ASIABUMI PETROLEO We are the first private Indonesian Oil & Gas Exploration and Production (EP) company. Asiabumi Petroleo motto ‘Finding Oil’ defines the core activity we specialize in. Through our Exploration & Production department, we are focused in finding oil to deliver strong and sustainable financial returns for our shareholder.

ABOUT US // MANAGEMENT // TECHNICAL TEAM

EXECUTIVE SUMMARY

Proven Quick Commercialisation Track Record

Successfully monetized undeveloped discoveries within a very short time frame (3 years). Commercial discovery in 2008,commenced production in September 2011.

Awarded by SKK Migas for realisation.

Low to Medium Risk Upside Propective Resources

PSC terms allows for recovery of exploration expenditure from existing production

18 leads and prospects identified 113 MMBO Upside.

The block consist of several Pendalian’ look-alike fields, with significant upside potential.

Profitable Oil Company with Low Cost Capex Requirement

PSC terms allows for recovery of exploration expenditure from existing production

18 leads and prospects identified 113 MMBO Upside.

The block consist of several Pendalian’ look-alike fields, with significant upside potential.

INDUSTRY OVERVIEW

  • Global oil demand is expected to grow from 89.4 million barrels a day to 96.7 million to 99.1 million barrels a day by 2020 (CAGR 1.1% to 1.4% per annum growth).
  • The Asia Pacific region is expected to experience the strongest growth – OPEC are forecasting demand for oil in Asia Pacific will surpass the total increase in demand for the rest of the regions.
  • Key drivers for growth in oil demand include the continuing urbanisation and population growth of developing countries and increasing demand for transportation.
  • Of the 1,526.0 billion barrels of proved oil reserves globally, over 80% is located in the Middle East, North America and Central and South America. The Asia Pacific and Oceania regions hold approximately 4.0% of global reserves.
  • Despite this history, since 2004, Indonesia has been a net importer of oil as oil consumption due to population and economic growth has outstripped production. The Indonesian Government in recent times has tried to increase production through releasing more new exploration blocks - however, to date most of these have remained unsuccessful.
  • The long term forecast for oil demand in Indonesia is to grow at 1.5% per annum from the current consumption of 1.5 million barrels a day.