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star energy
STAR ENERGY
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Natural Gas, 28.57%
Coal, 15.34%
Oil
51.66%
Geothermal, 1.32%
Hydro Power, 3.11%
Coal , 33%
Oil, 20% BIOFUELS, 5%
Geothermal, 5%
Biomass, Nuclear, HydroSolar Energy, Wind Power, 5%Coal Liquefaction
2%
NRE,17%
National (primary) Energy Mix of 2006(1 million BOE)
OPTIMIZING ENERGY
MANAGEMENT
National (Primary) Energy Mix of 2025(BaU Scenario) (5 million BOE)
National (Primary) Energy Mix of 2025 (Presidential Decree No. 5/2006) (3 million BOE)
Gas, 20.6%
Coal 34.6%
Oil,
41.7%
Geothermal, 1.1%
Mini/micro Hydro Power Plant, 0.1%
Power Plant, 1.9%
Target in 20251. Less than 1 for energy elasticity2. Optimized primary energy mix``
Gas, 30%
Source : Presidential Decree No.5/2006
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in GWh
No. Energy Sources 2006 2007 2008 2009 2010
1 Oil 28,009 9,104 5,978 4,350 4,950
2 Gas 27,063 47,293 55,827 63,577 65,912
3 Coal 54,659 60,091 65,836 72,173 81,341
4 Geothermal 6,539 10,030 10,426 11,666 13,154
5 Hydro 12,153 12,224 12,379 12,504 12,526
128,423 138,742 150,446 164,270 177,883Total
Source : The Electrical Power Supply Business Plan (RUPTL), PT PLN, 2006
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Indonesia’s Geothermal Fields
Wayang Windu Field
27.000 MWe of high temperature systems
1,182 MWe installed capacity
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Geothermal Road Map
2004 2008 2012 2016 2020 2025
807 MW(Productions)
2000 MW 3442 MW 4600 MW 6000 MW 9500 MW(Target)
1193 MWExisting WKP
1442 MWExisting WKP
1158 MWExisting WKP +
New WKP
1400 MWNew WKP
3500 MWNew WKP
GSDM, 2006
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I. Law No. 27/2003 on GeothermalII. Government Regulation No. 59/2007 on Geothermal EnterpriseIII. Ministerial Regulations
Ministry Regulation No. 02/2009The Guidelines for Geothermal Preliminary Survey
AssignmentMinistry Regulation No. 11/2008Mechanism for Determining of Geothermal Working Area
Ministry Regulation No. 05/2009Guideline for Electricity Pricing
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CHALLENGES & OPPORTUNITIES
HOW TO GET THERE – 4700 MW BY 2014> At least 1000 MW / year, Green field (US$ 2.5 – 3.0 M / MW)> How fast tender process can be performed, Readiness of Local Govt> How to attract the investors, not many players> Will need at least 20 units of Turbine / year, with capacity range from 10
up to 100 MW> Will need million feet of casing & tubing, 100 of wellheads (all long lead
lead items)> Drilling rigs availability> Human Resources
ON THE OTHER HAND – It can bee seen as opportunity..> Opportunity for investment> Player from abroad to participate> Turbine manufacturers get orders> The same for Casings, Tubing, Well head etc> Job opening
DO WE HAVE THE ANSWER ON THE ABOVE EXPECTATION IN THIS CURRENT ECONOMIC ENVIRONMENT
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star energy
STAR ENERGYProfile
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COMPANY VISION
TO BECOME : THE MOST RESPECTED, FASTEST GROWING ENERGY PRODUCER IN
INDONESIA BY CREATING COMPETITIVE AND BALANCED VALUE
FOR OUR INVESTORS, OUR EMPLOYEES,THE COUNTRY AND THE
COMMUNITY
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COMPANY MISSION
THE ROAD TO SUCCESS LIES IN GAININGTHE RESPECT OF, AND BEING THE PARTNERS
OF CHOICE FOR, ALL OF OUR STAKEHOLDERS.WE WILL WORK
DILIGENTLY TO GAIN THE RESPECT OF OUR INVESTORS, OUR EMPLOYEES, OUR
PARTNERS, THE COUNTRY AND THE COMMUNITY BY BEING THE BEST AT WHAT
WE DO
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BRIGHT STAR
BALANCE VALUE FOR STAKE HOLDERRESPECT PEOPLEINNOVATIVE AND ENTREPRENUERIALGO EXTRA MILESHONESTY AND INTEGRITYTEACH YOUR SELF DAILY
SAFETY, HEALTH AND ENVIRONMENTTEAM WORKAWARNESS OF COSTRELATIONSHIPS ARE IMPORTANT
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Star Energy Profile
STAR ENERGY established in April 2003.
On 18 September 2003, Star Energy purchased of 31.25 % stake and operating control in a producing oil and gas field, KAKAP PSC Block, in the Natuna sea.
