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200 PT Pertamina Hulu Energi 2022Laporan TahunanAnnual ReportAnalisis dan Pembahasan ManajemenManagement Discussion and AnalysisBusiness Continuity and Business Continuity StrategyKelangsungan Usaha dan Strategi Keberlanjutan UsahaSubsurface: Reserves & Resources%u2022 Reserves replacement ratio > 100%%u2022 Acceleration maturation contingent resources to reserves%u2022 Increase RTP ratioExploration Funneling%u2022 Borderless study regional skala basin%u2022 Maturation %u2265 50 MMBOE%u2022 Combination of low and high risk prospects%u2022 Non Conventional%u2022 New Venture%u2022 Seismic di Open AreaDevelopment & Production%u2022 Revitalize Existing assets%u2022 On time, on budget, onschedule projects%u2022 Step out & EOR%u2022 POD Integration%u2022 Integrated infrastructure%u2022 Mature facility integrity%u2022 Effective ASRBusiness Development%u2022 Merger & Acquisition%u2022 Joint Study / Bid Round / PI Privilege for new block%u2022 Manager termination block%u2022 Strategic AllianceCommercial Improvement%u2022 Crude Monetization, stranded dan marginal gas (<25 MMBOE)%u2022 Securing GSA dan gas allocation%u2022 Commercialization synergy (C&T, KPI, SHG)%u2022 Monetization side productEconomical Improvement%u2022 Cost optimization%u2022 Increase profit%u2022 Risk mitigation%u2022 Portfolio optimization%u2022 Fiscal incentives%u2022 Regulation evaluation to unlocked valueESG%u2022 Improvement of HSSE aspects, among others emission reduction, oil spill readiness, safety, health and security%u2022 Improving community engagement through strengthening governance and management of CSR that contribute to SDGsHuman Capital%u2022 Leadership and culture high performance%u2022 Agile organization melalui business proses yang optimalDigital TransformationIntegrated Operation Center & Digital ProcurementUpstream ServicesTechnology to support core services & competitivenessPHE: Support National Energy Security achieving 1 MMBOPD & 12 BCFDPersero: Support Holding achieving USS 100 B market value 2024Business Initiatives Foundation InitiativesBecome Global Oil & Gas Leading CompanyOperational excellence, best in class and high profitable upstream oil and gas business that promote HSSE, Environment Social Governance ImplementationGood Corporate GovernanceVision & Mission StatementsVisionMissionKey EnablesSustaining & Enhancing Core BusinessStrategic Directions #1Key InitiativesStrategic Directions #2Key InitiativesStrategic Directions #3Key InitiativesStrategic Directions #4Key InitiativesStrategic Directions #5Key InitiativesStrategic Directions #6Key InitiativesGrowth through explorationAdvancing Business DevelopmentFinancial CompetitivenessValue Added &New BusinessBusiness Support & Innovation%u2022 RTP 1P min 7, RRR>100%%u2022 Fitting waterflood & EOR%u2022 Fast track transformation resources to reserves%u2022 Step out & new play%u2022 Reactivation idle wells%u2022 Project excellence%u2022 Abandonment site restoration%u2022 Alignment production growth with project milestones, asset reliability & facility readiness%u2022 Combination low & high risk exploration%u2022 Fast track prospect to discovery%u2022 Accelerate potential discovery from seismic new ventures%u2022 Unconventional opportunities%u2022 Fast track investment & divestment approval%u2022 In time and flexibility budgeting%u2022 Streamline maturity system%u2022 Global expansion & growth%u2022 Strategic partnership%u2022 Synergy work programs with Pertamina upstream service co%u2022 Cost optimization%u2022 Fiscal incentive%u2022 Unblock portfolio value%u2022 Revenue optimization from crude assay & blending%u2022 Flexibility funding option%u2022 Integrated Project Management (IPM) effectiveness%u2022 Maximize aggregation demand & long-term contract scheme%u2022 Infrastructure readiness to match supply & demand%u2022 Reserves monetization%u2022 Shortlisted gas buyer system%u2022 Side product, stranded gas monetization%u2022 Decarbonation & greener operation%u2022 Scale up LNG & LPG Hub Opportunities%u2022 CCUS/CCS Hub%u2022 Fast Computing%u2022 Integrated System & Security Management%u2022 Talent development & readiness%u2022 Lean organization & business process%u2022 Fair & transparent procurement process%u2022 Optimize material inventory, warehouse management & services%u2022 Fast track permit & government approvalRisk Management Community development and Stakeholder RelationsThe following is a detailed description of the initiatives for the Subholding Upstream strategy for each business aspect:Penjabaran detail inisiatif atas strategi Subholding Upstream untuk masing-masing aspek bisnis antara lain: