Asset Report

Block 16 (Sangu)

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Report summary

Sangu is the first privately operated gas field brought onstream in Bangladesh, and the only producing offshore asset in the country. Following steep production decline from the main Sangu reservoir in 2006, the operator, Cairn Energy, downgraded reserves. Despite successful well interventions, production ceased in late-2013. Gas was sold directly to the Bangladesh power development board. This was the first instance where an IOC had been allowed to market gas directly to buyers in the country.

What's included

This report contains

  • Document

    Block 16 (Sangu)

    PDF 674.90 KB

  • Document

    Block 16 (Sangu)

    XLS 790.00 KB

  • Document

    Block 16 (Sangu)

    ZIP 1.34 MB

Table of contents

  • Key facts
    • Summary
    • Key issues
  • Location maps
    • Cairn entry into Bangladesh
    • Cairn acquisition of Shell assets
    • Cairn restructuring
    • Santos farm-in
    • Cairn's departure
  • Geology
  • Well data
    • 2011/2012 drilling campaign
    • Historical activity
    • Sangu
    • South Sangu
    • 2007/2008 drilling programme
    • Seismic acquired
  • Reserves and resources
  • Production
      • Initial development drilling
      • Further development drilling
      • Platform
      • Processing facilities
  • Infrastructure
    • Exploration Costs
    • Capital Costs
    • Operating Costs
    • Gas
    • Discovery/Production Bonus
    • Cost recovery
    • Production sharing
    • Income tax
    • Cash Flow
    • Discount rate and date
    • Inflation rate
    • Oil price
    • Gas price
    • Global Economic Model (GEM) file
  • Economic analysis

Tables and charts

This report includes 24 images and tables including:

Tables

  • Key facts: Table 1
  • Well data: Table 1
  • Reserves and resources: Table 1
  • Reserves and resources: Table 2
  • Production: Table 1
  • Production: Table 2
  • Cash Flow
  • Economic analysis: Table 2
  • Economic analysis: Table 3
  • Participation: Table 1
  • Costs: Table 1
  • Costs: Table 2
  • Costs: Table 3
  • Sales contracts: Table 1
  • Fiscal and regulatory: Table 1
  • Fiscal and regulatory: Table 2
  • Fiscal and regulatory: Table 3
  • Fiscal and regulatory: Table 4

Images

  • Index Map
  • Block 16 & Sangu Map
  • Sales Gas Production
  • Split of Revenues
  • Cumulative Net Cash Flow - Undiscounted
  • Cumulative Net Cash Flow - Discounted at 10% from 01/01/2018

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