1H11 Investors’ Update

PT Medco Energi Internasional Tbk.

August, 2011 www.medcoenergi.com Energy Company of Choice

Content Page

The Overview: Profile & Assets Portfolio 3

Shareholding Structure 4

Organization Structure 5

Table of
Assets Portfolio 6

Projects Milestones 8

Business Performance: Financial & Operational KPIs 11

Financial KPIs

Breakdown by Business Segments

12

15
Contents
Business Development: Reserves , Exploration & Capex 18

Reserves Profile 1H11 19

Capex Profile 22

Highlights: Projects Initiatives 24

 Overview:
Profile & Assets Portfolio
Shareholding Structure

ENCORE INT’L MITSUBISHI

60.6% 39.4%

PT Medco Energi Internasional Tbk (“MEI”) is an

TREASURY
ENCORE ENERGY PUBLIC investment holding company with 1 operating –
SHARES
holding company for domestic oil and gas
11.7% 50.7% 37.6% business unit, and 3 sub-holding companies for
international oil and gas, power generation, and
downstream industries.

MEDCOENERGI

Stockholder Composition FY10 FY09 ∆%

Encore Energy Pte. Ltd. 1,689,393,006 1,689,393,006 50.70

Public 1,252,603,944 1,252,603,944 37.58

Treasury Shares 390,454,500 390,454,500 11.72

Total 3,332,451,450 3,332,451,450 100.00

4
Medco Energi Internasional Tbk. Organization Structure

Internal Audit
Board of
Commissioners Legal Counsel
• Portfolio & Risk
Management Committee Corp Secretary
• Audit Committee President Director &
• Remuneration & SHE
CEO
Nomination Committee
Lukman Mahfoedz Gov Relations

Executive Assistance

Director & Director & Director &

Director &
Chief Chief Director & Exploration & Chief COO Power,
Chief
Financial Human COO E&P New Ventures BSS Mining &
Planning
Officer Capital Officer Officer Downstream
Officer
Syamsurizal Officer Frila Berlini
Munaf Dasril Yaman Faiz Shahab J.Kustadi Budi Basuki
Akira Mizuta
Dahya

Board Member MEI

5
Assets Portfolio – E&P
“Large portfolio, domestic and international, offers diversification of opportunities and risks across broader
geological formation.”

Block A Nunukan
Bengara Sembakung
Simenggaris USA TUNISIA
Tarakan
OMAN
Bangkanai LIBYA
Senoro Toili CAMBODIA
Merangin Rimau YEMEN

SCS Lematang
Bawean
Jeruk

E&P Indonesia
• MedcoEnergi operates 10 oil & gas blocks, E&P International
maintains working interests in 3 oil & gas blocks
operated by strategic partners, and holds an oil & • MedcoEnergi operations spread across 20
gas economic participating interest in an assets in Asia, Africa, and the US.
exploration field.
• MedcoEnergi also operates 3 CBM blocks in South US (incl. Gulf of Mexico) Oman
Sumatra province  Producing blocks 8  E&P service contract 1
 Exploration blocks 5
Oil & Gas
Libya Tunisia
 Producing blocks 7  Exploration blocks 4
 Development blocks 2  Economic participation 1  Exploration block 1  Exploration block 1

CBM Yemen Cambodia

 Exploration blocks 2  Exploration blocks 2
 Exploration blocks 3

6
Assets Portfolio – Non E&P

“Other revenue streams not only further diversify risks but also monetize upstream assets by midstream and downstream
integration.”

Power
• 2 gas-fired power generation plants with a
mobile truck mounted power plant in Batam and
3 gas-fired power generation plants in South
Sumatra with total capacity of 185.1 MW
• 1 Operation & Maintenance project in Tanjung Downstream
Jati B, Central Java 1,320 MW
• LPG plant in Rimau, South Sumatra, with capacity of
73,000 ton/year -- processing associated gas from
Rimau block
• Ethanol plant in Lampung, with capacity of 180 KL/day
• HSD storage and distribution, with storage capacity of
22,700 KL.

