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