The Belida PSC is located onshore South Sumatra, near PERTAMINA EP's cluster of fields in Prabumulih and Limau. It contains two small discoveries, Sungai Anggur and Cantik. The Plan of Development (PoD) for the Sungai Anggur oil and gas field was approved by the government in 2013. The Cantik gas-condensate field obtained PoD approval in early-2017, and both fields being developed jointly. The initial development involved re-entry of exploration wells and minimum production facilities. Production from the field started in 2020. However, we believe that infill wells will be drilled to increase output in the near-term. This report includes an overview of trends and activities in the asset with analysis on cost, production, cashflow and fiscal terms.