Asset report

Indonesia Kutei exploration basin

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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 activity is expected to focus on two main offshore plays that offer the majority of remaining yet to find: the shallow coastal waters of the Shelf play and an ultra deepwater Tertiary turbidite sandstone play. The Kutei Basin delivered the largest volume of new resource in Indonesia over the last decade and offers the largest future resource addition potential mostly from the deepwater play. However the Kutei Basin underperformed in terms of value creation due to tough PSC terms and long project leads. 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 contains

  • Document

    Indonesia Kutei.zip

    ZIP 3.70 MB

  • Document

    Indonesia Kutei exploration basin

    PDF 922.61 KB

  • Document

    Indonesia Kutei exploration basin

    ZIP 4.45 MB

Table of contents

  • Key facts
  • Summary and key issues
  • Location maps
  • Participation
  • Key companies
  • Geology
  • Exploration
  • Reserves and resources
  • Development
  • Costs
  • Fiscal and regulatory
  • Economic assumptions
  • Economic analysis

Tables and charts

This report includes 62 images and tables including:

Images

  • Value creation versus investment (TYP period)
  • Value creation versus investment (outlook)
  • Location maps: Image 1
  • Location maps: Image 2
  • Licensed exploration acreage
  • Expiry forecast of current licences
  • Summary and key issues: Image 3
  • Gross exploration wells completed by operator
  • Net exploration wells completed by participant
  • Drilling activity by well type
  • Cumulative exploration wells by play
  • Discoveries and success rates
  • Discoveries by licence year and drilling year
  • Basin creaming curve
  • Volumes discovered by year
  • Average discovery size and volume per well by year
  • Cumulative discoveries by play
  • Cumulative volumes discovered by play
  • Exploration and appraisal spend
  • Exploration spend per well and average well depth
  • Brent and local oil price assumptions
  • Henry Hub and local gas price assumptions
  • Value creation, spend and volume discovered
  • Returns by drilling year
  • Breakeven price versus prospect size
  • Value creation versus investment
  • Tertiary Deepwater
  • Tertiary Shelf
  • Tertiary Deepwater
  • Tertiary Shelf
  • 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

Tables

  • Key play characteristics
  • Key facts: Table 1
  • Assumptions
  • Key companies: Table 1
  • Key well operators (TYP period)
  • Company success rates and discoveries
  • Key basin data
  • Top discoveries (TYP period)
  • Forecast data by play (outlook)
  • Tertiary Deepwater
  • Tertiary Shelf
  • Costs: Table 1
  • Summary of discovery and development costs
  • Indonesian 2008 model PSC terms
  • Full cycle economic analysis
  • Average value of future discoveries and implied acreage value
  • Tertiary Deepwater
  • Tertiary Shelf
  • Economic analysis: Table 1
  • Tertiary Shelf
  • Economic analysis: Table 3
  • Tertiary Shelf
  • Reserves and resources: Table 4
  • Reserves and resources: Table 5

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