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Terkait pengeboran, Perseroan merealisasikannya melalui Subholding Upstream merealisasikannya pada 20 sumur dilakukan kegiatan eksplorasi dan 799 eksploitasi. Kondisi tersebut disebabkan oleh Keterlambatan pemboran akibat isu rig (ketersediaan dan kehandalan), isu penyiapan lahan,dan keterlambatan proses perijinan HSSE.Pada tahun 2023, Perseroan melakukan survei seismik, baik jenis 2D maupun 3D, yang masing-masing seluas 0 km dan 1.512 km2. Kegiatan ini dilakukan sebagai upaya mencari cadangan minyak dan gas dalam rangka eksplorasi. Kondisi tersebut disebabkan oleh keterlambatan proses perijinan dan proses lelang.Total produksi minyak mencapai 566 MBOPD, naik 110% dibandingkan tahun sebelumnya yang sebesar 514 MBOPD., atau 95% dari Rencana Kerja dan Anggaran Perusahaan (RKAP) yang sebesar 595 MBOPD. Pencapaian ini dipengaruhi gap run rate awal tahun dan mundurnya pemboran. Sedangkan produksi gas pada tahun 2023 adalah sebesar 2.766 MMSCFD. Dibandingkan tahun 2022 yang 2.624 MMSCFD, terjadi kenaikan 105% atau 100,12% dari Rencana Kerja dan Anggaran Perusahaan (RKAP) yang sebesar 2.763 MBOPD. Kondisi tersebut disebabkan oleh run rate positif dari performa 2022 dan program program gap run rate di tahun 2023.Pencapaian lifting minyak tahun 2023 masih dibawah target tahun 2023 yang disebabkan oleh pencapaian produksi yang masih dibawah target. Kinerja lifting to production ratio mencapai 100% dimana telah dilakukan optimalisasi dan koordinasi intensif dengan SKK Migas, Subholding Refinery & Petrochemical, Subholding Commercial & Trading, dan operator Wilayah Kerja & terminal. Pencapaian lifting gas tahun 2023 lebih tinggi dari target tahun Regarding drilling activities, the Company conducted them through the Subholding Upstream, completing exploration activities on 20 wells and 799 exploitation wells. This condition was due to drilling delays caused by rig issues (availability and reliability), land preparation issues, and delays in HSSE permitting processes.In 2023, the Company conducted seismic surveys, both 2D and 3D, covering areas of 0 km and 1,512 km2, respectively. These activities were carried out in an effort to search for oil and gas reserves as part of the exploration process. This condition was due to delays in permitting processes and bidding processes.Total oil production reached 566 MBOPD, up 110% from the previous year%u2019s production of 514 MBOPD, or 95% of the Company%u2019s Work Plan and Budget (RKAP) target of 595 MBOPD. This achievement was influenced by the initial year%u2019s run rate gap and delays in drilling. Meanwhile, gas production in 2023 was 2,766 MMSCFD. Compared to 2022%u2019s production of 2,624 MMSCFD, there was a 105% increase, or 100.12% of the Company%u2019s Work Plan and Budget (RKAP) target of 2,763 MBOPD. This condition was due to the positive run rate from the 2022 performance and gap run rate programs in 2023.The achievement of oil lifting in 2023 is still below the 2023 target due to production achievement still below target. The lifting to production ratio performance reached 100%, where optimization and intensive coordination with SKK Migas, Subholding Refinery & Petrochemical, Subholding Commercial & Trading, and the Work Area & terminal operators have been carried out. The achievement of gas lifting in 2023 is higher than the 2023 target due to the PerihalSubjectSatuanUnitRealisasi 20232023 RealizationTarget 20232023 TargetPencapaian Realisasi Terhadap Target 2023Realization Against 2023 Target(%)(1) (2)Total Produksi Gas BumiTotal Natural Gas ProductionMMSCFD 2.765,85 2.762,58 100,12Lifting Migas/ Oil and Gas LiftingTotal Lifting Migas*Total Oil and Gas Lifting*MBOEPD 905,40 916,58 98,78Total Lifting Minyak*Total Lifting Oil*MBOPD 566,17 590,27 95,92Total Lifting Gas BumiTotal Natural Gas LiftingMMSCFD 1.965,46 1.890,54 103,96252 Laporan Tahunan %u2022 PT Pertamina Hulu EnergiPEMBAHASAN DAN ANALISIS MANAJEMENMANAGEMENT DISCUSSION AND ANALYSIS 4 5 6 7