Gas Pipeline Coal Mining

• MedcoEnergi operates 2 Mining Rights at Nunukan,
• Booster Compressor and 17.5km pipeline at East Kalimantan which currently still under exploration
Gunung Megang South Sumatra phase.

7
Projects Milestones
Corporate Updates

MedcoEnergi’s partner in Tunisia, Pioneer Natural Resources Anaguid Ltd. (now OMV Anaguid Ltd.) announced a successful
1 drilling of Mona-1 well, located at Anaguid Exploration Permit in South Tunisia on October 26th, 2010. The well was
drilled and tested at initial gross production rate of approximately 4,077 MBOEPD at 32/64” choke. MedcoEnergi held a 40%
participating interest in Tunisia through Medco Tunisia Anaguid Ltd. Pioneer/OMV is the operator of the block.

On October 28th 2010, MedcoEnergi received Contract Extensions for three of its PSC blocks from the Government of
2 Republic of Indonesia. Contract Extensions were given for South and Central Sumatra PSC until 2033, Block A PSC in Aceh until 2031 and
Bawean PSC located at offshore East Java until 2031.

MedcoEnergi has signed a loan facility agreement of USD 120 million with Mitsubishi Corp. to help finance the
Donggi-Senoro LNG Plant (DS-LNG) in Senoro-Toili, Sulawesi. The loan facility was secured on December 31st, 2010 from MedcoEnergi’s
3
DS-LNG consortium partner Mitsubishi Corp. through its wholly-owned subsidiary PT Medco LNG Indonesia (MLI), while MedcoEnergi
as the holding company will act as guarantor.

On January 24th, 2011 MedcoEnergi announced that the Final Investment Decision (FID) for Senoro-Toili Gas and LNG
4 Projects has been reached. In conjuction with the FID, the company also managed to pare down its participating interest in DS-
LNG from 20% to 11.1% through dilution which is in accordance to the Company’s strategy in developing its Key Projects.

MedcoEnergi has completed the divestment of 100% shares of Tomori E&P Limited (TEL) to Mitsubishi Corp. for
USD 260 million on January 31st, 2011. The transaction refers to the Company which has recently acquired 20% undivided working
5 interest of Senoro-Toili Production Sharing Contract (PSC) from PT Medco E&P Tomori Sulawesi (MEPTS) on December 22nd, 2010 both of
whom are wholly-owned subsidiaries of PT Medco Energi Internasional Tbk. (MEI). With the acquisition of TEL, MEI still hold a 30% stake
in Senoro-Toili PSC through MEPTS.

9
Corporate Updates

Tunisian Minister of Industry and Technology granted MedcoEnergi the Durra Concession located in Anaguid Block, Tunisia
for 30 years starting 24 March 2011. The acreage of Durra concession is 40km2 and the participating interests are held by Pioneer
6
Natural Resources Anaguid Ltd. (now OMV Anaguid Ltd.), Medco Tunisia Anaguid and Entreprise Tunisienne d'Activités Pétrolières
(ETAP). MedcoEnergi also received extension permit for the Anaguid Block up until 8 June 2012.

MedcoEnergi appointed new members for its Board of Directors during the Annual General Meeting of Shareholders on 19
May 2011. The new Board of Directors are as follows:
1. Mr. Lukman A. Mahfoedz, President Director and Chief Executive Officer
7 2. Mr. Syamsurizal Munaf, Director and Chief Financial Officer
3. Mrs. Frila Berlini Yaman, Director and Chief Operation Officer
4. Mr. Akira Mizuta, Director and Chief Planning Officer
5. Mr. Dasril Dahya, Director and Chief Human Capital Officer

MedcoEnergi received USD 35 million payment on PT Mitra International Resources (“MIRA”) receivables from
8 the sale of PT Apexindo Pratama Duta (“APEX”) shares back in September 2008. The actual cash payment was received on June 7, 2011.

