INFORMATION SUMMARY

A. General Requirements for Partner Candidate

1. Any interested Partner Candidate shall meet the following qualifications:

a.
Corporate Body or Permanent Establishment performing oil and gas business.
b.
Having experienced and good reputation in oil and gas exploration and production activity at least 10 (ten) years by delivering company’s profile furnished with financial statement of the recent 5 (five) years (audited, but the recent year it may be unaudited). For non-experiences companies shall be guaranteed by experienced holding company or cooperate with experienced company.
c.
Having financial, technical capacities and human resources in oil & gas upstream operations;

2. Legal Requirements for Partner Candidate related to court and/or arbitration process;

a.
Not under court’s supervision, bankrupt condition, company’s activities cessation, and or Board of Directors having authority to sign the contract or its proxy is not in the proceedings/subjected to criminal sentence (sanction);
b.
Company, Shareholders, Board of Commissioners and/or Company’s management are not in dispute or has gone through the dispute particularly in upstream sector with PERTAMINA or its Affiliated at the court of justice and/or arbitration within the last 5 (five) years, both through the same company as Partner Candidate of Operation Cooperation (KSO), The Guaranteeing Company, in association with other companies or through other companies.
c.
The Board of Directors having authority to sign agreement or its proxy are never subjected to be sentenced based on the court’s judgment for any act relating to Company’s professional or individual professional reputation.

3. Partner Candidate of Business Entity is required to submit information on the company’s identity by enclosing company profile covering at minimum as follows:

a.
Name and address of the company including postal code, telephone & fax number and email;
b.
Deed of Incorporation/Articles of Association and as amended;
c.
Composition of members of company’ board of management
d.
Composition of capital ownership;
e.
Taxpayer Registration Number (NPWP) for Legal Entity/Cooperative;
f.
Proof of Payment of the last preceding year (for company established for 1 calendar year or more, if any);
g.
Company’s Financial Statement or in case newly established company enclosing the Financial Statement of its parent company or joint venture company within the last 5 (five) preceding year.
h.
List of personnel and experts;
i.
Track record and or permanent employee of the company;
j.
For non -experience companies :
  1. For those who has experienced holding company in the oil and gas upstream business, it shall be provided with guarantee letter from the holding company in terms of the corporate guarantee in form of deed of notary public containing the principles of requirement stipulated by PERTAMINA EP.

  2. For those who has no experienced holding company in the oil and gas upstream business, it shall be cooperate with other company experienced in the oil and gas upstream sector and having good reputation in such sector made evident by binding legal documents and legalizad by Notary.

4. Partner Candidate of Permanent Establishment must submit company profile and enclosed data (“company profile”) minimum containing as follows :

a.
Name and address of the company including postal code, telephone & fax number and email;
b.
Deed of Establishment/Articles of Association and as amended;
c.
Composition of members of the company’s board of management;
d.
Composition of capital ownership
e.
Company’s Financial Statement within the last 5 (five) preceding years or from guaranteeing company.
f.
List of personnel and experts;
g.
Track record and or permanent employee of the company;
h.
For non-experience companies:

1) For those who has experienced holding company in the oil and gas upstream business, it shall be provided with guarantee letter from the holding company in terms of the corporate guarantee in form of deed of notary public containing the principles of requirement stipulated by PERTAMINA EP.

2) For those who has no experienced holding company in the oil and gas upstream business, it shall be cooperate with other company experienced in the oil and gas upstream sector and having good reputation in such sector made evident by binding legal documents and legalizad by Notary.

  1. The guaranteeing company and joint venture company as referred to in point 3 and 4 shall meet the requirements in point 1.b and 1.c above.

  2. The guaranteeing company and joint venture company as referred to in point 3 and 4 and the guaranteed company or supported in a joint venture shall not be permitted to participate in the bid in the same Operating Area.

  3. In the case more than one operation cooperation (KSO) partner candidate is guaranteed by a parent company or one same supporting company for Bid in the same Operating Area, the guaranteeing or supporting company in the joint venture should elect one partner candidate.

    1. When submitting bid documents, the followings shall be enclosed:

      1. Legal Due Diligence from Indonesian Legal Consultant for Business Entity;

      2. Legal Due Diligence from Indonesian Legal Consultant with international

affiliation for Permanent Establishment. Legal Due Diligence containing standard requirements set forth by PERTAMINA EP.

9. Complete information on terms and conditions and bid process of KSO is contained in InfoMemo.

B. Time Schedule

    1. Administrative data submission will be commenced on December 15, 2006 at 16:00 pm Western Indonesia Time, addressed to : Operation Cooperation Bidding Team PERTAMINA EP Gedung Arsip Pertamina Jl. Yos Sudarso, Jembatan III, Plumpang

    2. Jakarta UtaraTelp: (62-21) 4359737 (ext. 406)
  1. Announcement of data administration examination result, December 22, 2006.

    1. Procurement of the Info Memo for Candidate Partner who complied administrative requirement will be commenced on December 26, 2006 trough January 5, 2007, at PT. PATRA NUSA DATA,. with address :

    2. Gedung Arsip PertaminaJl. Yos Sudarso -Jembatan IIIPlumpang Jakarta UtaraPh. (62-21) 435 97 37 (ext. 406)Fax. (62-21) 435 9738
  2. Procurement of the data will be commenced on December 26, 2006 through January 12, 2007.

  3. The closing date for the bid document submission is due on January 26, 2006 at

16:00 pm Western Indonesia Time, addressed to :Operation Cooperation Bidding Team PERTAMINA EPGedung Arsip PertaminaJl. Yos Sudarso -Jembatan IIIPlumpang Jakarta UtaraPh. (62-21) 435 97 37 (ext. 406)

Fax. (62-21) 435 9738Submission after closing date will not be accepted.

6. The signing contract will be made after the awarding.

C. Flow chart of Operation Cooperation (KSO)

The participant must follow the procedure as described the following flow chart :

Administrative DataSubmission

Bid ProposalSubmission

Evaluation

Contract Signing

  1. Announcement and Data Show PERTAMINA announced the offering Operation Cooperation areas. Partner candidate make registration and accept information summary of offering KSO, and follow the Data Show.

  2. Administrative Data Submission Partner candidate should review information summary of offering KSO and submit administrative data which be required.

  3. Examine & Verification Administrative Data Operation Cooperation Bidding Team will examine and verification administrative data, then decide candidate partner who complied requirement and announce the results to Partner Candidate.

    1. InfoMemo Candidate partner who complied the administrative data requirement could get InfoMemo document that contain the technical information, bid tender procedures and draft of contract. The Partner candidate must purchase the InfoMemo with the price of US$ 4,500 (four thousands and five hundred US Dollar) through PT Patra Nusa Data. The payment should be transfer to :

      2. PT PATRA NUSA DATA qq. KSO-PEPBank MandiriFatmawati Branch KK ElnusaAccount Number: 127-000-4698062

    1. Access data to PND Partner candidate should access the data through PT Patra Nusa Data as a data provider in accordance with the prevailing provision. The payment of data access should be transfer to:

      2. PT PATRA NUSA DATA qq. KSO-PEPBank MandiriFatmawati Branch KK ElnusaAccount Number: 127-000-4698062

  4. Bid Document Submission (two envelope) The tender participant should submit the entire Bid document before the closing date of the tender. The document will include the copy receipt of the InfoMemo and Data License.

  5. Evaluation Evaluation will be made for the Proposal Bid Document, Legal Due Diligence document, technical study, economic study, work program and budget commitment, bid for profit sharing, etc. in accordance with requirements within InfoMemo.

  6. Annoucement of Awardee

    7. Contract Signing