Gedung Menara Kuningan GF, M, 16th, 19th, 21st, 22nd, 23rd, 25th, 26th, 27th Floor Jl. HR. Rasuna Said Blok X/7 Kav. 5 Jakarta 12940 Phone: (021) 5794 5300 | Fax: (021) 5794 5301 Company Profile PetroChina International Companies in Indonesia www.petrochina.co.id Vision & President’s Note Mission It has not been so long time since I was assigned to this country. As a newcomer, I looked carefully at the past performance of the company. By now, I could tell you that PetroChina International Companies in Indonesia is absolutely one of the best assets in both Petrochina domestic and worldwide for its profitability, complexity of the operations and effective management. However, achievements belong to the past! The current critical situation of the low oil price in the world puts us in a new role and in a Our Vision serious risk. Undoubtedly, we must learn how to survive and grow. Become a leading international energy company in Indonesia by implementing performance in safety, occupational health, and environmental protection as well as As part of Petrochina in the world, one of the advantages we can take involving stakeholders in order to achieve long-term business sector. lies on Petrochina's experience of more than two decades worldwide, which has created trust in the countries where it operates due to the high standards, applied to perfect the safety and protection to the Our Mission environment. Furthermore, the financial strength and the talent The existence of PetroChina to produce energy (Energize) by always participating in accumulations have created investments for long terms. environmental preservation, concerning about the welfare of the community, and to maintain long-term business continuity (Harmonize). The other advantage we can take is the strong support of the We always make the effort to do our best in realizing the objectives of the Indonesia's government represented in its different levels, the company (Realize). contribution of our unique employees and the outstanding collaborations from our stakeholders. They are significant items to make our dreams coming true. Hence, I am sure we will be able to find the light at the end of the tunnel even when it appears as a difficult task. Every adversity always opens doors to new opportunities and we have the potential to be resilient to the current situation through innovation and a team work. Ladies and gentlemen, it is my commitment to get away the crisis and to make our company growing faster and higher, for which I devote my 30 years of experience and knowledge. No matter you believe or not, the solutions are always more than the problems. "Caring for energy, caring for you" is the only slogan we have for this world! Gong Bencai | President ndonesia I ompanies in C tional a n r e t n I oChina r et P 03 PetroChina International Companies in Indonesia Selat Panjang Block (PSC) Non Operator Salawati Island Jabung Block (JOB) Non Operator (PSC) Operator West Jambi II Block South Jambi (KSO) Operator “B” Block Salawati Basin (PSC) Non Operator (PSC) Non Operator Bangko Block Tuban Block (PSC) Operator (JOB) Non Operator Madura Block (PSC) Operator Indonesia is a vast archipelago Operating in numerous countries around the globe, Petroleum Intelligence Weekly also ranked Ever since PetroChina ventured into Indonesia’s oil PetroChina Company Limited (PetroChina) was PetroChina as the seventh in its comprehensive list and gas industry, the company has taken over and consisting of over 17,000 islands, established on November 5, 1999 as a joint stock of world’s 50 largest oil companies. developed a number of oil and gas production rich in natural resources and company with limited liability under the Company fields in various locations throughout the biodiversity. Since 2002, Law of the People’s Republic of China. PetroChina In 2002, PetroChina acquired Devon Energy archipelago such as West Papua, East Java and was established as part of the restructuring of Companies and made Indonesia its first and one of Sumatra. PetroChina has been applying its China National Petroleum Corporation (CNPC) and its foremost international oil and gas exploration expertise and experience to is CNPC’s largest holding subsidiary. Its stock and production ventures. Devon Energy itself had equity is listed in Hong Kong, Shanghai and New acquired Santa Fe Energy Resources back in 2000, uncover and manage important York. and had signed its first Production Sharing natural resources in various Contract (PSC) as Trend International Limited, with ndonesia I PetroChina engages in a broad range of petroleum Pertamina, Indonesia’s state oil company, in 1970. ndonesia familiar fields in the country. I and natural gas-related activities in Africa, Asia, Seeing the potential in the vast archipelago, Central Asia, America, and Middle East. As a PetroChina invested aggressively and developed oil company that focuses on natural energy, and gas production fields in Jambi Province, West ompanies in PetroChina is