In November 2004, Star Energy took over Magma Nusantara Ltd., which operate 110 MW geothermal power plan at Wayang Windu of West Java. Just finished with installation 2nd Unit for 117 MW and fully in commercial operation in March 2009. Current capacity now become 227 MW. Effective February 24, 2009 Magma Nusantara Ltd now became Star Energy Geothermal (Wayang Windu) Limited
At present, Star Energy also has 100% share in the exploration of Banyumas PSC Oil & Gas Block (Awarded in 2005), 100% share in the exploration of Sebatik PSC Oil & Gas (Awarded in 2006) Block of East Kalimantan, and 100% share in the exploration of Sekayu PSC Oil & Gas Block of South Sumatera (Awarded in 2007)
February 2009, awarded another Jailolo Geothermal field at Halmahera Regency of Maluku Province.
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Who Are We? -Star Energy Holdings Pte Ltd
Key Highlights
Experienced Operations Team & Market Leader in Project Delivery
Consistently beat budget production/ project delivery in the past few years
Experienced Operational and Project Management Teams
Subsurface excellence track record
SEHPL
Attractive Oil & Gas Portfolio With Significant Upside
Operator ship in three blocks
One producing block with 8.7 yr Reserve to Production ratio
Three promising exploration blocks located near other producing blocks
World-Class Geothermal Assets
100% working interest and Operator since 1994
400 MW contract through 2036
Near term expansion with Unit 2 under construction and Unit 3 & 4 in development
Operating Availability >98%; 24MWe steam/well
Financial Strength
Consistent operational profitability
Good liquidity ratios
Strong Capital Structure
Strong financial support commitment from Shareholders
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Star Group – Corporate Structure
31.25% working interest in Kakap PSC
100% working interest in
Banyumas PSC
100% Wayang Windu Project
100% working interest in
Sebatik PSC
100% working interest in
Sekayu PSC
Star Energy Holdings
Star Energy(Kakap)
Ltd.
Star Energy(Banyumas)
Ltd.
100% 100%100%
Magma Nusantara
Ltd
Star Energy Sentosa
(Sebatik) Ltd
100%
Star Energy (Sekayu) Ltd
75%
Shareholders include :Ashmore Holdings, more than US$ 50 billion in asset under management and portfolio of energy assets that include ex-Enron assets.Barito Pacific, one of the largest Indonesia conglomerates with market capitalization of Rp21 trillion
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Dili
PHILIPPINES
SOUTH CHINA SEA
PhilippinesMalaysia
THAILAND
Surabaya
Jakarta
Medan
Tanjungkarang
Palembang
Bengkulu
Padang
Pekanbaru
Kuala Lumpur
Yogyakarta
KANGEAN
BAWEANUjungpandang
Palu
Jayapura
I R I A N J A Y A
SULAWESI
B A N D A S E A
A R A F U R AS E A
C E L E B E S S E A
Indo
nesi
aPa
pua
New
Gui
nea
Kuching
Palangkaraya
Banjarmasin
Samarinda
BandarSeri Begawan
BRUNEIDARUSALAM
J A V A S E A
K A L I M A N T A N
S A R A W A K
SemarangBandung
Jambi
6° S
12° S
0°
12° N
6°NBanda Aceh
112° E100° E 106° E
Dili
0 500Kilometers
118° E 124° E 130° E 136° E
NIAS
BATU
SIBERUT
PAGAI
SINGAPORE
SINGKEP
BINTAN
BANGKA BELITUNG
ENGGANO
Pontianak
Kendari
BUTON
SUMBAWA
Kupang
FLORES
LOMBOK
Mataram
BALI
Denpasar
TANIMBAR
ARUKAI
Manado
Ambon
HALMAHERA
BURU
MISOOL
SULAPELENG
BIAK
YAPEN
KOLEPOM
SandakanKinabalu
S A B A H
SIMEULUE
Toba Lake
NATUNA
Balikpapan
P A C I F I C O C E A N
J A V A
ARUN
Pangkalanbrandan
SERAM
Dir:\Drawings\Wayang Windu\Jailolo.dsf
BATAM
PhilippinesIndonesia
SEBATIK PSC.
starenergy Star Energy
MAP LOKASI
I N D I A N O C E A N
KAKAP PSC.
BANYUMAS PSC.WAYANG WINDU
SEKAYU PSC.
Jailolo
Star Energy Location
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star energy
STAR ENERGYKakap
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Description of Kakap PSC
Located in Natuna Sea, Indonesia, 486 km NE of Singapore and 1247 km North of Jakarta.
Covers 2000 square kilometers in 2 separate blocks with 9 oil and gas fields (4 platforms and 5 subsea tie- backs).
