Asset Report
East Sepinggan (Merakes) (LNG)
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
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
- Summary
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Key Issues
- Upstream development
- Recent Activity
- 2020s
- Historical Activity
- 2010s
- Emissions
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Key Development Metrics
- Wells and Subsea
- FPU
- Exploration costs
- Capital costs
- Operating costs
- LNG prices
- Bontang LNG
- Gross Split PSC terms
- 2 more item(s)...
- Cash Flow
Tables and charts
This report includes the following images and tables:
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Cash Flow (US$)PV Table (US$)Summary Table (US$)
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Split of RevenuesCumulative Net Cash Flow - UndiscountedCumulative Net Cash Flow - Discounted at 10% from 01/01/2026Remaining PV Price SensitivitiesIndex MapDetail MapParticipationReserves (2P) at 01/01/2026
- 7 more item(s)...
What's included
This report contains:
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