Project Profile
Location: West Java, 200 km NW-SE trend and some 50 km into the offshore area, Indonesia
Area: 2,878 km2
Reserves: 330 – 640 Bscf (P50)
Start-up Year: 2015
The Citarum PSC is located onshore West Java at the southern margin of the Northwest Java Basin. The basin hosts of a series of oil and gas fields extending over a 200 km NW-SE trend and some 50 km into the offshore area. Several producing oil and gas fields are located immediately north of the block, including Jatinegara, Jatirarangon, Pasirjadi, Subang and Randegan. The block was un-drilled prior to award of the current PSC.
Exploration:
Exploration targets are identified in Miocene Parigi, Cibulakan and Baturaja, dominantly carbonate, formations and Oligocene Talang Akar clastic and Jatibarang volcaniclastic formations. From existing seismic data in the western part of the block (Jonggol area) a number of prospective wrench fault-controlled structures have been identified. The Pasundan-1 well has tested one of these prospects. Remaining prospectivity in this area is in smaller structures with P50 prospective resources in the range 60 – 120 Bscf (Operator’s estimates).
A new 865 km seismic survey over eastern areas of the PSC (Subang-Purwakarta, Sumedang and Majalengka areas) was completed in July 2010. In contrast to Jonggol the eastern areas are dominated by complex thrust terrains, within which several large prospective structures have been identified with P50 resources in the range 330 – 640 Bscf (Operator’s estimates). A field geology programme of mapping and sampling has recorded a number of oil seeps in the Majalengka area. The PSC Operator plans to drill three exploration wells in the eastern area of the block in 2011.
Operator:
Pan Orient Energy Corp: Operator with 69% interest
Sound Energy (previously named Sound Oil Plc): 20% interest
Bumi Parahyangan Energi: 11% interest