OUR BUSINESS

     

 

  
             
 

Kangean PSC

 
kangean_map
 
Gross Reserves & Resources
Reserves
Contingent
 
1P
2P
3P
Resources
Oil (mmbbls)  
4
13
36
-
Gas (mmboe)  
131
230
335
11
Total (mmboe)  
135
243
371
11
 
Fiscal Terms
Original
2005-2010 Amendment
Post 2010 Extension
Profit split
 
  Gas
30%
30%
27.5%
  Oil
15%
15%
15%
First trance petroleum
None
20%
Inv. credit
  Gas
None
110%
  Oil
20%
20%
DMO
  Gas
None
25% @ market price
NA 25% of volume
  Oil
20%
25% @ 15% ICP
@ 15% of market price
Depreciation
   
  Gas
DDB - 14yrs
DDB - 25% 5 yrs
  Oil
DDB - 7 yrs
DDB - 25% 5 yrs
Effective tax rate
56%
56%
44%
Production bonus
US$ 5 mn @ 20 mbopd
US$ 1 mn @ cum 180 mmboe
 
US$ 10 mn @ 40 mbopd
US$ 1 mn @ cum 180 mmboe
 
US$ 40 mn @ 100 mbopd
US$ 1 mn @ cum 360 mmboe
Abandonment fund
None
Yes
 
 
   
   
Copyright 2005 Energi Mega Persada. Tbk