SundaGas Offshore Timor-Leste Farm-in Opportunity

Opportunity Summary:
SundaGas is seeking a partner for funding an appraisal well on the 1998 Shell Chuditch-1 gas discovery in 65m of water. Chuditch has assessed gross Pmean Contingent Resources of 1.16 trillion cubic feet of gas. Significant running room in the 3,571 sq km TL-SO-19-16 PSC where three significant prospects have been mapped on 3D seismic data. Robust project economics for delivery to the Asian markets. Multi-TCF gas resource potential on the block with excellent reservoirs.

Kalisat Energi Farm-out of LHLB PSC

Opportunity Summary:
PT Kalisat Energi Nusantara (KEN) seeks a partner to join the onshore Long Hubung Long Bagun (LHLB) PSC in the Upper Kutei Basin of East Kalimantan, Indonesia. The LHLB PSC was awarded to KEN on 18 May 2010 with a 100% Working Interest and following relinquishments the PSC covers 1,077 sq km. In 2015 156km of 2D seismic was acquired. KEN has identified two main prospects with significant resources of 3.5 TCF (P50) and 1.4 billion barrels of oil (P50).

Lion Energy East Seram PSC Opportunity

Opportunity Summary:
Lion Energy is inviting a partner to join it in the East Seram PSC, on and offshore Eastern Indonesia. The PSC contains extensions of 1.5 TCF Lofin Field, one of the largest SE Asia onshore discoveries in recent years, and the 20 million barrel Bula Field into the block. A well is planned in 2025 to test one of the high-impact fold belt prospects with up to 1 billion barrels of oil equivalent upside (P10) unrisked potential. Kobi is a standout prospect with mean resource potential of 488 million barrels of oil equivalent. Undrilled extension of Bula oil field and newly mapped shallow prospects offer opportunity for early production and cash flow.

Contact Moyes & Co. for full details:

Ian Cross
Managing Director, London-Singapore
icross@moyesco.com
+44 7398 815690

Maureen Macaulay
Manager A&D North America
mmacaulay@moyesco.com
+1.281.501.7110

KeyFacts Energy Industry Directory: Moyes & Co