MedcoEnergi has signed a standby loan facility agreement of USD 140 million from PT Bank Rakyat Indonesia
9 (Persero) Tbk on June 21, 2011. This loan facility will be available for utilization for 24 months after signing, with 5 years tenor from
the time the Loan Facility is drawdown and a competitive 3-month LIBOR-based interest rate.

MedcoEnergi on June 16, 2011 announced the issuance of The Self-registration USD Bond with Principal Amount of
10 up to USD 150 million within a maximum period of 2 year. Phase I Bond with the amount of USD 50 million was finalized on July
14, 2011 and offered at par for a period of 5 years with coupon rate of 6.05% per annum, payable every 3 months according to each
bond’s interest payment date. It got id AA- (double A minus, negative outlook) rating from PEFINDO.

MedcoEnergi has signed a loan facility agreement of USD 150 million from PT Bank Negara Indonesia (Persero)
11 Tbk on July 26, 2011. This loan facility will be available for utilization for 24 months after signing, with 5 years tenor from the time the
Loan Facility is drawdown.
 Business Performance:
Financial & Operational KPIs
Financial KPIs

Financial Highlights (USD mm) 1H11 1H10 ∆% 1,400 Revenues

1,200
Revenue 580.0 397.1 46.1 1,284
1,000
1,078

USD Million
800
Gross Profit 182.4 153.8 18.6 930
600
668 580
400
Income from Operations 109.5 91.6 19.6 200
0
EBITDA 168.6 127.0 32.8 2007 2008 2009 2010 1H11

Earnings Before Tax 62.5 40.4 54.8 EBITDA

500
Net Income 19.9 12.1 64.7 400 466.7 473.4

USD Million
300
Equity 813.8 714.6 13.9
200
222.5
168.6
Total Assets 2,329.9 2,064.4 12.9 100 155.2
0
Total Liabilities 1,516.1 1,327.9 14.2 2007 2008 2009 2010 1H11

Market Capitalization 910.9 1,082.3 (15.8) Net Income

300
EPS (USD/share) 0.0068 0.0041 65.9 250 280.2

USD Million
200
150
100
19.9
50 83.1
6.6 19.2
0
2007 2008 2009 2010 1H11

12
Financial KPIs (cont’d)

Operating Margin Profitability Ratios (%) 1H11 1H10 ∆%

30%
25% Gross Margin 31.4% 38.7% (18.8)
27%
20% 23%
15% EBITDA Margin 29.1% 32.0% (9.1)
18.9%
10%
11% 12%
5%
Operating Margin 18.9% 23.1% (18.1)
0%
2007 2008 2009 2010 1H11 Net Margin 3.4% 3.0% 12.8
Return on Equity - Annualized 4.9% 3.4% 44.7
Net Margin
25% Efficiency Ratios (x) - Annualized 1H11 1H10 ∆%
20%
22% Revenue/ fixed assets 1.04 0.74 40.3
15%
10%
3.4% Revenue/ net working capital 2.82 2.09 34.8
5% 9%
1% 3%
0%
2007 2008 2009 2010 1H11
Investment Ratios (x) 1H11 1H10 ∆%

CapEx/ Revenue 0.16 0.18 (9.5)

Return on Equity*
40% CapEx/ Depreciation 1.56 1.97 (20.7)
30% 38%

20%

10% 5%
11%
1% 3%
0%
2007 2008 2009 2010 1H11
*annualized
13
Financial KPIs (cont’d)

