DEVELOPING ENERGY

FOR INDONESIA’S
FUTURE

Company Profile 2024

 Company Profile 2024

WHO WE ARE
Established in 2021, PT Bumi Pratiwi Hulu Energi
(hereinafter referred to as Prima Energi) is a
company that focuses on the upstream oil and
gas industry.

At Prima Energi, we’re committed to delivering

reliable, efficient, and responsible solutions for
the upstream oil and gas industry. With a focus on
exploration, development, and production, we’re
dedicated to helping Indonesia meet its growing
energy needs while minimizing our impact on the
environment.

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OUR MISSION
Our mission is to be a responsible and innovative
leader in the Indonesian oil and gas industry.

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 Company Profile 2024

CORPORATE VALUE
PERFORMANCE
P We strive for excellence in all aspects of our business, from exploration
and production to operations and delivery

RESPONSIBILITY

R We take our role as stewards of the environment and the communities

where we operate seriously, and prioritize safety and sustainability in all
our activities
INNOVATION
I We embrace new ideas and technologies to improve efficiency,
reduce costs, and unlock the potential of our resources

MISSION-DRIVEN

M Our company is founded on a clear and compelling mission: to provide

reliable and affordable energy to Indonesia while minimizing our
impact on the environment
AGILITY
A In a rapidly changing industry, we remain agile and adaptable, able to
pivot quickly in response to new challenges and opportunities

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ORGANIZATION STRUCTURE

Pieters Utomo
CEO

Sondy Nugraha Peter Brian Woodroof Faisal

VP Business Development VP Exploration
& Commercial & Development
COO

Rudy Heryanto
VP Project

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 Company Profile 2024

PROJECT MAPS
Northwest Natuna
PSC

A Bawean PSC

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ASSET
PORTFOLIO
BAWEAN PSC CAMAR
AREA

CAMAR
OILFIELD

TUBAN
AREA

EAST JAVA MADURA ISLAND

0 10 20 30 40 50 km

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 Company Profile 2024
PROJECT OVERVIEW: BAWEAN PSC Working Area

Interest / Operatorship Working Area comprises two blocks offshore NE Java (total 2,756 km²).

• Prima Energi Bawean (PEB) operates with 100% interest

A. Camar Block: 60+ km offshore, 60m WD. Camar Field production area with
near-field low-risk exploration opportunities

B. Tuban Block: Nearshore to offshore (0-50m WD). Exploration Area on-trend with
Reserves & Resources the new Sidayu-Tambakboyo Oil Discoveries
• 13 MMbbl oil has been produced to date from Camar Field (South and North)

• Camar South has Oil Reserves of 3.74 MMSTB (Three60 Certification in 2022) Production

• Camar North has over 3 MMSTB reserves yet to be certified • Camar production at Camar South (CPP) was restarted in February 2024. Later in
2024, two new wells will be drilled at Camar North (MPA) and a new pipeline installed
to connect them to the CPP. By year end 2024, Camar Field production is expected
to exceed 2,000 bopd.

1981 1982 1991 1996 1998 2011 2021 2022 2024

Bawean 1 Camar 1 Camar field 3D Seismic MPA platform Revised Bawean 1 New Bawean February 5, 2024
PSC Signed discovery well placed on acquired over installed at Bawean PSC terminated PSC awarded Production start-up
production Camar field North Camar 1 PSC to Prima Energi has commenced at its
Camar Oilfield in the new
Bawean Working Area

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7
ASSET
PORTFOLIO
NORTHWEST NATUNA PSC

ANDE-ANDE LUMUT
OILFIELD

NATUNA SEA

a
esi
on
0 10 20 30 40 50 km

Ind
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 Company Profile 2024
PROJECT OVERVIEW: NORTHWEST NATUNA PSC
Working Area
Interest / Operatorship Northwest Natuna is a 461 km2 single block located next to the Malaysian border in
shallow water (less than 70 metres), one of the largest undeveloped oil discoveries
• Prima Energi operates with 100% interest, with Prima Energy Northwest Natuna in Indonesia.
(PENN) as 50% and operator and with Prima Energy AAL Singapore as 50%
partner • Ande-Ande Lumut (AAL): One of the largest undeveloped oil discoveries in
Indonesia. Located in shallow water (~70 m) of Northwest Natuna, at depths of
~1,100 m
Reserves & Resources

• Under the current approved AAL development plan, 42.7 MMSTB of oil is expected
to be produced. Production

• Surrounding the AAL Field are several prospects with significant prospective
resources for future development.
• The technology of geo-steered horizontal drilling, coupled with the latest
completion equipment (screens, ICDs etc) make this heavy voilfield fully viable.
• Development of the AAL Oilfield is currently underway in order to obtain first oil by
the end of 2026. A Central Production Platform (CPP) will be installed which will be
connected to a bridge-linked and spread-moored Floating Storage Offtake (FSO)
vessel.
• Synergies between Prima Energi and marine operations give real operational
experience and significant savings opportunities

2000 2006 2011 2012 2013 2019 2023 2024

March 5, 2024
Exploration of Exploration of The AAL PoD I The Northwest Santos acquired Santos sold 50% Prima Energi acquired 100% of New
was approved by Prima Energi received final approval
AAL-1X by AAL-2X and Natuna PSC 50% of Northwest ownership back to Northwest Natuna PSC through
Minister for Energy was awarded to its subsidiaries: from SKKMigas and from the
Premier Oil AAL-3X by Natuna PSC AWE (Northwest
& Mineral Resources AWE (Northwest Prima Energy Northwest Natuna Pte. Minister of Energy and Mineral
GONPL Natuna) Pte. Ltd.
of Republic of Natuna) Pte. Ltd. (part of Mitsui) Ltd. (50%) and Prima Energy AAL Resources for its revised Plan of
Indonesia Singapore Pte. Ltd. (50%) Development (PoD) for the
Ande-Ande Lumut (“AAL”) Oilfield

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Ande-Ande Lumut (AAL): Plan of Development

The original AAL Plan of Development (PoD) was approved by Migas in

2011. Prima Energi has now revised this PoD to update it for new
concepts and technology. A staged field development involving an
Early Production Scheme (EPS) has been agreed.

Heavy oil development is nothing new, but not without challenges. For
the AAL Oilfield, the challenges include managing the water and sand
production, fully understanding the long-term recovery potential of the
reservoir, and how best to achieve optimum production.

Prima Energi’s staged development is tailored to address these

challenges, while maximizing future value. Prima Energi’s initial EPS
development will focus on producing from the K Sand (up to 6 wells)
with one well to test the G Sand oil.

The approved development plan is to flow first oil from the AAL EPS
development by late 2026. To achieve this will require building an
offshore central production platform (CPP), drilling wells from this CPP
to produce up to 20 thousand barrels of oil a day, and converting an
appropriately sized tanker into an FSO.

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 Company Profile 2024

EMPOWERMENT &
SUSTAINABILITY Provide Energy

We take a comprehensive approach to

sustainability, which encompasses
environmental, social, and economic factors.

We believe that by considering all of these

factors, we can create long-term value for our
clients, our employees, and the communities
Support Economic Growth
where we operate.

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Sustainable Future
HEAD OFFICE +6221 8086 1030
Sahid Sudirman Center 53rd Floor
Jl. Jend Sudirman, Kav 86 investor.relations@prima-energi.id
Jakarta Pusat 10220, Indonesia www.prima-energi.id