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Could these two be on the radar?

Tembikai 2000bopd peak expected

Kampala - Banang - Meranti 10000 -13000 b/d

Https://www.upstreamonline.com/field-development/seascape-eyes-new-assets-advances-offshore-gas-project/2-1-1832229

• Fields: Tembakau and Mengkuang

• Estimated Recoverable Resources: The Tembakau field has been previously estimated to contain approximately 260 billion cubic feet (Bcf) of recoverable gas .

Tembakau Field Flow Rates

• Tembakau-2 Appraisal Well (2014):

o I20 Sand: Achieved a stabilized flow rate of 15.8 million standard cubic feet per day (MMscfd) over an 8-hour period on a 64/64-inch choke.

o I10 Sand: Recorded a stabilized flow rate of 15.9 MMscfd over an 8-hour period on a 72/64-inch choke.

o Gas Quality: The produced gas was dry with approximately 0.5% carbon dioxide content

Mutiara and Permata clusters is limited. These fields are categorized under Small Field Asset (SFA) Production Sharing Contracts and have recoverable reserves below about 30 million barrels of oil equivalent (mmboe) or equivalent gas volumes. These are typically smaller discoveries that don’t require large-scale infrastructure investments and can be developed more quickly and cost-effectively.

Fields: Tembakau and Mengkuang

Estimated Recoverable Resources: The Tembakau field has been previously estimated to contain approximately 260 billion cubic feet (Bcf) of recoverable gas .

Mutiara Cluster (Offshore Sabah)

Fields: Nymphe, Nymphe North, Kuda Terbang, Mutiara Hitam, Benrinnes

Characteristics: These are shallow-water gas discoveries located near existing infrastructure, suggesting potential for cost-effective development.

Estimated Size: While exact figures are not available, similar clusters in the region have been estimated to contain several hundred billion cubic feet (Bcf) of gas.

Temaris Cluster (Offshore Peninsular Malaysia)

Fields: Tembakau, Mengkuang

Characteristics: The Tembakau field, previously awarded under a Small Field Asset (SFA) Production Sharing Contract (PSC), was estimated to have recoverable resources of approximately 260 Bcf of gas.

Estimated Size: Given the inclusion of Mengkuang, the total recoverable resources for the Temaris Cluster could be higher, but specific estimates are not publicly available.

Permata Cluster (Offshore Sabah)

Fields: South East Collins, Lokan, Realgar, Axinit, Manikam

Characteristics: This cluster comprises multiple shallow-water gas discoveries near existing infrastructure, indicating potential for synergistic development.

Estimated Size: Specific resource estimates have not been disclosed, but the proximity to infrastructure suggests these fields are commercially viable

Mutiara Cluster (Offshore Sabah)

Fields: Nymphe, Nymphe North, Kuda Terbang, Mutiara Hitam, Benrinnes

Bid Closing Date: 13 March 2025

Fiscal Terms: Small Field Asset Production Sharing Contract Terms

Temaris Cluster (Offshore Peninsular Malaysia)

Fields: Tembakau, Mengkuang

Bid Closing Date: 13 March 2025

Fiscal Terms: Small Field Asset Production Sharing Contract Terms

Permata Cluster (Offshore Sabah)

Fields: South East Collins, Lokan, Realgar, Axinit, Manikam

Bid Closing Date: 16 June 2025

Fiscal Terms: Small Field Asset Production Sharing Contract Terms

Exploration Blocks

In addition to the DRO clusters, MBR 2025 offers five exploration blocks:

SB505 (Sandakan Basin, Sabah)

Bid Closing Date: 30 August 2025

Fiscal Terms: Enhanced Profitability Terms

PM507 and PM509 (Malay Basin, Peninsular Malaysia)

Bid Closing Date: 1 December 2025

Fiscal Terms: Enhanced Profitability Terms

PM443 and PM444 (Penyu Basin, Peninsular Malaysia)

Bid Closing Date: 1 April 2026

Fiscal Terms: Enhanced Profitability Terms

Awards for the Mutiara and Temaris clusters may be announced between June and July 202?

For the Permata Cluster, given its later bid deadline, the award announcement is expected to occur around September or October 2025?

Excited to see the announcement by Eni and PETRONAS today around an MoU to establish a JV for selected upstream assets in Indonesia and Malaysia. According to Eni, the JV will have ~500 kboepd production, 3 billion boe of reserves plus 10 billion boe of exploration upside.

Https://x.com/seascapeenergy/status/1891902237942919372?s=46&t=BSEla1cvuWG0VmhlMpZ7-w

On an AI project for work…

The Kertang prospect in Malaysia's Block 2A is estimated to contain approximately 9.1 trillion cubic feet (Tcf) of gas and 146 million barrels of natural gas liquids (NGLs), totaling around 1.7 billion barrels of oil equivalent (boe).

To estimate the potential value of these resources, we can consider current market prices:

Natural Gas: As of January 2025, natural gas prices are approximately $3 per million British thermal units (MMBtu). Since 1 cubic foot of natural gas equals about 1,037 BTUs, 1 Tcf is roughly equivalent to 1.037 billion MMBtu. Therefore, 9.1 Tcf would be approximately 9.44 billion MMBtu. At $3 per MMBtu, the gas could be valued at around $28.32 billion.

Natural Gas Liquids (NGLs): NGL prices vary, but a common benchmark is around $30 per barrel. With 146 million barrels, the NGLs could be valued at approximately $4.38 billion.

Combining these estimates, the total potential market value of the Kertang prospect's resources could be in the vicinity of $32.7 billion

Apologies for the typos.

Hi,

Can watch vide right now. Did they mention anything about deals in the pipeline? ie production/income deals.

Hopefully not too much longer. Then again what’s a few more weeks. Hasn’t James Menzies been around Block 2A since 2019? He must be very excited.

Ah, we need someone larger than BDO. Wishful thinking…

Ryan Ferguson BDO

I can't see it being any thing untoward from SEA.

Never a bad idea to take some profit. For me, I’ll wait this out. Too much in the pipeline to worry about a few drops along the way.

Potential news next two days?

For MBR 2024, there will be two DRO clusters off the coast of Peninsular Malaysia and three DRO clusters offshore Sabah, East Malaysia.

Bids for all the assets on offer are due to be submitted by 1 August, MPM intends to evaluate the bids during August and September with the aim of announcing the production sharing contract winners in October and signing the PSCs in December 2024.

Https://x.com/seascapeenergy/status/1841955943275250013?s=46&t=BSEla1cvuWG0VmhlMpZ7-w

Interesting that Sea highlighted Total in their tweet.

Could they be our partners?

Anyone nervous about tomorrow?

Hoping for good news re DRO and potential CPR.