Asset Report
East Sepinggan (Merakes) (LNG)
Report summary
The Merakes gas field is located in the Kutei basin, offshore East Kalimantan at a water depth of 1,370 metres. It was discovered in October 2014, with an initial estimate of gas-in-place of 1.3 tcf. In January 2017, the Merakes-2 appraisal confirmed an upside, and the gas-in-place estimate was increased to 2.0 tcf. Operator Eni fast-tracked the development of Merakes, and the government approved a Plan of Development for Merakes in April 2018. In December 2018, the Merakes development was sanctioned as a tieback to the Jangkrik infrastructure. First gas is expected in 2021.
Table of contents
- Key facts
-
Summary and key issues
- Summary
- Key issues
- Location maps
-
Participation
- Recent Activity
- Historical Activity
- Well data
- Reserves and resources
-
Production
- Emissions
-
Development
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Key Development Metrics
- FPU
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Key Development Metrics
- Infrastructure
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Costs
- Exploration costs
- Capital costs
- Operating costs
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Sales contracts
- LNG prices
- Bontang LNG
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Fiscal and regulatory
- Gross Split PSC terms
- Original PSC terms
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Economic assumptions
- Cash Flow
- Economic analysis
Tables and charts
This report includes 20 images and tables including:
- Key facts: Table 1
- Index Map
- Detail Map
- Well data: Table 1
- Reserves and resources: Table 1
- Production: Table 1
- Production Profile
- 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
- Remaining Revenue Distribution (Discounted at 10% from 01/01/2024)
- Remaining PV Price Sensitivities
- Participation: Table 1
- Costs: Table 1
- Costs: Table 2
- Costs: Table 3
- Sales contracts: Table 1
What's included
This report contains:
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