Asset Report
Block 16 (Sangu) (Ceased)
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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
- Summary
-
Key Issues
- Cairn entry into Bangladesh
- Cairn acquisition of Shell assets
- Cairn restructuring
- Santos farm-in
- Cairn's departure
-
Licence status
- 2011/2012 drilling campaign
- Sangu
- 2007/2008 drilling programme
- Seismic acquired
-
Sangu
- Initial development drilling
- Platform
- Processing facilities
- Exploration Costs
- Capital Costs
-
Operating Costs
- Gas
- Discovery/Production Bonus
- Cost recovery
- Production sharing
- Income tax
- Cash Flow
- Gas price
- Global Economic Model (GEM) file
- Cash Flow
Tables and charts
This report includes the following images and tables:
-
Index MapBlock 16 & Sangu Map
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Exploration Costs 2004 to 2012 (US$ million)Capital Costs Pre-2004 to 2012 (US$ million)Operating Costs 2005 to 2013 (US$ million)Cash Flow (US$)PV Table (US$)Summary Table (US$)Split of RevenuesCumulative Net Cash Flow - UndiscountedCumulative Net Cash Flow - Discounted at 10% from 01/01/2026
- 6 more item(s)...
What's included
This report contains:
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