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19 Pages

Indonesia Java Sea exploration basin


Indonesia Java Sea exploration basin

Report summary

Oil and gas exploration in the Java Sea Basin extends back to the late 19th century. The onshore and near-shore sectors are densely explored, and have an established network of production and transportation infrastructure.

In the last decade, exploration has targeted low-risk, near-field opportunities, yielding an average discovery size of less than 15 mmboe, though finds of just 1 to 2 mmboe were common. More remote parts of the basin remain under-explored and offer more material volume potential.

The mature operating environment offers explorers low-cost opportunities with potentially short lead times to production. However, the Indonesian regulatory system is cumbersome and often slows progress towards development. Fiscal terms are also onerous for many explorers. Indonesian regulators are actively reviewing the fiscal elements in an effort to stimulate upstream activity and incentivise exploration. New fiscal terms are expected to be released in Q3 2016.


What's included?

This report includes 2 file(s)

  • Indonesia Java Sea exploration basin PDF - 648.04 KB 19 Pages, 15 Tables, 17 Figures
  • Indonesia Java Sea.zip ZIP - 3.47 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
  • 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 onshore
        • Tertiary shelf
      • Expected monetary value
    • Full cycle basin economics

In this report there are 32 tables or charts, including:

  • Key facts
    • Play level 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
    • Location maps: Image 1
  • Participation
    • Licensed exploration acreage
    • Expiry forecast of current licences
  • Geology
    • Key play characteristics
  • Exploration
    • Drilling activity by well type
    • Discoveries and success rates
  • Reserves and resources
    • Top discoveries (TYP period)
    • Tertiary Onshore
    • Reserves and resources: Table 2
    • Tertiary Shelf
    • Reserves and resources: Table 3
  • Development
    • Tertiary Onshore
    • Tertiary Shelf
  • Costs
    • Summary of discovery and development costs
    • Exploration and appraisal spend
  • Fiscal and regulatory
    • Typical fiscal terms - Tertiary Onshore
    • Typical fiscal terms - Tertiary Shelf
  • Economic analysis
    • Economic analysis: Image 1
    • Economic analysis: Image 2
    • Unit value of potential discoveries
    • Economic analysis: Image 4
    • Unit value of potential discoveries
    • Economic analysis: Image 6
    • Tertiary onshore
    • Tertiary shelf
    • Full cycle economic analysis
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