Asset Report
Corridor
Report summary
Corridor PSC is currently Indonesia's second largest gas-producing block. There are seven onstream gas fields: Suban, Sumpal, Dayung, Gelam, Letang, Tengah, and Rawa. The largest field is Suban, which is the only field that also produces liquids. Onshore South Sumatra Province, the Corridor PSC is nearby the South Sumatra, Lematang, and Rimau PSCs - all currently operated by Medco Energi. In recent years, the largest markets have been western Java through sales to PT Perusahaan Gas Negara (PGN); industry in southern Sumatra including the fertiliser company PT Pupuk Sriwidjaja (PUSRI); the Duri steamflood project in Riau Province/central Sumatra; and exports to Singapore via sales to Gas Supply Pte Ltd (GSPL), a wholly owned subsidiary of the Government of Singapore investment company Temasek.
Table of contents
- Key facts
-
Summary and key issues
- Summary
-
Key issues
- 20-year PSC extension approval
- 20-year PSC extension effective under cost recovery terms
- Medco Energi's acquisition of ConocoPhillips' operating interest
- Increase in estimated reserves
- Carbon capture and storage (CCS)
- Location maps
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Participation
-
Current participation
- 20-year PSC extension
- Medco acquires ConocoPhillips' Indonesian assets
-
Unitisation agreements
- Suban
- Gelam
-
Historical participation
- Original Production Sharing Contract (PSC)
- Conoco acquires Gulf Resources Indonesia
- Repsol acquires Talisman
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Current participation
- Well data
-
Exploration
- Recent activity
-
Historical activity
- Pre-1990
- 1990s
- Post-2000
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Reserves and resources
-
Reserves
- Liquids
- Gas
- Resources
-
Reserves
-
Production
- Liquids
- Sales Gas
- Emissions
-
Development
- Recent and future development
-
Historical development
- Initial oil development
- Gas development
- Initial concept
- Processing facilities
- Sumpal, Dayung, and Gelam
- Suban
- Letang Tengah Rawa Optimisation project
-
Infrastructure
- Liquids
-
Gas
- Gas gathering system
- Trans Central Sumatra Gas Pipeline
- South Sumatra-West Java Pipeline
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Costs
- Exploration Costs
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Capital Costs
- Facilities and Equipment
- Development Drilling
- Operating Costs
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Sales contracts
- Current sales contracts
- Export market - Singapore
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Domestic market
- PGN
- PUSRI
- Duri steamflood - Rokan PSC
- Energasindo
- PLN
-
Historical sales contracts
- PGN Java
- Chevron Pacific Indonesia (CPI) area (now Rokan PSC)
- PUSRI
- Dumai Refinery
- Energasindo
- Riau Province/central Sumatra
- Batam Island
- Gas swaps
- Singapore
-
Fiscal and regulatory
- Current PSC terms
-
Historical PSC terms
- Original PSC terms
- 2003 PSC extension terms
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Economic assumptions
- Cash Flow
- Discount rate and date
- Inflation rate
- Oil price
- Gas price
- Global Economic Model (GEM) file
-
Economic analysis
- Cash Flow
Tables and charts
This report includes 31 images and tables including:
- Key facts: Table 1
- Index Map
- Corridor Map
- Well data: Table 1
- Reserves and resources: Table 2
- Production: Table 1
- Production: Table 2
- Production Profile - Corridor PSC
- Costs: Table 1
- Costs: Table 4
- Sales contracts: Table 1
- Corridor PSC
- 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
- Remaining Revenue Distribution (Discounted at 10% from 01/01/2024)
- Remaining Present Value Price Sensitivities
- Participation: Table 1
- Reserves and resources: Table 1
- Infrastructure: Table 1
- Infrastructure: Table 2
- Infrastructure: Table 3
- Infrastructure: Table 4
- Costs: Table 2
- Costs: Table 3
- Sales contracts: Table 2
- Sales contracts: Table 3
- Sales contracts: Table 4
- Sales contracts: Table 5
What's included
This report contains:
