Operational Profile & Ownership
Operator
PT Sele Raya Belida 95% Participating Interest
Partner
CIEC 5% Participating Interest
Contract Term
12 December 2004 – 11 December 2034
Location
Muara Enim, South Sumatra, 95 km west of Palembang
Core Producing Assets
The Belida Block currently generates value through two flagship projects, both of which are fully integrated into Indonesia’s midstream infrastructure.
Core Producing Assets
Status
Producing since August 2018.
Infrastructure
Features a dedicated Crude Oil Transfer Line and Custody Meter Facility.
Market
100% of production is delivered via a 20 inch transmission line to PT Pertamina’s Refinery Unit III in Plaju.
Growth
Recent expansions include the Sungai Anggur Selatan development (POD approved 31 October 2025).
The Cantik Field Gas Focused
Status
First gas achieved in July 2020.
Capacity
Initial gas production rates of 2,200 MSCFD with estimated recoverable reserves of 9.655 BSCF.
Market
Secured by an 11-year Gas Sales Agreement (GSA) with PT Pertagas Niaga.
Proven Growth and Accelerating Production
The Belida Block has shown an extraordinary production surge over the last five years, particularly in oil output, demonstrating the effectiveness of recent field developments.
| Reserve Status: 01 January 2025 | ||
|---|---|---|
| BSCF Gas | MMSTB Oil | |
| P1 | 4.144 | 3.308 |
| P2 | 0.732 | 0.67 |
Production Trends 2021 - 2025
Future Upside & Exploration Potential
Beyond current production, the Belida Block holds significant "low-risk" exploration targets that can be quickly monetized using existing facilities.
Lembak Deep Talang Akar Reservoir
Strategically located adjacent to proven commercial fields Tepus, Pandan, and Petanang Lembak Deep strengthens our growth portfolio.
The area has identified 8 prospective leads with estimated unrisked recoverable resources of
These findings position Lembak Deep as a key contributor to future reserve expansion.
Lebong Area Baturaja Reservoir
Lebong Area presents a significant heavy oil opportunity with an estimated 500 MMBOIP (Original Oil in Place).
Initial well tests have successfully encountered pay zones up to 110 feet, confirming the reservoir’s substantial development potential.
Why Belida Block?
Proven Success
A track record of moving from discovery to "First Oil/Gas" efficiently.
Strategic Infrastructure
Direct tie-ins to Pertamina and Medco transmission lines ensure immediate cash flow for new discoveries.
Modern Data
All prospects are backed by modern seismic delineation, significantly reducing exploration risk.
Long Term Stability
With the PSC extending to 2034, there is a decade of runway for secondary recovery and deep exploration.