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The North Sumatra-Mergui Basin is a convergent basin which extends across the Malacca Strait and its coastal fringes in Sumatra, Peninsular Malaysia and Thailand. This report considers just the Indonesian territory.
The onshore sector is well-explored, with more than 250 exploration wells across more than 130 years. Most recent discoveries have been small (less than 3 mmboe), but the 276 bcf Benggala discovery (2012) proves material gas potential remains. The mature operating environment offers contractors low-cost development opportunities with potentially short lead times to production and we therefore expect the majority of future activity to target this play.
Notable explorers, including Repsol and Eni, operate acreage in deepwater, but we do not expect any exploration wells in the next few years. We also anticipate low drilling levels on the shelf - with Kris Energy the only company likely to spud an exploration well before 2018
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What's included?
This report includes 2 file(s)
Indonesia North Sumatra - Mergui exploration basin PDF - 627.36 KB 19 Pages, 15 Tables, 17 Figures
Indonesia North Sumatra - Mergui.zip ZIP - 3.43 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.
Wood Mackenzie's clients include every major player in the global energy, metals and mining industries. We are recognised as a leading authority by international and national energy, metals and mining companies, leading financial institutions, governments and government agencies. We work with a range of diverse teams within our clients, from strategy and policy makers, business developers and market analysts, through to corporate finance, risk teams and investors.
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Asset report | Jul 2016
Indonesia North Sumatra - Mergui exploration basin
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