Asset Report
Malaysia Sarawak - Luconia-East Natuna exploration basin
Report summary
The Sarawak - Luconia-East Natuna Basin is located off the northern coast of Borneo and straddles the maritime boundary of Malaysia and Indonesia. It is one of the most prolific in SE Asia, with total resources of over 13.8 bnboe discovered to date. During the last decade, overall and commercial success rates were significantly higher than global average. Large gas finds in the shelf and deepwater in recent years indicate material remaining prospective resources. The enlarging gas supply/demand gap and sufficient infrastructure in the shallow waters of the basin support the commercialisation of future discoveries in the two shelf plays. However, gas-dominated deepwater discoveries will require significant investment and need to achieve low costs or higher gas price to deliver value. Shell, PETRONAS, ConocoPhillips, PTTEP, Murphy Oil and Mubadala are among the most active explorers in the basin. Full details are available for download in pdf and xls format.
Table of contents
-
Summary of commercial outlook
- Advantages:
- Challenges:
- Company activity
-
Prospective resources by play
- Oligocene-Miocene sandstones
- Shelf Miocene carbonates
- Deepwater Miocene Carbonates
- Prospective resource costs and underlying development assumptions
- Prospect economics -Oligocene-Miocene sandstones
- Prospect economics - Shelf Miocene Carbonates
- Prospect economics - Deepwater Miocene Carbonates
- Full-cycle basin economics
- Licensing
-
Fiscal terms
- R/C PSC terms for Oligo-Miocene sandstones and Shelf Miocene carbonates plays
- Deepwater PSC terms for Deepwater Miocene Carbonates play
- Oil and gas prices
Tables and charts
This report includes 30 images and tables including:
- Current acreage holders
- Unit value of potential discoveries
- Breakeven price of exploration
- Oligo-Miocene Sandstones
- Unit value of potential discoveries
- Breakeven price of exploration
- Shelf Miocene Carbonates
- Unit value of potential discoveries
- Breakeven price of exploration
- Deepwater Miocene Carbonates
- Brent and local oil price assumptions
- Henry Hub and local gas price assumptions
- Exploration plays map
- Key play characteristics
- Drilling activity by well type
- Discoveries and success rates
- Top 10 discoveries
- Creaming curve
- Prospective resource summary
- Creaming curve
- Prospective resource summary
- Creaming curve
- Prospective resource summary
- Oligo-Miocene Sandstones
- Shelf Miocene Carbonates
- Deepwater Miocene Carbonates
- Summary of discovering and development costs (TYP and Outlook)
- Typical shelf fiscal terms
- Typical deepwater fiscal terms
What's included
This report contains:
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