Company Profile

CONTENT
• Who We Are
• Vision and Mission
• What We Do
• Our Asset
• Team
• Corporate Business Plan
›Short Term
›Mid Term
›Long Term
2 STARBORN E&P
WHO WE ARE
PT Gema Supra Abadi (GSA),
is an Indonesian-based
company that act as the holding
corporation of Starborn E&P.
Starborn E&P, a newly
emerged oil and gas company
in Indonesia that is currently
managing Bontang PSC, which
is managed under Starborn
Energy Bontang Pte. Ltd.
We are focusing on the
exploration and production of
oil and natural gas, exclusively
in Southeast Asia region.

3 STARBORN E&P
 VISION AND MISSION

VISION MISSION
Our vision is to Our mission is to explore,
become Indonesian develop, and operate
country’s natural resources
major independent
and talents, in order to
exploration & perform and deliver energy
production company by to fulfil nation’s needs;
expanding our safely, effectively, and
business nationally. efficient.

4 STARBORN E&P
CORE VALUES
Starborn E&P is striving the best
to deliver maximum values at
regional and nationwide scale.
We put safety as our top priority,
sustain clean and healthy
environment, respect living
things, and being collaborative
by encouraging team work
within the organization. All is
enclosed as B.E.S.T:
• Be a good safety leader
• Environmentally responsible
• Save living things
• Team work to achieve more
5 STARBORN E&P
WHAT WE DO

Starborn E&P is an
upstream oil & gas
company in the South East
Asia region, focusing on
production and near-term
development assets. We
are an Indonesian-based
company that help to
deliver energy; safely and
optimized.

6 STARBORN E&P
OUR ASSETS

Jakarta Headquarter

Office

Gas-Producing Block

7 STARBORN E&P
OUR ASSETS

Starborn E&P is continuing to

BONTANG PSC
seek, acquire, and develop new
blocks to expand its operation-
Bontang PSC lies at the northern end of the
ability and develop new ventures
prolific Kutei basin, mainly producing gas in Indonesia. We are targeting
with a decent amount of condensate. This brown fields development,
block was taken over from Salamander
Energy (Ophir Energy) on late 2018 and focusing on production and
Starborn E&P hold 80% shares and act as near-term development assets.
operator of this block. Starborn E&P is
planning to develop the block within 2
phases:
1. Bontang Phase 1 – Tutung Field NEW VENTURES
Development (Shallow Water – 2.5 m –
3.5 m of water depth)
2. Bontang Phase 2 – Deep Water Future
Plan (350 meters water depth)
8 STARBORN E&P
STARBORN E&P
 BONTANG PSC – HISTORICAL BACKGROUND
PSC Contract signed between EPB
and BPMIGAS (EPB 100%) Operatorship transfer from EPB to BONEC
Dec 31 (EPB 20%, BONEC 80%)
Nov 18

Salamander acquired BONEC EPB assigned its 20% interest to BEL

(EPB 20%, Salamander 80%) (BEL 20%, Salamander 80%)
Jan 1 Mar 2 POD 1 Tutung Field approved and
signed by SKK Migas First Gas
Jul 13 Tutung Field
Q4 2020

2002 2003 2004 2005 2006 2007 2008 2009 2013 2015 2017 2019 2020 2021
Today

Important milestone:
Starborn E&P entered oil & gas industry
through Starborn Energy Bontang Pte. Ltd.
PT LBU transferred its operatorship
(Starborn I) to PT GSA
(SEB 80%, SPL 80%)
EPB: PT Eksindo Petroleum Bontang Dec 1
BONEC: Bontang Exploration Company Pte. Ltd.
PT LBU (Starborn) acquired Ophir I & Ophir II
BEL: Bontang Energy Limited (Starborn I 80%, Starborn II 80%)
Salamander: Salamander Energy (Bontang) Pte. Ltd. Jul 1
Ophir I: Ophir Indonesia (Bontang I) Pte. Ltd.
Ophir acquired SEB & BEL
Ophir II: Ophir Indonesia (Bontang II) Limited (Ophir I 80%, Ophir II 80%)
Starborn I (SEB): Starborn Energy Bontang Pte. Ltd. Mar 2
Starborn II (SPL): Starborn Petroleum Limited

10 STARBORN E&P
BONTANG PSC - EXPLORATION WORKS HISTORY
Tutung Alpha 1 Drilling
Operator: Salamander
Results:
• DST 1 flowed 0.95 MMSCFD gas and 73 BCPD condensate
• DST 2 flowed 13.9 MMSCFD gas and 460 BCPD condensate
Angklung Drilling
Operator: Salamander
Results:
DST 1: Sands were tight Bedug Drilling
DST 2: Immeasurable gas Operator: Salamander
DST 3: Flowed gas 22 MMSCFD Results:
Tutung Alpha 2 ST Drilling Thin gas bearing sands were
Operator: Salamander encountered
Results: Water bearing sands

1982 ..... 2008 2009 2010 2011 2012 2013

Tutung 1 Drilling
Operator: Total Indonesie
Results: South Kecapi DIR/ST Drilling
Tutung Alpha 2 Drilling
• DST 1 did not flow to Operator: Salamander
surface Operator: Salamander Results:
• DST 2 flowed 10.1 Results: BT45 interval flowed 6,000 BOPD with
MMSCFD gas and 613 Thin sands, low resistivity, water bearing sands Tutung Alpha 3 8.0 MMSCFD gas
BCPD condensate Drilling
• DST 3 flowed 0.3 Operator: Salamander
MMSCFD gas, and 155 Results:
BWPD water water bearing sands

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RESERVE AND RESOURCE SUMMARY
Tutung Gas Tutung Offshore Area
Condensate (Non-POD)
P1 (Proven) Reserve Discovery
&
Prospect

P2 (Probable) Reserve Recoverable Reserve

(Estimate):

56,242 2P Reserve
Resource Estimate:

MBOE
56,242 MBOE total block potential. Derived from 2P reserve & estimated
recoverable reserve from Tutung field and potential resource from deep
water fields of Bontang PSC (Angklung and South Kecapi).

