Tanjung Enim PSCCBM - Execution
|Location||South Sumatra Province - Indonesia|
|During Q2 of 2018, NuEnergy submitted the first POD for the Tanjung Enim PSC (POD I) to the Head of the Indonesian Special Task Force for Upstream Oil and Gas Business Activities (SKK Migas). After a final review, SKK Migas will submit it to the Indonesia Ministry of Energy and Mineral Resources for approval. This POD I submission represents a key regulatory milestone in the development of the Tanjung Enim PSC. The POD I submission also signifies the first CBM POD in Indonesia. The proposed POD I plans for the development in two target areas, in the north and south of the PSC covering ~ 33km2 (or 13% of the total PSC acreage) where NuEnergy has focused its exploration, drilling and pilot production activities over the last 8 years. The Indonesia Research and Development Center for Oil and Gas Technology (LEMIGAS) has confirmed and certified reserves totalling ~164.89 Bscf in these two target development areas.|
|Scope||Tanjung Enim PSC is located in Muara Enim Regency, South Sumatra Province. The area comprises a total of 121 square miles (313 square kilometers) 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 (scf)/ton.
With these geological and technical parameters, Tanjung Enim PSC is among the CBM PSCs in Indonesia which hava high potential for commercial CBM development and is close to existing oil and gas infrastructure and markets.
The Indonesia Research and Development Center for Oil and Gas Technology (commonly referred to as LEMIGAS) has confirmed and certified reserves totalling ~164.89 Bscf in these target development areas in May 2018.