Asset Report
SK318 (LNG)
Report summary
SK318 is located approximately 180km offshore Sarawak, in water depths from 50-1000 metres. The licence was awarded to operator Shell in 2012. In April 2014, Shell announced the success of the first exploration well, with the Rosmari gas discovery. Later in July 2014, Shell announced its second exploration success with the Marjoram gas find. In February 2018, Shell announced the third gas discovery, the Timi field. It is understood that both Rosmari and Marjoram contain high levels of H2S and a combined CO2 level of less than 6%, while Timi is sweet gas. Shell announced FID on Timi in August 2021 and is developing the field through a tieback to Shell-operated F23 facilities. In September 2022, Shell announced FID for the joint development of Rosmari and Marjoram. The two fields will deliver gas to an Onshore Gas Plant owned by the upstream partners, from which processed gas will supply Petronas' Malaysian LNG in Bintulu.
Table of contents
- Key facts
-
Summary and key issues
- Summary
- Key issues
- Location maps
- Participation
- Well data
- Exploration
- Reserves and resources
-
Production
- Emissions
-
Development
- Timi
- Rosmari/Marjoram
- Infrastructure
-
Costs
- Capital costs
- Operating costs
-
Sales contracts
- Upstream gas price
- Fiscal and regulatory
-
Economic assumptions
- Cash Flow
- Global Economic Model (GEM) file
- Discount rate and date
- Inflation rate
- Gas price
- Oil price
-
Economic analysis
-
Cash flow
- Timi cashflow
- Rosmari/Marjoram Cashflow
-
Cash flow
Tables and charts
This report includes 32 images and tables including:
- Key facts: Table 1
- Index Map
- Detail Map
- Participation: Table 1
- Well data: Table 1
- Reserves and resources: Table 1
- Production: Table 1
- Production Profile - Timi
- Production Profile - Rosmari/Marjoram
- Fiscal and regulatory: Table 1
- Fiscal and regulatory: Table 2
- Fiscal and regulatory: Table 3
- Costs: Table 1
- Costs: Table 2
- Sales contracts: Table 1
- Sales contracts: Table 2
- Economic analysis: Table 1
- Economic analysis: Table 2
- Economic analysis: Table 3
- Split of Revenues
- Cumulative Net Cash Flow - Undiscounted
- Cumulative Net Cash Flow - Discounted at 10% from 01/01/2024
- Remaining Revenue Distribution (Discounted at 10% from 01/01/2024)
- Remaining PV Price Sensitivities
- Economic analysis: Table 4
- Economic analysis: Table 5
- Economic analysis: Table 6
- Split of Revenues
- Cumulative Net Cash Flow - Undiscounted
- Cumulative Net Cash Flow - Discounted at 10% from 01/01/2024
- Remaining Revenue Distribution (Discounted at 10% from 01/01/2024)
- Remaining PV Price Sensitivities
What's included
This report contains:
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