WHO IS PERTAMINA?AUGUST 2016

Fact Sheet1,2,3,5

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• Name: PT. Pertamina (Persero)

• Founded: August 1968 by the merger of Pertamin (est. 1961) and Permina (est. 1957)

• Company type: Government owned enterprise – National Oil Company

• Ownership: 100% Government of Indonesia

• Headquarters: Jakarta, Indonesia

• Employees: 28,104

• Production: 640,000 boepd6

• Acreage held: 232,825 sq km7 across 116 contracts blocks

• Fields operated: 6267

• Wells operated: 2,6887

• Gross revenue: US$70 billion (2014) US$41+ billion (2015)

• EDITDA: US$5.83 billion (2014) US$3.55 billion (3Q 2015)

• Cash balance: US$4.15 billion (3Q 2015)

• Focused on oil, gas, renewable and new energy projects inside and outside of Indonesia

• Dominates the exploration and production (E&P) sector –Indonesia’s largest oil and gas producer

• Considered a strategic national asset – only integrated oil and gas company in Indonesia

• Key contributor to the Government of Indonesia’s revenue via taxes and dividends

• Ranked 230 on Fortune’s Global 500 corporations in 20168

• Over US$41 billion in revenue and some US$45.5 billion in assets in 20158

• Pioneer in the LNG export sector in the late 1970s and early 1980s

• Operates 2,688 wells within 625 fields across 116 contract blocks7

• Drilled over 240 wells between 2013-2016

• Joint ventures with some of the world’s leading NOCs:• Rosneft Oil Company (Russia), Kuwait Petroleum, Saudi Aramco,

National Iranian Oil Company, Petronas (Malaysia)

• Strategic alliances with domestic and foreign partners

Overview2,5

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Group Structure5

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A Fully Integrated Operator2

5Source: Pertamina Highlights 3Q 2015 (dated March 2016), [http://www.pertamina.com/media/7afa9d59-d2ae-436e-976d-04ca347f9046/Pertamina%203Q2015%20Highlight%20-%20Web.pdf]

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Reserves• 5,125 MMboe of 2P Reserves

• 2,530 MMboe 2P oil Reserves

• 2,594 MMboe 2P gas Reserves

• 74% of 2P reserves are Proven

• Largest Reserves of any company E&P operating in Indonesia

• Holds over 70% of Indonesian Proven oil Reserves

Production6

• Produced 575,000 boepd in Q3 2015

• Production increased to 12.5% year-on-year to 640,000 boepd in H1 2016

• 305,000 bopd oil production

• 1.94 Bcfd gas production

• In H1 2016, accounted for over 50% of all Indonesian production

Indonesia’s Dominant Oil and Gas Producer1,2

Pertamina’s world class reserves and production statistics (3Q 2015)

Playing a Critical Role in Indonesia’s Energy Sector1,2,4

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• Key part of the Government of Indonesia’s regulatory and control framework for the petroleum industry

• Pertamina operates:• 2,688 wells, within 626 fields within 116 contracts

• 6 refineries with a total capacity of 1,031,000 bopd and catering to over 66% of domestic product demand in 2014

• LNG facilities with a capacity of over 19 MMtpa

• Installed geothermal capacity of 437 MW and 2P geothermal reserves of 1,550 MW

• 5,283 service stations

• 591 LPG filling plants

• 206 vessels (tankers and other oil and product vessels)

• 115 fuel storage terminals (total capacity approx. 42 MMbbl)

• 62 aviation fuelling units

• 19 LPG terminals and depots

• 3 lubricant oil blending plants

• Owns • 28 drilling-rig units

• 3,800 km of gas pipelines and 64 compressor stations

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• Fuel products:• Premium, Kerosene, Autogas, Automotive Diesel

Oil (ADO), and Industrial Fuel Oil (IFO).

• Special fuel products:• Aviation Gasoline (Avigas), Aviation Turbin Fuel

(Avtur), Super TT, Premix 94, Pertamax, and Pertamax Plus.

• Non-fuel and petrochemical products:• Green Cokes, SBP/LAWS/SGO, Polytam, Pure

Terephithalic Acid (PTA), Asphalt, Paraxylene, Benzene, Minarex, Lube Base Oil, Lube Oil, Minasol, Waxes, Pertasol, Propylene, Paraffinic 60 & 95, Raffinate, Toluena, and Heavy Aromat.

• Lubricant oil brands include:• Mesran, Mesrania, Meditran, Rored, Translik HD,

Prima XP, Martron, Medripal, Salyx, Turalik, Grease Pertamina, etc.

• Gas products:• Liquid Petroleum Gas (LPG) and Liquid Natural Gas

(LNG)

• Other products:• Low Oil Mogas Component (LOMC), Naphta,

Residue, LSWR, HVGO, Decant Oil, Sulfur, and Lean Gas.

• Pertamina also has 13 subsidiaries and 16 joint ventures operating in various industries including:

• Hotels (Patra Jasa)

• Upstream and downstream business support services

• Shipping

• Airlines (Pelita Air)

• Dockyards

• Marketing services

• Hospitals

• Oil drilling services

• Others including management services, insurances, and others

Downstream Products and Activities1,5

Board of Directors4

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Global Fortune 500 Ranking in 20168

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2015 Rank Company Country Revenue (2015)US$ billion

Assets (2015)US$ billion

118 Rosneft Oil Russia 64.75 132.2

120 Marathon Petroleum USA 64.6 43.1

125 Petronas Malaysia 63.5 138.0

145 Statoil Norway 59.9 109.3

146 PTT Thailand 59.2 60.4

161 Indian Oil India 54.7 36.6

215 Reliance Industries India 43.4 91.5

230 Pertamina Indonesia 41.8 45.5

250 Repsol Industries Spain 39.4 68.5

358 Bharat petroleum India 29.1 14.2

367 Hindustan Petroleum India 28.8 13.2

Pertamina’s peers in the Fortune 500 are some of the world’s top E&P companies

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1. Pertamina.com, [http://www.pertamina.com], accessed 14 July 2016

2. Pertamina Highlights 3H 2015 (dated March 2016), [http://www.pertamina.com/media/7afa9d59-d2ae-436e-976d-04ca347f9046/Pertamina%203Q2015%20Highlight%20-%20Web.pdf]

3. Fortune.com, [http://fortune.com/global500/pertamina-130/], accessed 13 July 2016

4. Pertamina Highlights 1H 2015 (dated October 2015), [http://www.pertamina.com/media/4f6bce59-35df-4964-94ef-9cf458f8db5c/Investor%20Presentation%20for%20Non-Deal%20Roadshow%20Nov2015.pdf]

5. Pertamina Annual Report 2015, [http://www.pertamina.com/media/62882c58-2b0b-49ad-a157-ef7cc8d26cbb/AR_2015_Pertamina.pdf]

6. “Pertamina sees production boost from overseas blocks”, Jakarta Post, 20 July 2016, [www.pressreader.com/indonesia/the-jakarta-post/20160720/282114930923585], accessed 20 July 2016

7. IHS, [https://www.ihs.com/], accessed 25-27 July 2016

8. Fortune.com, [http://beta.fortune.com/global500/pertamina-230], accessed 1 Sept 2016

Sources