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16 Pages

Indonesia East Java exploration basin


Indonesia East Java exploration basin

Report summary

The East Java Basin has a long exploration history, stretching back to the late 19th century. Recent activity has typically focused on the well-explored shallow water play, and this sector is expected to attract the lions share of future exploration investment. Our forward-looking analysis is restricted to this play.

Husky Energy holds the largest acreage position. It is also the most active explorer, and together with JV partner CNOOC, added over 600 bcf of mostly commercial resource on the Madura Strait PSC between 2011 and 2013. These gas discoveries achieve very attractive returns. Tough fiscal terms limit the value creation potential from other, smaller finds.

Indonesia announced its annual licensing round in June 2016, including one block from East Java. Interest is expected to be limited unless the government introduces new fiscal incentives which it is currently debating, including flexible exploration commitments, tax holidays and biddable profit splits.


What's included?

This report includes 2 file(s)

  • Indonesia East Java exploration basin PDF - 654.67 KB 16 Pages, 11 Tables, 14 Figures
  • Indonesia East Java.zip ZIP - 2.63 MB

Description

Oil and gas exploration is an industry in constant motion, from technological breakthroughs to shifting supply and demand. The high costs of finding and developing new oil and gas fields that can be commercially developed has created a challenging atmosphere, with explorers increasingly seeing low returns, low value and slow progress.

This Exploration Basin report provides a detailed analysis of exploration of this basin, including discovery and development costs, location maps and information about licensing and fiscal terms. You'll also find information about discovery and development costs and full-cycle returns.

Explorers and advisors can use this report to understand the history and potential value of this basin.

Wood Mackenzie has access to historic data for over 450 basins and forecasts for more than 125 basins. We provide accurate information on the cost of exploration compared to the value of discoveries so that you can develop profitable strategies.

Our in-depth analysis gives you the information you need to navigate the ever-changing challenges of oil and gas exploration so you can make critical commercial decisions.

  • Key facts
  • Summary and key issues
    • Key issues include:
  • Location maps
  • Participation
  • Geology
    • Key play characteristics
  • Exploration
    • Wells drilled and success rates
  • Reserves and resources
    • Volumes discovered
    • Yet-to-find potential
      • Play creaming curve and key play data
  • Development
    • Yet-to-find costs and underlying development assumptions
  • Costs
  • Fiscal and regulatory
    • Licensing
    • Fiscal terms
  • Economic analysis
    • TYP and outlook economics
      • Prospect economics
        • Tertiary Shelf
      • Expected monetary value
    • Full cycle basin economics

In this report there are 25 tables or charts, including:

  • Key facts
    • Key play data
    • Assumptions
    • Price assumptions
  • Summary and key issues
    • Value creation versus investment (TYP period)
    • Value creation versus investment (outlook)
    • Summary and key issues: Image 3
  • Location maps
    • Exploration wells by play
  • Participation
    • Licensed exploration acreage
    • Expiry forecast of current licences
  • Geology
    • Geology: Table 1
  • Exploration
    • Drilling activity by well type
    • Discoveries and success rate
  • Reserves and resources
    • Top discoveries (TYP period)
    • Tertiary Shelf
    • Reserves and resources: Table 2
  • Development
    • Tertiary Shelf
  • Costs
    • Summary of discovery and development costs
    • Exploration and appraisal spend
  • Fiscal and regulatory
    • Typical fiscal terms
  • Economic analysis
    • TYP value creation, spend and volume discovered
    • Outlook value creation, spend and YTF volume
    • Unit value of potential discoveries
    • Prospect breakeven prices
    • Tertiary Shelf
    • Full cycle economic analysis
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