at the top of public companies in Papua and East Java. ompanies in C Asia, due to its 2006’s outstanding financial C tional performance, with turnover of 688,978 million Yuan The investment paid off. After PetroChina’s tional a a n r RMB and net profits of 142,224 million Yuan RMB. acquisition, production dramatically increased to n r e t e t n I PetroChina’s success did not stop there. Asian 90,000 BOEPD. PetroChina has also since become n Finance named PetroChina as The Best Asian a vital supplier of natural gas to Singapore. Despite I Company in terms of profitability and it ranked its success over the past few years, PetroChina oChina r oChina r et PetroChina as the third best in terms of corporate shows no sign of slowing down. It will continue to et P governance and management. break new grounds and expand its market as the P 04 company grows in the coming years. 05 The environment is something PetroChina takes Being a part of the oil and gas business community seriously. Harmony with nature is at the center of makes PetroChina aware of a number of global what the company does, and PetroChina always challenges. Therefore, environmental, health and makes sure to minimize potential hazards and safety issues are at the top of the company’s shield the environment from harm during the priorities. PetroChina aims to always make the most production process. PetroChina controls its significant contribution in the natural course of the environmental, health and safety risks with a company’s activities by putting people first and comprehensive EHS (Environment, Health and protecting the legal rights of employees, enhancing Safety) management system. PetroChina does not production safety, reducing emissions, coordinating compromise when it comes to safety, striving for corporate development while protecting the zero accident, injury and pollution. It is the environment with every resource that the company company’s firm belief that hazards can only be has. eliminated if its employees are properly trained and strictly adhere to a 12-point Plan-Do-Check-Act system, and PetroChina continues to make sure that the system is ingrained within each and every employee. PetroChina is committed to maintain balance and be ever mindful of the environment. Before and after any activities such as seismic survey, exploration drilling or production start up, PetroChina makes sure to conduct comprehensive environmental assessments. The company carries out rigorous management and monitoring, environmental impact assessments and environmental risk assessments. PetroChina is also committed to use clean energy and environmental-friendly products. Being mindful of the environment is of the utmost importance, and PetroChina will continue to do its very best to be an environment-friendly and nature-conserving company. EnvironmentEnvironment Xu Yalin | VP Finance & Control HealthHealth && SafetySafety ndonesia ndonesia I I ompanies in ompanies in PetroChinaPetroChina isis committedcommitted toto maintainmaintain balancebalance andand bebe everever mindfulmindful C C ofof environment.environment. BeforeBefore andand afterafter anyany activitiesactivities suchsuch asas seismicseismic tional tional a a survey, exploration drilling or production start up, PetroChina n survey, exploration drilling or production start up, PetroChina n r r e e t t n n I I makesmakes suresure toto conductconduct comprehensivecomprehensive environmentalencironmental assessments.assessments. oChina oChina r r et et P P 0606 Jabung Block Jabung Block in Sumatra (PSC) 2.713 SQ.KM Jabung Block in Sumatra is one of the most exciting blocks North Geragai and Makmur have been in production since 1998. To extract liquids, LPG (Liquid Petroleum Gas) and condensate that PetroChina has acquired. When PetroChina took over from the gas produced in North Geragai and Makmur fields, the PSC covering the Jabung Block in Jambi, Central PetroChina established gas plants at North Geragai. Sumatra, earlier exploration efforts had yielded oil and oil In 2002, oil zones in North Betara, Northeast Betara and Gemah plus gas discoveries in various locations such as North went into production. PetroChina then invested in the Betara Gas Geragai, Makmur, North Betara, Northeast Betara and Processing Facilities, completed in 2005, to process the liquid-rich gases flowing from these fields. The Betara Facilities, that include Gemah. offshore LPG refrigeration and storage as well as crude and condensate terminals from which PetroChina can ship products to the domestic and/or overseas market, can process up to 250 million cubic feet of raw gas into 100 million cubic feet of sales gas, 9,000 barrels of condensate and 1,500 MT (Metric Tons) of LPG. In 2003 PetroChina and and two other gas supppliers struck up 20-year agreement to supply up to 350 standard cubic feet of gas per day to Singapore Power. In 2008, PetroChina supplied 40 percent of the gas needed, and presently supplies 140 million cubic feet of gas per day.