MUARA ENIM PSC

Awarded on 30 November 2009 (30 Years Contract)

Contractors :
PT Trisula CBM Energy (1) 40% (Operator)
PT Pertamina Hulu Energi Metana Sumatera 2 (2) 60%
Current Acreage: 521.84 km2
Resources:
  • Gas In Place
 3,056 BCF (3)
  • 1C / 2C / 3C
 0.84 / 0.84 / 39.0 BCF (4)
  • Prospective
 658 BCF (3)
Exploration Data:
  • CBM Wells (drilled by NuEnergy Gas)
 3 wells
  • Seismic lines
 82 lines
  • Conventional oil and gas wells
 18 wells
Strategic Location:
  • Located about 45 – 60 km and 100 – 120 km from growing economy and industrial cities of Prabumulih and Palembang
  • Co-located Tanjung Enim PSC CBM operated by NuEnergy Gas providing opportunity for integrated development
  • About 25 km from major gas trunk lines to Java market and export to Malaysia and Singapore
Current Status:
  • NuEnergy has received an Acknowledgement Letter from the SKK Migas on 18 January 2021 that:
    • Confirms the discovery of natural gas in the Muara Enim Production Sharing Contract ("PSC") area.
    • Acknowledges the completion of the exploration firm commitments by NuEnergy in respect of the Muara Enim PSC; and
    • Allows NuEnergy to submit a plan of development (POD).
  • NuEnergy has received the approval from MEMR through SKK Migas for an additional exploration period until 17 September 2025 for its Muara Enim PSC. The extension will allow NuEnergy to carry out activities to determine the gas productivity of the PSC and to submit POD.

Notes:

(1) Subsidiary of NuEnergy Gas Limited
(2) Subsidiary of PT Pertamina (State Owned Oil and Gas Company)
(3) The resources estimates were certified by Netherland Sewell & Associates Inc, September 2012 and reported at net of NuEnergy Gas working interest. Gas in place estimate was reported at gross.
(4) The contingent resources estimates were certified by RPS Energy Consultants, March 2013 and reported at net of NuEnergy Gas working interest.