Asset Report

North West Natuna (Ande Ande Lumut)

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23 January 2019

North West Natuna (Ande Ande Lumut)

Report summary

The Ande Ande Lumut oil field was discovered in 2000, and is located in the Natuna Sea, close to the Malaysia-Indonesia maritime border. It has lain undeveloped due to the challenges associated with developing the field's heavy crude. The development plan, approved in 2011, includes a wellhead platform linked to an FPSO vessel, and long-reach horizontal wells with electric submersible pump (ESP). The initial development plan only considered the development of the K-Sand reservoir. In June 2016, the Ande-Ande Lumut-4XST1 appraisal well proved that further reserves upside could be unlocked from the G-sand reservoir. Sanction of the project, initially expected in 2014, has been delayed due to the low oil price environment. In February 2016, Santos announced its intention to farm-out part of its stake in North West Natuna while maintaining its operatorship.

Table of contents

  • Key facts
    • Summary
    • Key issues
  • Location maps
  • Participation
  • Geology
  • Well data
  • Exploration
  • Reserves and resources
  • Production
    • Key development metrics
  • Infrastructure
    • Exploration costs
    • Capital costs
    • Operating costs
  • Fiscal and regulatory
    • Cash Flow
    • Discount rate and date
    • Inflation rate
    • Oil price
    • Global Economic Model (GEM) file
  • Economic analysis

Tables and charts

This report includes 20 images and tables including:

  • Key facts: Table 1
  • Index Map
  • Detail Map
  • Participation: Table 1
  • Well data: Table 1
  • Reserves and resources: Table 1
  • Reserves and resources: Table 2
  • Production: Table 1
  • Production: Table 2
  • 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 01/01/2020
  • Remaining Revenue Distribution (Discounted at 10% from 01/01/2020)
  • Remaining PV Price Sensitivities
  • Costs: Table 1
  • Costs: Table 2

What's included

This report contains:

  • Document

    North West Natuna (Ande Ande Lumut)

    PDF 6.70 MB

  • Document

    North West Natuna (Ande Ande Lumut)

    XLS 318.00 KB

  • Document

    North West Natuna (Ande Ande Lumut)

    ZIP 6.65 MB

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