Asset Report
West Madura and Poleng
Report summary
The West Madura PSC comprises a group of small fields offshore Java, while Poleng is a single oil and gas accumulation. PERTAMINA operates both West Madura and Poleng, although through two different subsidiaries. PERTAMINA Hulu Energy (PHE) operates West Madura, while PERTAMINA EP (PEP) is the operator of the adjoining Poleng. Both developments share production facilities and are supported by an onshore base and gas receiving facilities located in Gresik, East Java.The West Madura PSC began production in 1985, followed by Poleng in 1998. Gas from both developments is sold jointly into the East Java market, while crude is shipped to the Balikpapan refinery. 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 and key issues
- Summary
- Key issues
- Location maps
-
Participation
- Unitisation
- Well data
-
Exploration
- Recent Exploration
- Historical Exploration
-
West Madura
- Poleng
- Reserves and resources
- Production
-
Development
-
Recent development
- West Madura
- Poleng
-
Key development metrics
- West Madura
- KE-2 and KE-30
- KE-5 and KE-6
- KE-40
- KE-23
- KE-32 and KE-38
- KE-39 and KE-54
- KE-12 and KE-24
-
Poleng
- Wells
- Platform
- Supplier information
- Pipeline
-
Recent development
- Infrastructure
-
Costs
-
Capital Costs
- West Madura PSC
- Poleng
-
Operating Costs
- West Madura
- Poleng
-
Capital Costs
-
Sales contracts
- PLN
- Other GSAs
-
Fiscal and regulatory
- West Madura PSC
- Original PSC terms
- 2011 PSC extension terms
- Poleng
-
Economic assumptions
- Cash flow
- Discount rate and date
- Inflation rate
- Oil price
- Gas price
- Global Economic Model (GEM) file
-
Economic analysis
- Cash Flow
Tables and charts
This report includes 36 images and tables including:
- Key facts: Table 1
- Index Map
- West Madura PSC/Poleng Map
- Participation: Table 1
- Well data: Table 1
- Reserves and resources: Table 1
- Reserves and resources: Table 2
- Production: Table 1
- Production: Table 2
- West Madura PSC Production Profile
- Poleng Production Profile
- Infrastructure: Table 1
- Exploration Costs
- Sales contracts: Table 1
- Sales contracts: Table 2
- West Madura PSC
- 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 Revenue Distribution (Discounted at 10% from 01/01/2023)
- Remaining Present Value Price Sensitivities
- Poleng TAC
- Economic analysis: Table 5
- Economic analysis: Table 6
- Split of Revenues
- Cumulative Net Cash Flow - Undiscounted
- Cumulative Net Cash Flow - Discounted at 10% from 01/01/2023
- Remaining Present Value Price Sensitivities
- Costs: Table 2
- Costs: Table 3
- Costs: Table 4
- Costs: Table 5
- Costs: Table 6
- Costs: Table 7
What's included
This report contains:
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