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PT Sumatera Persada Energi

PT Sumatera Persada Energi (SPE), was incorporated in 2005 in response to opportunities in the upstream oil and gas sector of Indonesia. SPE is the first Indonesian owned Petroleum firm which has gone from green field to production. This prospectus will outline SPE’s company structure, core business, technical data on its reserves, financial standing and financial requirements

Operation and Core Business SPE was awarded the ‘West Kampar PSC’ by the Government of Indonesia (through SKKMIGAS, previously known as BPMIGAS) in OCT2005 for a total period of 30 years (OCT2035). Located near Riau and Pekanbaru, the PSC covers more than 1315.5 square km. It's positioned in the western margin of Central Sumatera basin, the most prolific HC based in Indonesia. The block is located about 120 kilometres from the city of Pekanbaru.

The block is located next door to the huge Minas and Duri Fields operated by Chevron. Minas and Duri Fields remain to be the largest oil producer in Indonesia with over 300,000 bopd production and reserves above 4 billion barrels oil remaining, or approximately about 50% of Indonesia’s oil reserves. They are also the largest Enhanced Oil Recovery (EOR) steam flood project in the world. SPE’s current producing field, Pendalian, and its exploration prospects and leads in West Kampar PSC are of the same trend to the Central Sumatera basin’s Minas and Duri discoveries.