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 CURRENT PROGRESS AND PROD. TARGET

Wells reactivation targeted

AMDAL approval targeted to
completed on Dec 2020, hook up
be completed on Jan 2020
to production line on late Dec 220

2019 Q4-2019 Q1-2020 Q2-2020 Q3-2020 Q4-2020 Q1-2021 Q2-2021 2021

Today

• AMDAL
• 10 MMSCFD
• Upcoming
Current
(UKL/UPL)
Upcoming Production Facilities EPCI Production • 600 BCPD
Progress
• FEED
Works • Well Reactivation Target • Total: 2,300
BOEPD

13 STARBORN E&P
MANAGEMENT
FIKRI FADEL MUHAMMAD
Chief Executive Officer
Fikri holds a Bachelor of Business
Administration (BBA) degree, from
Bond University, Australia and Master
of Business Administration (MBA)
degree from University of the West of
Scotland, United Kingdom. He’s
managing a couple of successful
companies under the holding
corporation named Gema Group and
has been involved in upstream, mid-
stream, and downstream sector of oil
and gas industry for a couple of
decades.
ARI TRIANSA
General Manager
Ari holds a Master Degree of
Petroleum Engineering – Field
Development from Trisakti University
and possess substantial experience in
oil and gas industry, both local &
international companies. With total 21
years of experience of various
subjects, including reservoir
engineering and management, he
manages an efficient team with
significant result at Starborn E&P.

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 SUBJECT MASTER EXPERTS/LEADS

JAJA SUDIJA MULYONO BANU MUCHAMAD ANUGRAH JERRY MINTAREDJA

Subsurface Advisor G&G Specialist Sr. Drilling & WO Engineer Sr. Facility Engineer

Jaja has been a practitioner in Mulyono has been professional Anugrah holds a Master Degree of Jerry has over 15 years of extensive
petroleum industry for over 30 years geoscientist, geologist, & geophysicist Petroleum Engineering from Bandung experience in offshore structural
with various international operators, with over 20 years of experience in Institute of Technology. Has been (fixed-platform and floating), marine,
service company, and subsurface the upstream petroleum industry in working in major oil & gas companies mooring, flexible lines & naval
consultancy. He was graduated in South East Asia & Australia regions. for offshore & onshore E&P for more architecture, civil covering phase of
Petroleum Engineering from Exposures in the several multinational than 16 years. Responsible for full design, construction and operation for
University of Southern California. He companies including Chevron, Tately cycle of well construction from design both greenfield and brownfield of oil
is specialized in Petrophysicist with N.V, PTT EP Myanmar, and Petronas to final well delivery and extensively and gas project. He holds Bachelor
extensive practical experience in Malaysia. Holding Master Degree in involved in engineering study on Degree of Ocean Engineering from
production and reservoir engineering. Geology & Bachelor Degree in various innovative concepts and ideas Bandung Institute of Technology.
Geophysical Eng., both are from ITB to improve and optimize performance.

15 STARBORN E&P
 SUBJECT MASTER EXPERTS/LEADS

RAY NURMAN DICKY IRAWAN RISKY SUHARA IDAMAN GEA

Commercial Specialist SCM Supervisor Finance Manager HSSE Coordinator

Ray is a strategic and result - oriented Dicky has over 18 years of experience Risky is an experienced finance Gea is an experienced HSSE
commercial expert with broad in the oil and gas industry. Involved in expert with more than 25 years of practitioner in oil and gas industry with
experience in project and market a lot of sector, including logistic, experience, demonstrated notable distinguished achievements in safety
development. He was graduated from procurement, human resource history of working in the oil & energy and environment segment. With over
Mechanical Engineering, University of management, and finance. He was in industry. Risky possess strong 24 years of experience, he hold senior
Indonesia with over 19 years of several managerial position in national accounting professional skilled in HSSE management position in
experience. His backgrounds creating and international oil and gas International Financial Reporting various national oil and gas company
the ability to manage and reflect all companies, including Pertamina and Standards (IFRS), Financial in Indonesia.
aspects of business strategic and Tately NV. Accounting, Financial Audits,
customers’ values to deliver better Financial Reporting, and Internal
results of performance. Controls.

16 STARBORN E&P
CORPORATE PLANS
3rd YEAR 5th YEAR 10th YEAR
SHORT-TERM PLAN MEDIUM-TERM PLAN LONG-TERM PLAN

• Bontang Phase 1: shallow water gas • Bontang Phase 2: deep water oil and • New ventures: exploration study and
development at Tutung field. gas development. targeting on new discoveries.
• Blocks acquisitions: focusing on • Local resource, people, and • Develop new discoveries to increase
production and near-term community development, increasing reserve.
development assets. Develop value of the area where Starborn E&P • Continuing adding value to the local
production on these new ventures. is operating, brings better future to community, develop people, and
• Further evaluation of phase 2 the nation. maximizing local resource.
development Bontang PSC (deep • Safety culture improvement program, • Targeting to achieve interdependency
water development). both internal and external corporation. in safety culture.
• Target production of 2,800 BOEPD. • Target production of 5,000 BOEPD. • Target production of 10,000 BOEPD.
• Targeting on increasing reserve of
68.71 MMBOE & 20.14 BSCF (3,425
MBOE) from new ventures
development. 17

17 STARBORN E&P
THANK YOU
info@starborn-ep.com

https://www.starborn-ep.com/