Project Profile
Value: Undisclosed
Location: Jambi sub-basin, southeastern Sumatra, Indonesia
Reserves: 23.1 million barrels of oil, 0.81 million barrels of condensate and 97 billion cubic feet of marketable gas (gross contingent resources (3C) of approximately as at Dec. 31, 2014)
Area: unknown
Start-up Year: -
The West Jambi block is an exploration block located in the Jambi sub-basin in southeastern Sumatra, Indonesia. A total of nine prospects and eight leads at the block have been independently studied for exploration potential. An independent 2015 report from international petroleum consultancy DeGolyer & MacNaughton estimates the West Jambi block as holding gross contingent resources (3C) of approximately 23.1 million barrels of oil, 0.81 million barrels of condensate and 97 billion cubic feet of marketable gas, as at Dec. 31, 2014. The Group has already carried out G&G studies at the block, and is currently completing the acquisition of 2D seismic. On May 2015, GSS Energy entered into an investment agreement with Ramba Energy to place a US$5 million investment to participate in Ramba\'s exploration programme at the West Jambi block in Sumatra, Indonesia. Two onshore wells in this block are expected to be drilled commencing in the second half of this year. On April 2015, RISC Operations Pty Ltd, an international petroleum consultancy company has revaluated 9 prospects and 8 lead wells at the West Jambi block and has identified approximately 426 million barrels of un-risked gross prospective potential oil equivalent and risked gross prospective oil potential of 83 million barrels.
Operators:
Ramba Energy: Operator with 100% interest
GSS Energy (investor, May 2015)
Contractors:
DeGolyer & MacNaughton: Independent 2015 report evaluating the reserves for the West Jambi block
RISC Operations Pty Ltd: Petroleum consultancy services