Asset Report
Timor-Leste Bonaparte exploration basin
Report summary
The Timor Leste Bonaparte Basin is located in the Timor Sea, approximately 400 km northwest of Darwin, Australia and 100 km south of Timor Leste. Water depths vary from 100 to over 2,000 metres. Until recently, this area was known as the JPDA as a result of a long-running border dispute between Timor Leste and Australia. In August 2019, the two countries resolved the dispute by signing the Maritime Boundary Treaty, which involved the redrawing of their border and the abolition of the JPDA. A new licensing round was launched promptly thereafter. Explorers have historically focused on gas targets, but there are significant volumes of undeveloped gas in the area, so exploration in the near and mid-term is expected to focus on oil. This report provides a detailed analysis of exploration in this basin, including discovery and development costs, location maps, information about licensing and fiscal terms, evaluation of prospective resource volume and value potential.
Table of contents
- Key issues include:
- Wells drilled and success rates
- Volumes discovered
-
Prospective resource potential
- Mesozoic Oil
- Prospective resource costs and underlying development assumptions
- Licensing
-
TYP and outlook economics
- Prospect economics
- Mesozoic Oil
- Expected monetary value
- Full cycle basin economics
Tables and charts
This report includes 19 images and tables including:
- Commerciality index
- Exploration history
- Exploration wells by play
- Licensed exploration acreage
- Expiry forecast of current licences
- Key play characteristics
- Drilling activity by well type
- Mesozoic Oil
- Summary of discovery and development costs
- Exploration and appraisal spend
- Typical fiscal terms
- TYP value creation, spend and volume discovered
- Outlook value creation, spend and prospective resource volume
- Full cycle economic analysis
- Unit value of potential discoveries
- Prospect breakeven prices
- Mesozoic Oil
What's included
This report contains:
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