CONSOLIDATED DEBTS (in USD mn) 1H11 1H10 ∆%

A. Total Bank Loans 701.5 635.0 10.5
Current 128.5 115.1 11.7
Non Current 573.0 519.9 10.2
B. Other Obligations 319.7 264.0 21.1
Current: Rupiah Bonds 59.7 - n.m.
MTN 89.2 - n.m.
Non Current: Rupiah Bonds 114.4 164.3 (30.4)
MTN 56.4 99.6 (43.4)
Total 1,021.1 899.0 13.6
Capital Structure (x) 1H11 1H10 ∆%
Debt to Equity Ratio
Net debt/total equity 0.81 0.88 (8.3)
2.00
Net debt/(net debt + equity) 0.45 0.47 (4.6)
1.50 1.80
Liquidity & Solvability (x) 1H11 1H10 ∆%
1.00 1.25 1.25 Cash Ratio 0.65 0.72 (9.5)
1.11
0.95 Quick Ratio 1.62 1.84 (12.2)
0.50
Current Ratio 1.74 2.02 (13.8)
0.00 Debt to Equity Ratio 1.25 1.26 (0.3)
2007 2008 2009 2010 1H11 Net Debt to Equity Ratio 0.81 0.88 (8.3)
Total Liabilities/Total Equity 1.86 1.86 0.3
Coverage Ratios (x) 1H11 1H10 ∆%
Interest Coverage Ratio 4.57 3.63 25.8
Net debt/EBITDA - Annualized 1.95 2.48 (21.3)
14
Breakdown by Business Segments

Segmental breakdown, 1H11 Revenues

Electricity
8%

Oil and Gas E&P Downstream

61% 20%

Other Contracts
11%

1H11 1H10
Business Segment (in USD mn) Δ%
Revenue Revenue
Oil and Gas, Exploration & Production 354.8 258.6 37.2
Electricity 47.9 30.2 58.2
Downstream 117.3 51.5 127.7
Other Contracts 60.1 56.8 5.8
Consolidated Revenue 580.0 397.1 46.1

15
Breakdown by Business Segments (cont’d)

1P Reserves in MMBOE 2P Reserves in MMBOE Oil and Gas E&P 1H11 1H10 ∆%
300
250
250 Proved Reserves - 1P
200 236 277
254 243 190.9 225.4 (15.3)
201
200 (MMBOE)
150 191 200
150 191
148 Proved and Probable
100 100 242.9 266.4 (8.8)
107 Reserves - 2P (MMBOE)
50 50
0 0 Oil Lifting / MBOPD 29.3 30.6 (4.5)
2007 2008 2009 2010 1H11 2007 2008 2009 2010 1H11
Gas Sales / MMCFD 159.6 145.5 9.7
Lifting in MBOEPD Lifting Cost per BOE Total Oil and Gas
56.5 55.5 1.9
80
10 (MBOEPD)
9.40 9.38
8.20 8.60 Average Oil Price,
60
70.5 63.5 113.2 80.5 40.7
40 52.8 57.2 56.5 5 5.84 USD/barrel
20 Average Gas Price,
3.8 3.6 5.6
0 0 USD/mmbtu
2007 2008 2009 2010 1H11 2007 2008 2009 2010 1H11 LPG Sales / MT per day 41.5 41.1 0.8
LPG Price/ USD per MT 826.9 658.1 25.6
Revenues (mn USD) 354.8 258.6 37.2
Cost of Sales (mn USD) 201.3 129.2 55.9
Net Income (mn USD) 49.3 59.2 (16.7)

16
Breakdown by Business Segments (cont’d)

Electricity 1H11 1H10 ∆%

Power Production - IPP / GWH 627.3 491.2 28.1
Power Production - O&M / GWH 4,772 4,543 5.0
Revenues (mn USD) 47.9 30.2 58.2
Cost of Sales (mn USD) 33.6 27.2 23.7
Net Income (mn USD) 1.46 0.64 127.4
Downstream 1H11 1H10 ∆%
Fuel Distribution / KL 132,054 84,165 56.9
Average HSD Price / Rp per liter 7,191 5,966 20.5
Ethanol Production/ KL 10,058 8,110 24.0
Average Ethanol Price, USD / KL 598.0 555.0 7.7
Associated Gas Processed (MMSCF) 1,168 1,137 2.7
LPG Produced (MT) 7,660 7,488 2.3
Revenues (mn USD) 117.3 51.5 127.7
Cost of Sales (mn USD) 117.5 49.6 137.0
Net Income (mn USD) (7.9) (7.3) 7.7
Other Contracts 1H11 1H10 ∆%
Revenues (mn USD) 60.1 56.8 5.8
Cost of Sales (mn USD) 45.2 37.4 20.8
Net Income (mn USD) 2.3 5.3 (57.1)

