Asset Report
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 in the Makassar Strait. Future exploration drilling is expected offshore, where the majority of prospective resource lies: the shallow coastal waters of the Shelf play, and the Deepwater basin fan play. Compared to other Indonesian basins, the Kutei basin has delivered the largest amount of resource discovered. However, the Kutei Basin has underperformed in terms of value creation among its peers over the past decade, due to tough PSC terms, long project leads and small volumes discovered. This is set to change following recent acquisitions in the basin and the recent giant Geng North discovery. Exploration drilling in deepwater is ramping up, and the development of existing discoveries will be fast-tracked.
Table of contents
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Summary of commercial outlook
- Advantages:
- Challenges:
- Wells drilled
-
Prospective resources by play
- Tertiary Shelf
- Tertiary Deepwater
- Prospective resource costs and underlying development assumptions
-
Prospect economics
- Tertiary Shelf
- Tertiary Deepwater
- Full cycle basin economics
- Licensing
-
Fiscal terms
- Gross Split PSC terms
- Oil and gas prices
Tables and charts
This report includes 24 images and tables including:
- Exploration history map
- Top 10 discoveries 2013-2022
- Current acreage holders
- Tertiary Shelf
- Tertiary Deepwater
- Summary of discovery and development costs
- Full cycle economic analysis
- Indonesian 2008 model PSC terms - Tertiary Shelf and Deepwater plays
- Brent and local oil price assumptions
- Henry Hub and local gas price assumptions
- Exploration wells by play
- Key play characteristics
- Creaming curve
- Prospective resource summary
- Creaming curve
- Prospective resource summary
- Unit value of potential discoveries
- Breakeven price of exploration
- Expected monetary value (EMV) at Base price
- Unit value of potential discoveries
- Breakeven price of exploration
- Expected monetary value (EMV) at Base price
What's included
This report contains:
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