Asset Report
Block 16 (Sangu) (Ceased)
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.
Table of contents
- Key facts
-
Summary and key issues
- Summary
- Key issues
- Location maps
-
Participation
- Cairn entry into Bangladesh
- Cairn acquisition of Shell assets
- Cairn restructuring
- Santos farm-in
- Cairn's departure
- Geology
- Well data
-
Exploration
- 2011/2012 drilling campaign
- Historical activity
- Sangu
- South Sangu
- 2007/2008 drilling programme
- Seismic acquired
- Reserves and resources
- Production
-
Development
-
Sangu
- Initial development drilling
- Further development drilling
- Platform
- Processing facilities
-
Sangu
- Infrastructure
-
Costs
- Exploration Costs
- Capital Costs
- Operating Costs
-
Sales contracts
- Gas
-
Fiscal and regulatory
- Discovery/Production Bonus
- Cost recovery
- Production sharing
- Income tax
-
Economic assumptions
- 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:
- Key facts: Table 1
- Index Map
- Block 16 & Sangu Map
- Well data: Table 1
- Reserves and resources: Table 1
- Reserves and resources: Table 2
- Production: Table 1
- Production: Table 2
- Sales Gas Production
- Cash Flow
- Economic analysis: Table 2
- Economic analysis: Table 3
- Split of Revenues
- Cumulative Net Cash Flow - Undiscounted
- Cumulative Net Cash Flow - Discounted at 10% from 01/01/2024
- 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
What's included
This report contains:
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