17
 Business Development:
Reserves & Exploration Program
Reserves Profile 1H11
“The combination of oil and gas reserves on Medco’s portfolio will help sustain production life for years to come”
 1P or Proved reserves:
80.0 1P Reserves (191 MMBOE) Reserves claimed to have a reasonable certainty
61.5 (normally at least 90% confidence) of being produced.
60.0
Oil Gas  2P or Proved and Probable reserves:
40.4
Reserves claimed to have a lower certainty (at least
40.0 29.1
50% confidence) of being produced due to
20.0 9.6 6.1 9.4 11.5 6.9 4.3 5.0 operational, contractual, or regulatory uncertainties.
2.9 1.6 1.7 0.9  Contingent Resources:
- Discoveries not yet considered fully ready for
commercial development due to certain
contingencies.
 As of 1H11, both Medco’s 1P reserves and 2P
reserves are comprised of 40% oil and 60% gas.

→ Most of 2P reserves and Contingent Resources are

80.0 2P Reserves (243 MMBOE)
64.2 technically proven – conversion to proved reserves is
60.0 49.8 pending certain milestones of commerciality factors
Oil Gas
38.5 e.g. government approvals, final POD etc.
40.0
20.8
20.0 12.4 8.7 11.4 14.4  Libya-47 Contingent
3.6 2.3 2.1 5.4 8.1
1.3
 Senoro Toili Resources
-
 Bangkanai
 Simenggaris 217.2
MMBOE
71% oil, 29% gas

19
Potential Additional Reserves

“Medco will book its technically proven discovery from major projects as proved reserves upon achievement of certain
milestones.“

Major Projects Assets Est. Contingent Resources Key Milestones

 Acquired 50% working interest in 2005
 Obtained reserves estimation from D&M in 2008
 Submitted POD to Libyan National Oil Corporation
175,850 (NOC) in late 2008
Libya-47 MBOE  Secured operatorship and exploration extension in April
2010
 Obtained Commerciality approval for 25 MBOPD by
NOC in March 2011
 FID: pending POD approval & political stability in Libya

 Established operating company in 2007

 Signed GSA in early 2009, with an amendment in late
2010
27,128  Change of working interest-ownership in the Senoro Toili
Senoro Toili MBOE PSC from 50% to 30%
 Migration of 71.3 mmboe contingent resources to 2P,
leaving 27.1 mmboe for domestic market allocation
 FID has been announced on 24 January 2011
Subtotal 202,978 MBOE  Obtained POD approval in May 2011

Total 2P + contingent resources 456,443 MBOE

20
Exploration Program

“To help arrest the decline and replenish reserves due to production of existing and new assets, Medco will do more
exploration drillings in the future.“

Indonesia E&P International E&P

116
120 Development Wells 10 9
Development Wells
100 Exploration Wells 87 8 Exploration Wells
80 6 6
63 6
60 36
4
4 3
40 25 25
21
14 2 1 1 1
20 6 9 9 7 5
4 0
0 0 0 0 0
0 0
2009 2010 2011F 2012F 2013F 2014F 2015F 2009 2010 2011F 2012F 2013F 2014F 2015F

2004 2005 2006 2007 2008 2009 2010

Oil and Gas Capex 235.09 140.57 156.51 312.64 284.30 198.61 126.94
Reserve Addition, MMBOE (6.53) 39.74 4.34 30.26 (9.88) 154.00 32.19
Actual 3 Year Avg F&D $/BOE 10.98 9.41 14.18 8.20 30.48 4.56 3.46
Actual 3 Year Avg RRR 0.37 0.52 0.41 0.86 0.31 2.49 2.75
Reserves Life Index, years 5.84 6.37 6.90 6.50 7.21 6.53 12.27

21
Capex Profile

“During the next 3 years Medco will spent substantial amount of Capex to start develop its Major Projects following the
approval of their Final Investment Decisions.”

