Asset Report
Terengganu Area
Report summary
This report covers two active PSCs, one future PSC and two expired PSCs that covers production from this area from 1976 to 2034. The active PSCs are operated by ExxonMobil and includes production from multiple oil and gas fields off Peninsular Malaysia. The current active PSCs include the 2008 PSC, which covers the oil production from the southern fields, and the Gas PSC, which covers the northern gas fields and associated gas production from the southern fields. Oil production peaked over 360,000 b/d in 1994, but has since declined below 100,000 b/d in 2017. The operator started EOR programs across the fields to arrest production decline. Gas production from the Terengganu area feeds into the Peninsular Gas Utilisation (PGU) project and provides almost half of Peninsular Malaysia's gas supply.
Table of contents
- Key facts
-
Summary and key issues
-
Summary
- Summary
- Key issues
-
Summary
- Location maps
-
Participation
- 1976 EPMI PSC (expired)
- 1995 JV PSC (expired), 2008 PSC (active), and PM9 (outside scope of report)
- Gas PSC
- Well data
-
Exploration
- Geology
- Initial exploration
- 1990 onwards
-
Reserves and resources
- Liquids
- Gas
-
Production
- Liquids
-
Gas
- Emissions
-
Development
-
Recent and ongoing developments
- Enhanced Oil Recovery scheme
- Tapis EOR
- Guntong EOR
- Angsi Chemical EOR (CEOR)
-
Telok (2013)
- Key Development Metrics - Telok
-
Damar (2014)
- Key Development Metrics - Damar
- Besar (2017)
- Bindu non-associated gas & Palas gas cap
- Historic development
- Tapis (1977)
- Seligi (1997)
-
Guntong (1985)
- Guntong Hub Project
- Jerneh (1992)
- Lawit (1997)
- Bintang (2001)
- Angsi (2001)
-
Recent and ongoing developments
-
Infrastructure
- Liquids
- Gas
-
Costs
-
Capital Costs
- Oil development costs
- EOR
- Gas development costs
- Operating Costs
-
Capital Costs
-
Sales contracts
- Gas
-
Fiscal and regulatory
- EPMI 1976 PSC
- EPMI 1995 JV PSC
- 2008 PSC
-
Gas PSC
- Post 2026
-
Other Assumptions
- General Assumptions
- 1976 EPMI
- 1995 JV
- Gas PSC
-
Economic assumptions
- Cash Flow
- Discount rate and date
- Inflation rate
- Oil price
- Oil price
- Gas Price
- Global Economic Model (GEM) file
-
Economic analysis
- Cash Flow
Tables and charts
This report includes 63 images and tables including:
- Key facts: Table 1
- Index Map
- Detail Map
- Well data: Table 1
- Participation: Table 1
- Participation: Table 2
- Reserves and resources: Table 1
- Reserves and resources: Table 2
- Production: Table 1
- Production: Table 2
- 1976 PSC
- 1995 JV PSC
- Gas PSC
- 2008 PSC
- Gas PSC - Post 2026
- Infrastructure: Table 1
- Infrastructure: Table 2
- Costs: Table 1
- Costs: Table 2
- Costs: Table 3
- Costs: Table 4
- Sales contracts: Table 1
- Fiscal and regulatory: Table 1
- Fiscal and regulatory: Table 2
- Fiscal and regulatory: Table 3
- Fiscal and regulatory: Table 4
- Fiscal and regulatory: Table 5
- EPMI 1976 PSC (100% ExxonMobil)
- 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
- 1995 JV PSC (78% ExxonMobil, 22% Petronas Carigali)
- Economic analysis: Table 5
- Economic analysis: Table 6
- Split of Revenues
- Cumulative Net Cash Flow - Undiscounted
- Cumulative Net Cash Flow - Discounted at 10% from 01/01/2024
- 2008 PSC (50% ExxonMobil, 50% Petronas Carigali)
- Economic analysis: Table 8
- Economic analysis: Table 9
- 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
- Gas PSC (50% ExxonMobil, 50% Petronas Carigali)
- Economic analysis: Table 11
- Economic analysis: Table 12
- 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
- Gas PSC - Post 2026 (100% Petronas Carigali)
- Economic analysis: Table 14
- Economic analysis: Table 15
- 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
What's included
This report contains:
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