Gross Split Coaching

and
INDONESIAN OIL & GAS INSTITUTE

Chairman SKK Migas

Jakarta, April 30th 2019

 Gross Split Coaching

Background:
1.Investor Request to SKK Migas during International Roadshow
2.Vice Minister Instruction at 2nd April 2019

Goals:
To improve people understanding of the
Gross Split Scheme

Coaching Schedule :
Executive April 30th
Working Level May 2nd – 3rd
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 Indonesian Oil & Gas Institute

Mission/Objective:
1.Center of Knowledge Upstream Oil & Gas Indonesia
2.Business & market Intelligence
Vision: 3.Provide trustable data for Increasing Upstream Oil &
Gas Investment
SKK Migas becomes 4.Long term management of Reserves, Lifting & Cost
Center of Excellence Efficiency
for Indonesian
Upstream Oil & Gas KEY DELIVERABLES :
1.Yearly Indonesia Upstream oil and gas outlook
2.Semesterly/Quarterly Publication
3.Monthly Focus Group Discussion
4.Benchmarking tools
5.On request advise or analysis
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 Indonesian Oil & Gas Institute Organisation Chart
IOGI Committee
Chairman/Vice Chairman/
Deputy SKK Migas

IOGI Chairman
Deputy of Planning

Chief Of Exploration & Chief of Production &

Development Support

Research Analyst Research Analyst

Field of Research: Field of Research:

1. Exploration, Exploitation, EOR & 1. Production ops & surface tech.
technology. 2. Legal & Formalities
2. Cost, Economics, Business Model 3. SCM & Human Capital
3. Market Intelligence

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Thank You

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 YET TO FIND DISCOVERIES

FROM PROVEN PLAY

IN COLLABORATION WITH ROSE ASSOCIATES

Jakarta, April 30th 2019

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 IOGI First Publication
BACKGROUND
• Indonesia has never published an Integrated Proven Play
• Indonesia has never published YET TO FIND DISCOVERIES
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• The last time Indonesia publish for Undiscovered Potential was in
1979-1980 by Pertamina GAS Nayoan et all, & Atik Suardy et al)
years years
• The last time Indonesia Published Petroleum System and Exploration
Efficiency was in 1995 by Pertamina (Howes, dkk) Undiscovered Proven Plays

SKK Migas will publish an integrated exploration play and it’s

potential which is YET TO FIND DISCOVERIES at end of 2019.

YET TO FIND DISCOVERIES FROM PROVEN PLAY In INDONESIA

WILL BE PUBLISHED FOR THE FIRST TIME TODAY

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 INDONESIA’S PROVEN PLAY & YTF
BACKGROUND of YTF: SPECULATIVE RESOURCES (1980) LONG TERM EXPLORATION STRATEGY

GOALS
FACTS
1. Finding Giant Discoveries ( >500 MMBOE recoverable) after 2022
 Indonesia has never done the compherensive
assesment for the Proven Play. 2. Decreasing cost/boe discoveries from 9 US$/boe to 5 US$/boe in 2023
 Last Published Research for Indonesia 3. Reducing survey & exploration drilling cost by 40% in 2023
Speculative Resources had defined + 82 BBOE 4. Increasing the Firm Commitment realization up to 100% in 2023 and Working Firm
from 60 Basins. Commitment (KKP) 100% every year.
5. Increasing the Exploration Investment Realization from 8% to 20% in 2023
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 INDONESIA’S PROVEN PLAY & YTF IN COLLABORATION WITH ROSE & ASSOCIATES
DATA: DISTRIBUTION & NUMBER OF INDONESIA’S PROVEN PLAY FROM ESDC METHOD: USING MONTE CARLO SIMULATION
West Natuna Tarakan
5 plays - 48 fields 5 plays - 20 fields
Legend:  Prediction of future possible
North Sumatra 4.357,25 MMBOE 2.244,36 MMBOE < 100 MMBOE
11 plays - 39 fields 100 – 1000 MMBOE volumes using successful
Kutai
10.343,03 MMBOE
7 plays - 53 fields 1000 - 5000 MMBOE analogue fields or statistical
Banggai
20.958,28 MMBOE 4 plays - 8 fields > 5000 MMBOE techniques
Pasir 1.285,23 MMBOE
1 play - 1 field  Identify where and to what
23,25 MMBOE
Central Sumatra objective future exploration
7 plays - 203 fields Barito activity should be directed.
31.288,89 MMBOE 4 plays - 10 fields
Bone
808,58 MMBOE
1 play - 4 fields
i.e. which areas or trends are
South Sumatra Bintuni
19 plays - 224 fields
124,99 MMBOE
6 plays - 6 fields (R&A Course Doc)
likely to become core future
South Makassar
15.040,05 MMBOE 1 play - 1 field 4.204,28 MMBOE productive areas.
Sunda 61,36 MMBOE Salawati
4 plays - 41 fields North East Java 5 plays - 60 fields
North West Java 9 plays - 23 fields 1.493,05 MMBOE
RESULT: INDONESIA YTF IHIP FROM PROVEN PLAYS
4.990,42 MMBOE
22 plays - 153 fields 1.607,98 MMBOE
Timor Sea Seram
4.990,42 MMBOE East Java 2 plays - 6 fields
North Central Java
1 play - 1 field
11 plays - 50 fields
1 play - 1 field
4.702,86 MMBOE 176,61 MMBOE RESULTS OF MONTE CARLO SIMULATION
4.449,79 MMBOE
46,43 MMBOE Crystal Ball Simulation of YTF IHIP prospect based on Indonesian FSD
INDONESIA HAS…
832 113 BBOE
19 126 DISCOVERED
PRODUCING BASINS PROVEN PLAYS FIELDS/STRUCTURES VOLUME INPLACE

SUMMARY:
52%
Total YTF
48%
4.3 BBOE
8.3 BBOE
4 BBOE Est. from 2 big fish/giant fields
est from 59 fields (Inplace >> 770 mmboe / RR >> 300
mmboe)

Potential Basin : North Sumatera, South Sumatera, North East Java, Kutai and
Pra-Tertiary Passive Margin 9
Thank You

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