATE 1-Apr-11 RIG DAYS 30.0
COMPLETION DATE 1-May-11 TOTAL DEPTH 9,000
PLACED IN SERVICE WELL COST PER FOOT $/FT 1,427
DRILLING DAYS 30.0 WELL COST PER DAY $/DAY 428,033
CLOSE OUT DATE COMPLETION TYPE: SINGLE / DUAL / TRIPLE WELL STATUS
WORK PROGRAM REVISED FINAL ACTUAL EXPENDITURES ACTUAL OVER % OVER
DESCRIPTION AND BUDGET BUDGET BUDGET PRIOR YEARS CURRENT YEAR TOTAL UNDER BUDGET UNDER BUDGET
1 2 3 4 5 6 7 8
1 TANGIBLE COSTS
2 CASING 114,000
3 CASING ACCESSORIES 17,000
4 TUBING 318,000
5 WELL EQUIPMENT - SURFACE 208,000
6 WELL EQUIPMENT - SUBSURFACE 338,000
7 OTHER TANGIBLE COSTS 0
8
9 TOTAL TANGIBLE COSTS 995,000
10 INTANGIBLE COSTS
11 PREPARATION AND TERMINATION 0
12 *SURVEYS 79,000
13 *LOCATION STAKING AND PREPARATION 250,000
14 *WELLSITE AND ACCESS ROAD PREPARATION 0
15 *SERVICE LINES & COMMUNICATIONS 24,000
16 *WATER SYSTEMS 0
17 *RIGGING UP / RIGGING DOWN 0
18 *
19 SUBTOTAL 353,000
20 DRILLING / WORKOVER OPERATIONS
21 *CONTRACT RIG 5,441,000
22 *DRILLING RIG CREW / CONTRACT RIG CREW 20,000
23 *MUD, CHEMICAL & ENGINEERING SERVICES 366,000
24 *WATER 6,000
25 *BITS, REAMERS AND CORE HEADS 152,000
26 *EQUIPMENT RENTALS 414,000
27 *DIRECTIONAL DRILLING AND SURVEYS 533,000
28 *DIVING SERVICES 0
29 *CASING INSTALLATION 135,000
30 *CEMENT, CEMENTING AND PUMP FEES 157,000
31 *
32 SUBTOTAL 7,224,000
33 FORMATION EVALUATION
34 *CORING 0
35 *MUD LOGGING SERVICES 51,000
36 *DRILLSTEM TESTS 0
37 *OPEN HOLE ELECTRICAL LOGGING SERVICES 192,000
38 *
39 SUBTOTAL 243,000
40 COMPLETION
41 *CASING LINER AND TUBING INSTALLATION 41,000
42 *CEMENT, CEMENTING AND PUMP FEES 0
43 *CASED HOLE ELECTRICAL LOGGING SERVICES 56,000
44 *PERFORATING AND WIRELINE SERVICES 276,000
45 *STIMULATION TREATMENT 0
46 *PRODUCTION TESTS 0
47 SUBTOTAL 373,000
48
49 GENERAL
50 *SUPERVISION 193,000
51 *INSURANCE 52,000
52 *PERMITS AND FEES 83,000
53 *MARINE RENTAL AND CHARTERS 1,812,000
54 *HELICOPTERS AND AVIATION CHARGES 29,000
55 *LAND TRANSPORTATION 0
56 *OTHER TRANSPORTATION 0
57 *FUEL AND LUBRICANTS 1,124,000
58 *CAMP FACILITIES 40,000
59 * ALLOCATED OVERHEADS - FIELD OFFICE 52,000
60 * - JAKARTA OFFICE 268,000
61 * - OVERSEAS 0
62 *TECHNICAL SERVICES FROM ABROAD 0
63 *
64 SUBTOTAL 3,653,000
65 TOTAL INTANGIBLE COSTS 11,846,000

66 TOTAL COSTS 12,841,000

67 TIME PHASED EXPENDITURE
68 *THIS YEAR 12,841,000 REMARKS :
69 *FUTURE YEARS
70 TOTAL 12,841,000

TAC P - PT PAN APPROVED BY DATE

GENERAL MANAGER : FX SUPRIYONO

PT PERTAMINA EP APPROVED BY DATE

 PT PERTAMINA EP Page 1 of 1
PRODUCTION SHARING CONTRACTS BUDGET SCHEDULE NO. 20
AUTHORIZATION FOR EXPENDITURES - DRILLING AND WORKOVER MATERIAL LIST ATTACHMENT TO BUDGET SCHEDULE 19

PROJECT TYPE DEVELOPMENT

WELL NAME UDANG A5ST (ST-1)
WELL TYPE DIRECTIONAL - SLANT
OPERATOR : TAC PERTALAHAN ARNEBATARA NATUNA PLATFORM/TRIPOD CPP UDANG-A
CONTRACT AREA BLOK B FIELD/STRUCTURE UDANG AFE NO. :0
BASIN UDANG DATE : 2/6/2017

L UNIT OF BUDGET ACTUAL ACTUAL OVER/UNDER SURPLUS MATERIAL

I DESCRIPTON ISSUED FROM STOCK NEW PURCHASE GRAND
N ISSUE QUANTITY UNIT PRICE TOTAL QUANTITY UNIT PRICE TOTAL QUATITY UNIT PRICE TOTAL TOTAL QUANTITY AMOUNT QUANTITY DISPOSITION
E 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16
1. TANGIBLES
2. 5" CASING Feet 3,000 37.96 114,000
3. SUB-TOTAL CASING 114,000
4. 3.5" TUBING Feet 6,200 33.81 210,000
5. 2-7/8" TUBING Feet 3,200 33.81 108,000
5. SUB-TOTAL TUBING 318,000
6. CASING ACCESSORIES
7. Float Equipment + Liner hanger + Pkr Per Lot 1 17,000 17,000
8. Tie back packer, DV Tools Per Lot 0
9. SUB-TOTAL CASING ACCESSORIES 17,000
10. WELL EQUIPMENT SURFACE Per Set 1 208,000 208,000
11. WELL EQUIPMENT SUB-SURFACE Per Set 1 338,000 338,000
12. TOTAL TANGIBLES 1,012,000
13.
14. INTANGIBLES - Drilling Operation
15. Mud Material / Chemical Per Lot 1 113,000 113,000
16. Cement & Cement Chemical Per Lot 1 157,000 157,000
17. Cementing Accessories Per Lot 0 0 0
18. Bit, Reamer & Core Heads Per Lot 1 152,000 152,000
19. SUB-TOTAL - Drilling Operation 422,000
20. INTANGIBLES - Completion Operation
21. Stimulation & Completion Fluid Per Lot 1 0 0
22. Cement & Cement Additives Per Lot 1 0 0
23. Cementing Accessories Per Lot 1 0 0
24. SUB-TOTAL - Completion Operation 0
1. TOTAL TANGIBLES 422,000
2. TOTAL TANGIBLES & INTANGIBLES 1,434,000

TAC P - PT PAN : PT PERTAMINA EP :

APPROVED BY: ______________________ POSITION : ______________ DATE : ________________ APPROVED BY: ______________________ POSITION : ______________ DATE : ______________

APPROVED BY: ______________________ POSITION : ______________ DATE : ________________