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01020304050607 Consolidated Financial Statements Laporan Keaungan Konsolidasian PT Pertamina Hulu Energi 861The original consolidated financial statement included hereinare in Indonesian language.PT PERTAMINA HULU ENERGI DAN ENTITAS ANAK/AND SUBSIDIARIESDaftar 5/197 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)45. PERJANJIAN, KOMITMEN DAN KONTINJENSIPENTING (lanjutan)45. SIGNIFICANT AGREEMENTS, COMMITMENTSAND CONTINGENCIES (continued)d. Audit pemerintah (lanjutan) d. Government audit (continued)Manajemen berpendapat bahwa penyelesaianatas hasil audit tidak akan memiliki dampakmaterial terhadap posisi keuangan Perusahaandan karenanya, tidak ada penyisihan yang dicatatpada tanggal 31 Desember 2024.Management believes that settlements of theoutstanding audit issues will be resolved with nosignificant impact on the Company%u2019s financialstatements and accordingly, no provision forsettlement of audit claims has been recognized asat December 31, 2024.Audit oleh Pemerintah (PIREP) Iraqi Government Audits (PIREP)Terdapat perbedaan pendapatan dan piutangyang dicatat dan dilaporkan oleh Operator denganyang diakui oleh Pemerintah Irak. Pendapatandan piutang ini berasal dari remuneration fee,petroleum cost dan biaya lainnya. Hingga saat iniOperator masih melakukan negosiasi untukpenyelesaian atas perbedaan ini. Pada 31Desember 2024, nilai pengurangan cost recoverysebagai akibat adanya disputed %u00edtems yangmenjadi beban PIREP adalah sebesarAS$3.440.311 (nilai penuh).Pada laporan posisi keuangan Perusahaan pertanggal 31 Desember 2024 telah manajementelah melakukan pencadangan penyisihanpiutang sebesar AS$3.440.311 (nilai penuh).There were differences of revenues andreceivables recorded and reported by the Operatorand those recognized by the Iraqi Government.These revenues and receivables derived fromremuneration fees, petroleum costs and otherexpenses. The Operator is still conductingnegotiation on the resolution of the differences. Asof December 31, 2024, the amount of the reductionin cost recovery as a result of disputed items thatshall be borne by PIREP is amounting toUS$3,440,311 (full amount). In the company's financial position report as ofDecember 31, 2024, management has made aprovision for bad debts amounting toUS$3,440,311 (full amount).e. Perkara hukum e. Legal casesi. Pelaksanaan Putusan ArbitraseInternational Court of ArbitrationInternational Chamber of Commerce (ICC)No. 24866/AYZ/ELU bertanggal 2November 2022i. The Execution Arbitration Award ofInternational Court of ArbitrationInternational Chamber of Commerce (ICC)No.24866/AYZ/ELU dated November 2, 2022National Oil Company Libya (%u201cNOC%u201d) sebagaiClaimant telah menggugat/mengajukanpermohonan arbitrase di InternationalChamber of Commerce (%u201cICC%u201d) terhadapPertamina E&P Libya Ltd (%u201cPEPL%u201d) selakuResponden 1 dan PT Pertamina (Persero)(%u201cPertamina%u201d) selaku Responden 2, ataspelaksanaan 2 (dua) buah Exploration andProduction Sharing Agreement (%u201cEPSA%u201d)tertanggal efektif 10 Desember 2005 di Blok17-3 Sirte (offshore) dan Blok 123-3 Sabratah(onshore). Pertamina digugat dalamkapasitasnya selaku Guarantor ataskewajiban PEPL berdasarkan masing-masingEPSA. NOC mengklaim PEPL memilikikewajiban pembayaran sejumlah penaltikontraktual sebagai akibat tidakdilaksanakannya sisa minimum explorationcommitment berupa exploration programselama masa eksplorasi berdasarkan masingmasing EPSA.National Oil Company Libya (%u201cNOC%u201d) as theClaimant has submitted claim/request forarbitration at the International Chamber ofCommerce (\Ltd (\(\(two) Exploration and Production SharingAgreement (%u201cEPSA%u201d) which have effective date10 December 2005 for 17-3 and 123-3 WorkingArea. Pertamina is bound in regard with itscapacity as Guarantor for PEPL's obligations ineach EPSA. NOC claims that PEPL hasobligation to pay a contractual penalties as aresult of not carrying out the remaining minimumexploration commitment in the form of theexploration program during the explorationperiod according to EPSA%u2019s