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01020304050607 Consolidated Financial Statements Laporan Keaungan Konsolidasian PT Pertamina Hulu Energi 751The original consolidated financial statement included hereinare in Indonesian language.PT PERTAMINA HULU ENERGI DAN ENTITAS ANAK/AND SUBSIDIARIESDaftar 5/87 ScheduleCATATAN ATAS LAPORAN KEUANGANKONSOLIDASIAN (lanjutan)Tanggal 31 Desember 2024 dan untukTahun yang Berakhir pada Tanggal Tersebut(Disajikan dalam Ribuan Dolar Amerika Serikat,Kecuali Dinyatakan Lain)NOTES TO THE CONSOLIDATEDFINANCIAL STATEMENT (continued)As of December 31, 2024 andfor the Year Then Ended(Expressed in Thousands of United States Dollars,Unless Otherwise Stated)5. AKUISISI ENTITAS ANAK DAN PARTICIPATINGINTEREST (lanjutan)5. ACQUISITION OF SUBSIDIARIES ANDPARTICIPATING INTERESTS (continued)c. Hak Pengendalian Atas Operasi Minyak danGas Bumi di Blok West Qurna-1 (lanjutan)c. Control Rights of Petroleum Operations in WestQurna-1 Block (continued)Dengan efektifnya Settlement Agreement per1 Januari 2024, lead operator West-Qurna 1berpindah dari EMIL ke PetroChina Iraq FZE.With the effectiveness of the Settlement Agreementas of January 1, 2024, the lead operator for WestQurna 1 will transition from EMIL to PetroChina IraqFZE.d. Akuisisi Wilayah Kerja Bunga dan PeriMahakamd. Acquisition of the Bunga and Peri MahakamAreasPHE ditetapkan sebagai pemenang dalam LelangPenawaran Langsung Wilayah Kerja Minyak danGas Bumi Tahap II Tahun 2022 untuk Wilayah Kerja(%u201cWK%u201d) Bunga dan WK Peri Mahakam. Pengumumanhasil Lelang Wilayah Kerja (WK) Migas Tahun 2022resmi disampaikan langsung oleh Direktur JenderalMinyak dan Gas Bumi Kementerian Energi danSumber Daya Mineral (ESDM), Tutuka Ariadji, padatanggal 22 Februari 2023.PHE was declared as the Winner of Oil and GasDirect Proposal Tender Contract Area Chapter IIYear 2022 for the Bunga and Peri MahakamWorking Areas. The Director General of Oil and Gasof Ministry of Energy and Mineral Resources(ESDM), Tutuka Ariadji, announced the 2022 Oiland Gas Working Area (%u201dWK%u201d) Tender results onFebruary 22, 2023.WK Bunga dimenangkan konsorsium PHE danPOSCO INTERNATIONAL Corporation serta WKPeri Mahakam dimenangkan konsorsium PHE danEni Indonesia Limited.The Bunga Working Area has been won by aconsortium of PHE and POSCO INTERNATIONALCorporation, while the consortium of PHE and ENIIndonesia Limited won the Peri Mahakam WorkingArea.WK Bunga mencakup area seluas 8.500 Km2 di lautdalam lepas pantai Jawa Timur, sementara WK PeriMahakam berlokasi di lepas pantai dan daratanTimur Kalimantan yang meliputi area seluas 7.414,43km2.The Bunga Working Area covers an area of 8,500km2 in the deep sea off the coast of East Java, whilePeri Mahakam Working Area is located offshore andon the mainland of East Kalimantan, covering anarea of 7,414.43 km2.Pemerintah telah menetapkan PT Pertamina HuluBorneo (51%) dan Eni Peri Mahakam Ltd (49%)sebagai pengelola WK Peri Mahakam.The government has appointed PT Pertamina HuluBorneo (51%) and Eni Peri Mahakam Ltd (49%) ascontractors in Peri Mahakam Area.Pemerintah telah menetapkan PT PoscoInternational ENP Indonesia (50%) danPT Pertamina Hulu Energi North East Java (50%)sebagai pengelola WK Bunga.The government has appointed PT PoscoInternational ENP Indonesia (50%) and PTPertamina Hulu Energi North East Java (50%) ascontractors in Bunga Area.Bonus tanda tangan WK Bunga dan Peri Mahakanberturut-turut dengan nilai penuh sebesar AS$100dan AS$50 yang dibayarkan Pada tanggal 17 April2023.The signature bonus for Bunga and Peri Mahakamrespectively with full amount are US$100 and theUS$50 which has been paid in April 17, 2023.Kontrak Bagi Hasil (%u201cKBH%u201d) WK Peri Mahakam telahditandatangani oleh Direktur PT Pertamina HuluBorneo dengan Kepala SKK Migas pada tanggal30 Mei 2023. KKS tersebut berlaku efektif setelahditandatangani oleh Menteri ESDM pada tanggal19 Juni 2023 dan akan berlaku selama 30 tahundengan menggunakan skema KBH cost recovery.The Production Sharing Contract (%u201dPSC%u201d) for WKPeri Mahakam was signed by Director of PTPertamina Hulu Borneo with Head of SKK Migas onMay 30, 2023. The KKS is effective after beingsigned by the Minister of Energy and MineralResources on June 19, 2023 and will be valid for 30years using PSC Cost Recovery scheme.