Project Profile
Location: South Sumatra, Indonesia
Reserves: 256 Bcf of 2C resources and 205 Bcf of prospective resources (as of 31/12/2011)
Original Acreage: 312.7km2
Current Acreage: 250.2 km2
Gas in Place: 0.4 TCF
NSAI Unrisked Net Best estimate Prospective Resources: 0.1 TCF2
NSAI Unrisked Net Contingent Resources: 1C – 0.1 TCF2, 2C – 0.1 TCF2, 3C – 0.2 TCF2
This PSC was awarded by SKK Migas (formerly known as Badan Pelaksana Usaha Hulu Minyak dan Gas/Implementing Body of the Oil and Gas Upstream Activities) (BP Migas) 4 August 2009 for 30 years. The exploration period under the PSC is 6 years up to August 2015 and was given the extension for another 4 years up to August 2019.
The contract area comprises a total of 313 square kilometers (121 square miles) containing an average of 213 feet (65 meters) to 230 feet (70 meters) net coal thickness, low rank coal seams ranging in depth from 984 feet (300 meters) to 2,297 feet (700 meters) with an average reported gas content of 120 standard cubic foot/ton (“scf”).
With these geological and technical parameters, TE is among the CBM PSCs in Indonesia which have high potential for commercial CBM development and is close to existing oil and gas infrastructure and markets.
The block is close to the main South Sumatra pipeline. In 2011, two core wells were drilled, with encouraging results. In December 2011, a three-well pilot well campaign commenced with drilling expected to conclude by 1Q 2012. Dart is currently evaluating a pilot-to-power project to use gas produced from the three pilot wells. This will allow for early gas sales and assessment of production capacity prior to full field development. The Tanjung Enim block currently has 256 Bcf of 2C resources and 205 Bcf of prospective resources as certified by Netherland, Sewell & Associates Inc as of 31 December 2011.
Operators:
NuEnergy: Operator with 45% interest
Pertamina: 27.5% interest
Bukit Asam: 27.5% interest
Contractors:
Netherland, Sewell & Associates, Inc. (NSAI): Geological and engineering consultancy services (reserves estimation)