E&P CAPEX 2009 2010 2011 F 2012 F 2013 F 3-YR F

Exploration Capex 33.5 38.5 89.8 86.9 67.4 244.1

Development Capex 165.1 88.4 148.6 263.4 301.9 713.9

TOTAL E&P CAPEX 198.6 126.9 238.4 350.3 369.3 958.0

Non E&P Capex 70.7 17.0 194.8 125.7 63.9 384.4

TOTAL CAPEX NET 269.3 143.9 433.2 476.0 433.2 1,342.4

22
Capital Generation Strategy
“Asset optimization/divestment strategy is in place to reshape Medco’s asset portfolio.”

Funding Requirement Balance Sheet Management Optimum Capital Structure

Asset optimization:
 Debt service  Divestment/farm-out  Lower financing
 Capex (for major  Capex rationalization as  More equity & cash proceeds
projects) a result from from assets optimization
divestments

Asset Optimization Liability/Financing Plans

 Strategic minority divestment in subsidiaries.  Continue discussion with ECA and multilateral
agencies, which less affected by recent credit
 Divestment of maturing assets (where Medco does not hold crunch, to finance major projects.
operatorship).
 Utilize the underlying assets/reserved –based
 Prioritize capex allocation for major projects, accompanied by regular lending for selective E&P assets.
review of cost and schedule.
 Continue to explore various financing options
 Limited funding for selected exploration activities and new incubator (bank facilities, capital market instruments) with
business for future growth. competitive price.

 Cost containment and reduction program.  Balance the proportion of debt at corporate and
subsidiary level, project finance at assets level.
 Explore opportunistic-driven projects (icl. potential acquisitions) with
immediate value generation.

23
 Highlights:
Projects Initiatives
Projects Initiatives

Major Projects Portfolio

BLOCK A

SARULLA
Libya 47

Sumatera
Kalimantan SENORO
RIMAU EOR LNG Plant
Sulawesi
SINGA LEMATANG

Papua
Oil Development
Power Plant
Gas Development
Jawa

TARGET %
PROJECTS Project Descriptions Partners Page
Start-Up ownership
Block A 2013 - 2015 Gas field development up to 120 MMscfd capacity 41.67% Premier, Japex 26
Rimau 2013 Oil field - Enhanced Oil Recovery 95% PD-PDE 27
Senoro 2014 Gas field development up to 310 MMscfd capacity 30% Pertamina 28
DS- LNG 2014 LNG plant , single train of 2 mtpa capacity 11.1% Pertamina, Mitsubishi 28
Libya 47 2014 Oil field development of 50,000 - 100,000 bopd 50% Verenex (LIA) 29
Sarulla 2014 - 2015 Geothermal power plant, 3x110 MW 37.25% Kyushu, Ormat, Itochu 30

25
Projects Initiatives (cont’d)

Block A
 Scope:
2 x 60 MMSCFD capacity gas plant and associated pipelines, to monetize 343 BCF gross gas contingent
resources; to supply state owned fertilizer company Pupuk Iskandar Muda (PIM) and electricity
company (PLN) .
 Status:
• Received PSC Extension up until 2031 from the Government;
• Obtained government approval on Tender Plan. FEED is completed and EPC tender is started. Final
Investment Decision is targeted on 4Q 2011;
• Matang-1 exploration contracts are started with target spud date 1Q 2012.

