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Asset Report

Seram Bula

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The Seram Bula Area is situated on the northeast coast of Seram Island, located west of West Papua. The block covers 35 km2, to a subsurface depth of 600 metres. Production from the Bula field began at the turn of the 20th century, with a number of companies exchanging operatorship through the last three decades. Development in the latter half of the last century centred primarily around Bula Lemun, both onshore and offshore. The Bula area was carved out from the rest of the Seram fields in 1985, and the current acreage was awarded as the Bula PSC in 1999. Production from the PSC has fallen significantly since 1990, down to below 400 b/d in recent years. This report includes an overview of trends and activities in the asset with analysis on cost, production, cashflow and fiscal terms.

Table of contents

  • Key facts
    • Summary
    • Key issues
  • Location maps
  • Participation
  • Geology
  • Well data
  • Reserves and resources
  • Production
    • Recent Development
    • Historical Development
    • Pre-2000
    • 2000 onwards
  • Infrastructure
    • Exploration Costs
    • Original PSC terms
    • 1999 PSC extension terms
    • 2018 PSC extension terms
    • Cash Flow
    • Discount rate and date
    • Inflation rate
    • Oil price
    • Other Assumptions
    • Global Economic Model (GEM) file
  • Economic analysis

Tables and charts

This report includes 19 images and tables including:

  • Key facts: Table 1
  • Index Map
  • Seram Bula Field Map
  • Participation: Table 1
  • Well data: Table 1
  • Reserves and resources: Table 1
  • 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 01/01/2023
  • Remaining Present Value Price Sensitivities
  • Costs: Table 1
  • Costs: Table 2
  • Costs: Table 3

What's included

This report contains:

  • Document

    Seram Bula

    PDF 8.40 MB

  • Document

    Seram Bula

    XLS 302.00 KB