Has long-term contract with GOI until March 2028 (original contract was from 1975 until 2005 and has been recently extended)
Current PSC parties include Star Energy (31.25%), Novus/Medco (25%), Premier (18.75%), Singapore Petroleum (15%) and Pertamina (10%).
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West Natuna Transportation System
CONOCOPHILLIPS INDONESIA BLOCK ‘B’ = 43.1 %PREMIER OIL – BLOCK ‘A’ = 36.9 %STAR ENERGY – BLOCK KAKAP = 20.0 %
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Description of Kakap PSC - Location Map
All fields located in South Kakap Block
Has 9 Producing fields (4 platforms and 5 subsea tiebacks)
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Facilities and Infrastructure - Schematic
All oil piped to FPSO for processing and storage
Gas processed at KF platform before shipping to Singapore via WNTS pipeline
Sales gas currently coming from KH and KRA fields
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Facilities and Infrastructure – FPSO
Start up
: March 1986Cargo Capacity : 650,000 BblsProcess Capacity
: 25,000 BOPDCurrent
: 2,250 BOPD20,000 BWPD
Staff
: 53Accomodation
: 87
$16.5 mm Refurbishment 2001-2004200
3
: $3.9 mm2004
: 2.4 mm
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Facilities and Infrastructure - Kakap Platforms
KH Platform
KF Platform KRA Platform
KG Platform
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star energy
STAR ENERGYWayang Windu
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Wayang Windu Power Station
Salak
Patuha
Darajat
Kamojang
Karaha Bodas
Wayang Windu
LOCATIONSPangalengan - West Java± 40 km south of Bandung
ELEVATIONS+1700 meter from sea level
AREA14,400 ha Resource area
96 ha Tea Plantation11.2 ha Forestry area
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Facilities Facilities –– Steam FieldSteam Field
Total Wells are 39 wells: - Reservoir temp. 260°C to 325°- Depth range 1300 m to 2500 m
14 Production Wells Supplying steam for Unit 15 Injection Wells Sufficient for Unit 1& Unit 25 Slim Holes3 Abandoned Wells6 Non-Commercial 2 temporary abandonment6 Production wells New wells for Unit 2
Steam Lines (17.5 km, 36”, 42”, & 48” dia.)Operating pressure 10 to 14 barOperating temperature 190°C
Injection Lines (16 km, 18”,24” & 30” dia.)Operating pressure 10 bargOperating temperature 180°C
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Power StationPower Station
Turbine
manufacturer - Fuji Electric Co., Ltdoutput 110 MW and 117MW grossSingle casing, dual flow, double exhaustRated steam pressure 10.2 barRated steam temperature 180.7 °CLength of last stage blade 27 inch.
Generator UnitManufacturer - Fuji Electric Co., LtdSynchronous, Brush Less typeoutput 137,500 kVAvoltage 13.8 kV
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Main Transformer13.8 kV ~ 150 kV Capacity 92 / 134 MVA (ONAN / ONAF)
CondenserDirect contact, spray jet typeCirculating water flow 16,700 m3/hourSteam flow 718,663 kg/hour
Power StationPower Station
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Gas Removal System2 x 50% hybrid system type1 x 50 % ejector type (back up)NCG flow 14,667 kg/hour
Hot Well PumpVertical centrifugal canned typeCapacity 10,200 t/h, 2 x 50%
Power StationPower Station
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Cooling Tower Cooling Tower -- fans 2 x 8 Cellfans 2 x 8 Cell
Power StationPower Station
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FACILITIES-STEAM ABOVE GROUND FACILITY
SEPARATOR (Vessel)SEPARATOR (Vessel)Capacity 6 x 48 MWCapacity 6 x 48 MW
SCRUBBER (Vessel)SCRUBBER (Vessel)Capacity 4 x 65 MW Capacity 4 x 65 MW
UU--22UU--11
UU--11
UU--22
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2009 KEY ACTIVITIES
CONTINUE UNIT 3 WAYANG WINDU PROJECT, DESIGN FOR 120 MW SINGLE UNIT. COMPLETION TARGET BY 2012
DRILL SEBATIK PSC EXPLORATION BLOCK
DRILL SEKAYU PSC EXPLORATION BLOCK
GRAVITY SURVEY BANYUMAS EXPLORATION BLOCK
BEGIN WITH A SURVEY AND EXPLORATION ACTIVITIES IN THE NEW JAILOLO AREA
ACTIVELY PARTICIPATE IN THE COMING GEOTHERMAL TENDER BY GOVERNMENT
SEEKING APPOINMENT FROM GOVERNMENT TO PERFORM A STUDY FOR A GEOTHERMAL PROSPECT IN EAST JAVA PROVINCE
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Star EnergyYOUR PARTNER OF CHOICE
VISIT OUR WEBSITE : WWW.STARENERGY.CO.ID
THANK YOU
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