26
Projects Initiatives (cont’d)

SUMATRA

Rimau

Rimau Enhanced Oil Recovery Project

 Objective : Increase oil production volume from existing reservoir by using new tertiary recovery technique.
 Project Scope : Implementation of Chemical Flooding EOR project Kaji Semoga to increase oil recovery up to 60
MMBO of Original Oil in Place starting 2013 until the end of contract in 2023.
 Project Status:
• Budget approved by BPMIGAS. 6 pilot pattern drilling completed. Construction 52% progress, Raw material
chemicals arrived at site location. Pilot is a step towards full field expansion;
• Estimated completion of construction injection –production facilities in Q4 2011;
• Capex will be internally funded by Operation.

27
 Projects Initiatives (cont’d)
Senoro Gas/LNG Development

Objective : Commercialize 1.96 TCF of gross 2P reserve and contingent gas resources through LNG Product
Upstream: Downstream:
 Scope: Build gas plant with 310 MMSCFD capacity and  Scope : Build 2 MT per annum LNG facilities, target first
associated pipelines, target on stream by 3Q 2014. LNG to buyer by 4Q 2014.
 Status:  Status:
• FID approved. Obtained POD approval in May 2011 and • Commence LNG EPC contract on 28 Feb 2011.
submit EPC AFE approval to BPMIGAS; • Current progress is 19% actual vs. 13% plan and on
• EPC Tender is started and expecting to award the contract track with target start up date. Commence Road
in 1Q 2012; Rerouting contract with PT PP on 1 July 2011:
• CPP & Jetty Land Acquisition is nearly completed, site • Secured $120mn bilateral loan from Mitsubishi for
preparation works prior to EPC award ready to start, early bridging. Project Financing application to JBIC is
site preparation will help ease the construction time. submitted and ready to start due diligence process.
28
Projects Initiatives (cont’d)
Libya Block 47

 Scope : Development of Area 47 oil discovery in Libya to produce 50-100 MBOPD production facilities with
associated pipelines.
 Status :
• Total 26 wells drilled, 20 exploration wells and 6 appraisal wells. 18 out of 20 exploration wells discovered oil/gas;
• Successful exploration results, Contingent Resources increased by 2/3 from 352 MMBOE (D&M, Sept 2008) to
588 MMBOE (in-house estimates, Apr 2011);
• Obtained Commerciality approval for 25 MBOPD by NOC in March 2011;
• The development programs are targeted to continue toward 2013-2014, dependent upon Libya political stability,
while pre-FEED preparation will be conducted in Jakarta.

29
Projects Initiatives (cont’d)
Sarulla Geothermal

 Objective : Develop renewable energy resources in Geothermal sector by building

strategic alliances with Kyushu, Ormat, Itochu
 Project Scope : Build geothermal power plant 3x110MW in Sarulla North Sumatra,
using combined cycle unit and Ormat Energy Converter
 Project Status :
 Electricity Tariff - Energy Sales Contract renegotiation with PLN is being finalized;
 Engineering, Procurement & Construction (EPC), Drilling, O&M contract –
preparing for negotiations and finalization;
 Financing – positive response from JBIC/ADB and other commercial banks to
provide funding.
30
Disclaimer

This document contains certain results of operation, and may also contain certain projections, plans,
strategies, policies and objectives of the Company, which could be treated as forward looking
statements within the meaning of applicable law. Forwards looking statements, by their nature,
involve risks and uncertainties that could cause actual results and development to differ materially
from those expressed or implied in these statements. PT MEDCO ENERGI INTERNASIONAL TBK. does
not guarantee that any action, which should have been taken in reliance on this document will bring
specific results as expected.

31
Company address:
PT Medco Energi Internasional Tbk.
The Energy Building 52nd Floor
SCBD Lot 11A
Jl. Jend. Sudirman, Jakarta 12190
Indonesia
P. +62-21 2995 3000
F. +62-21 2995 3001

Investor Relations:

Sumantri Slamet
M. +62-811 158 298
Email: sumantri.slamet@medcoenergi.com

Nugraha Adi
M. +62-819 815 815
Email: nugraha.adi@medcoenergi.com

Website: www.medcoenergi.com