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PT Pertamina Hulu Energi %u2022 Annual Report 793The original consolidated financial statements included herein are in the Indonesian language.PT PERTAMINA HULU ENERGI DAN ENTITAS ANAKNYA/AND ITS SUBSIDIARIESDaftar 5/240 ScheduleCATATAN ATAS LAPORAN KEUANGANKONSOLIDASIANTanggal 31 Desember 2023 dan untuk Tahun yang Berakhir pada Tanggal Tersebut(Disajikan dalam ribuan dolar Amerika Serikat, kecuali dinyatakan lain)NOTES TO THE CONSOLIDATEDFINANCIAL STATEMENTS As of December 31, 2023and for the Year Then Ended(Expressed in thousands of United States dollars,unless otherwise stated)53. ESTIMASI CADANGAN MINYAK DAN GAS BUMI (TIDAK DIAUDIT) (lanjutan)53. ESTIMATED CRUDE OIL AND NATURAL GASRESERVES (UNAUDITED) (continued)Berdasarkan tabel di atas per 31 Desember 2023jumlah proved reserves minyak Grup sebesar1.312.498 MBBLs dan proved reserves gas bumiGrup sebesar 950.387 MBOE.Based on the table above as of December 31, 2023, the Group%u2019s total oil proved reserves is 1,312,498 MBBLsand the Group%u2019s total natural gas proved reserves is950,387 MBOE.Estimasi volume cadangan dan produksi gasdikonversikan dari MMSCF (Millions of StandardCubic Feet) ke MBOE (Thousand Barrels of OilEquivalent) dengan menggunakan rate konversi 1 MMSCF = 0,1726 MBOE.The estimated gas reserves balances and productionare converted from MMSCF (Millions of Standard Cubic Feet) to MBOE (Thousand Barrels of Oil Equivalent) by applying the following conversion rate1 MMSCF = 0.1726 MBOE.Rasio reserves to production minyak dan gasPerusahaan dihitung tiap akhir tahun. Rasioreserves to production tahun 2023 adalah 7,4tahun.The reserves to production ratio of oil and gas iscalculated at the end of each year. The reserves toproduction ratio in 2023 is 7.4 years.