Asset Report

Indonesia Kutei exploration basin

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04 April 2018

Indonesia Kutei exploration basin

Report summary

The Kutei Basin is the largest Cenozoic basin in Indonesia and covers an extensive area of onshore Kalimantan, extending into ultra-deepwater at the centre of the Makassar Strait. Future exploration is expected to focus on two main offshore plays that offer the majority of prospective resource: the shallow coastal waters of the Shelf play, and a deepwater Tertiary turbidite sandstone play. Gas discoveries are likely to be developed as feedstock to the Bontang LNG plant. Compared to other Indonesian basins, the basin has delivered the largest amount of resource discovered, and offers the largest future resource potential. However, the Kutei Basin has underperformed in terms of value creation among its peers over the past decade due to tough PSC terms and long project leads. Indonesia's 2018  licensing round includes six conventional blocks in the South Sumatra Basin: one under direct proposal and six under regular tender. Full details are available for download in pdf and xls format.

Table of contents

    • Play level data
    • Assumptions
    • Key issues include:
  • Location maps
  • Participation
    • Key licence holders
  • Geology
    • Wells drilled
    • Basin success rates
    • Volumes discovered
    • Prospective resource potential
      • Play inputs
        • Creaming curve and key play data
      • Model field pool size distribution
      • Existing discoveries and modelled prospective resource pool size distribution
  • Development
    • Recent discovery costs
    • Licensing
    • Fiscal terms
      • Gross Split PSC terms
    • Oil and gas prices
    • Outlook economics
      • Development value
        • Tertiary Shelf
        • Tertiary Deepwater
      • Prospect breakeven prices
        • Tertiary Shelf
        • Tertiary Deepwater
      • Expected monetary value (EMV)
    • Full cycle basin economics
      • Implied acreage value

Tables and charts

This report includes 62 images and tables including:

  • Value creation versus investment (TYP period)
  • Value creation versus investment (outlook)
  • Exploration history map
  • Exploration wells by play
  • Participation: Image 1
  • Expiry forecast of current licences
  • Key play characteristics
  • Tertiary Shelf
  • Tertiary Deepwater
  • Value creation, spend and volume discovered
  • Returns by drilling year
  • Key facts: Table 1
  • Key facts: Table 2
  • Summary and key issues: Image 3
  • Key companies: Table 1
  • Key well operators (TYP period)
  • Gross exploration wells completed by operator
  • Net exploration wells completed by participant
  • Company success rates and discoveries
  • Drilling activity by well type
  • Cumulative exploration wells by play
  • Discoveries and success rates
  • Discoveries by licence year and drilling year
  • Basin creaming curve
  • Key basin data
  • Volumes discovered by year
  • Average discovery size and volume per well by year
  • Top discoveries (TYP period)
  • Cumulative discoveries by play
  • Cumulative volumes discovered by play
  • Forecast data by play (outlook)
  • Costs: Table 1
  • Summary of discovery and development costs
  • Exploration and appraisal spend
  • Exploration spend per well and average well depth*
  • Indonesian 2008 model PSC terms - Tertiary Shelf and Deepwater plays
  • Brent and local oil price assumptions
  • Henry Hub and local gas price assumptions
  • Breakeven price versus prospect size
  • Value creation versus investment
  • Full cycle economic analysis
  • Tertiary Shelf
  • Tertiary Deepwater
  • Tertiary Shelf
  • Tertiary Deepwater
  • Tertiary Shelf
  • Tertiary Deepwater
  • Tertiary Shelf
  • Tertiary Deepwater
  • Average value of future discoveries and implied acreage value
  • Tertiary Shelf
  • Reserves and resources: Table 4
  • Tertiary Deepwater
  • Reserves and resources: Table 5
  • Value of potential discoveries
  • Unit value of potential discoveries
  • Value of potential discoveries
  • Unit value of potential discoveries
  • Breakeven price of exploration
  • Discount rate breakeven price sensitivities
  • Breakeven price of exploration
  • Discount rate breakeven price sensitivities

What's included

This report contains:

  • Document


    ZIP 2.45 MB

  • Document

    Indonesia Kutei exploration basin

    PDF 6.45 MB

  • Document

    Indonesia Kutei exploration basin

    ZIP 8.84 MB