KSOT Structure/Area Prospective Partner Requirements

• 07 Apr 2026
• Admin

Requirements for Entities Interested in KSOT Structure (Bidder/Parent Company)

Administrative & General Requirements:

1. The prospective partner entity must be a Business Entity or a Permanent Establishment.

2. The prospective partner must submit a self-declaration (duly stamped) upon submission of the Letter of Intent (LOI), stating that the entity and its management are not listed under sanctions by the USA, EU, UK, OFAC, either directly or indirectly, and are not affiliated with sanctioned countries/entities, including through parent company or ultimate beneficial ownership.

3. The prospective partner must submit a self-declaration (duly stamped) confirming that the entity and its management are not currently subject to sanctions, disputes, or legal cases involving Pertamina Group.

4. The prospective partner must submit an Integrity Pact, declaring that it has no conflict of interest and will comply with applicable laws and regulations related to good corporate governance, anti-corruption, anti-bribery, and anti-money laundering.

5. For consortium-based prospective partners:

1. Upon submission of the LOI (or at the latest during the signing of the CA prior to data access), the consortium must have a consortium agreement stating: purpose of the consortium and share allocation among members. The agreement must be notarized.
2. At the time of agreement signing, the consortium must be established as a legal entity with shareholders in accordance with the consortium agreement.
3. The composition of the consortium must not change from proposal submission until the execution of the Cooperation Agreement.

6. Administrative Documents:

1. Deed of Establishment of Business Entity or Permanent Establishment and its amendments (if any), duly legalized by the authorized authority
2. Valid Business Identification Number for upstream oil and gas activities.
3. Organizational structure of the prospective partner, including explanation of personnel adequacy and required competencies.
4. A duly stamped written statement confirming compliance with applicable laws and regulations, including tender/proposal guidelines.
5. A duly stamped written statement confirming that no legal action or objection will be taken against the organizer regarding the partner selection decision.
6. A duly stamped commitment letter to establish an entity for signing the Cooperation Agreement with qualified personnel and to provide guarantees to the contracting entity.
7. A duly stamped parent company guarantee letter, if the bidding entity is a newly established company.
8. A duly stamped declaration confirming the validity and accuracy of all submitted documents and statements.

7. Tax requirements: Tax Identification Number (NPWP) or equivalent (for foreign entities), and tax reports for the last 3 years.

Technical Requirements:

1. The company must have experience as an Operator in an oil & gas Working Area/Block/KSO/TAC with production status for at least 3 years, or as a service company with proven technical capability in enhancing oil and gas production.

2. The company must have an implemented HSSE system in oil and gas exploration/production operations or production enhancement services.

3. The company must have at least 5 permanent (non-project-based) oil & gas experts with a minimum of 5 years of experience, covering the following competencies:

1. Operations
2. Surface Facilities
3. Subsurface Reservoir
4. Subsurface G&G / Petrophysics
5. HSSE (with certification equivalent to Senior OHS Supervisor in Oil & Gas)

4. Demonstrated capability to plan and execute well production operations, including budgeting and environmental management within the cooperation area.

Financial Requirements:

1. Financially sound, evidenced by audited financial statements for the last 3 years, audited by auditors registered with the Ministry of Finance of the Republic of Indonesia and OJK/IAPI, with no audit-related disputes.

2. Demonstrated financial capability to fund: well production activation, development/improvement of production facilities, oil transportation facilities to the nearest gathering station or designated delivery point. Minimum 20% funding commitment for the 5-year Work Program.

3. Proof of financial support/access to funding from Himbara banks or Tier-1 banks (for foreign entities/Permanent Establishment).

4.Access to insurance coverage for oil and gas operational activities.

5. Service fees must not exceed the limits stipulated under the Minister of Energy and Mineral Resources of the Republic of Indonesia Regulation No. 14 of 2025 .

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