Oil & Gas Business > Exploration
Exploration Activity
Wain Block PSC geologically is located on Kutai basin which is one of prolific hydrocarbon producing basins in Indonesia. Historically, until 2005 five exploration wells had been drilled by Huffco / Virginia Oil Company (Vico) in this block. PT. Pandawa Prima Lestari drilled one exploration well, as part of its firm commitment.
PT. Pandawa Prima Lestari is now preparing to drill another exploration well to complete it’s first three years commitment (firm commitment). The second exploratory well is planned to spud in 2nd semester 2015.
The exploration activities since 16 January 2007 until now, are summarized below :
- Geological Surface Mapping & Geochemical Survey, Resistivity Shallow Survey - 1538 observation points (AFE 07-0001)
- Landsat Image Analysis, Seismic 2D Reprocessing - 499.63 km (AFE 07-0002)
- Seismic 2D/3D Acquisition (AFE 08-0001) & Processing (100 km & 20 km2) (AFE 08-0002)
- Exploratory/Wildcat Drilling 1 well South Karamba-1 (AFE 08-0003)
- Paleontology & Geochemical Laboratory Analysis of first Exploration Well, Passive Seismic, AVO Inversion – CWT (AFE 09-0002)
- Environmental Baseline Study Wain Block (AFE 10-0002)
- Petrophysical Analysis - 7 existing wells (AFE 12-0001)
We had SKKMIGAS approval on AFE Closed Out report for all exploration activities above.
Location :
Located onshore, eastern of Kalimantan island and part of Kutai Kartanegara Basin. This Block is located in 3 regions; Balikpapan, Penajam Paser Utara and Kutai.
Contract Area :
1,149.30 sq. Km.
Type of Contract :
Production Sharing Contract with oil equity split for: Government entitled to take and receive eighty percent (80%) after tax and Contractor entitled to take and receive twenty percent (20%) after tax. The gas equity split for Government entitled to take and receive seventy percent (70%) after tax. Contractor entitled to take and receive thirty percent (30%) after tax.
Term of Contract :
Thirty (30) years as effective date January 16, 2007.
FTP :
Ten percent (10%)
DMO :
DMO = Twenty five percent (25%) x Contractor share
DMO = Twenty five percent (25%) x Oil Price
Government Tax :
Forty four percent (44%)
Cost Recovery :
Applicable for the whole existing block
