Energy

Globaltec’s energy segment comprised of oil & gas exploration, production and services expertise. The Group is primarily focus on the development of coalbed methane (“CBM”) exploration & production in Indonesia.

The Group has a 55% interest in NuEnergy Gas Ltd ("NuEnergy"), a company listed on the Australian Securities Exchange (“ASX”). NuEnergy has a total of six (6) coalbed methane (CBM) production sharing contracts (“PSC”) in Indonesia, summarised as below:

Working Area Muara Enim Muara Enim II Rengat Tanjung Enim Muralim Bontang Bengalon
Date of PSC Signed 30th November 2009 1st April 2011 30th November 2009 4th August 2009 3rd December 2010 9th October 2012
Date of PSC Expiry 29th November 2039 31st March 2041 29th November 2039 3rd August 2039 2nd December 2040 8th October 2042
Participating Interest 40% (operator) 30% (operator) 100% (operator) 45% (operator) 50% (operator) 100% (operator)
Participating Interest 40% (operator) 30% (operator) 100% (operator) 45% (operator) 50% (operator) 100% (operator)
Co - Ventures 60% - Pertamina

40% - Pertamina

30% - Sugico
-

27.5% - Pertamina

27.5% - Bukit Asam
50% - Medco -
Original Acreage 652.60 km² 1,170.86 km² 2,995 km² 312.7 km² 982.7 km² 411.0 km²
Current Acreage 521.84 km² 995.1 km² 1,049.9 km² 249.1 km² 835.24 km² 368.93 km²
Resources
  • NSAI Gas In Place
3,056 BCF 4,715 BCF - 0.4 TCF 1.4 TCF -
  • NSAI Unrisked Net Best Estimate Prospective Resources
658 BCF 766 BCF - 0.1 TCF 0.7 TCF -
  • NSAI Unrisked Net Contingent Resources
1C - 0.8 BCF
2C - 0.8 BCF
2C - 0.8 BCF
- - 1C - 0.1 TCF
2C - 0.1 TCF
3C - 0.2 TCF
- -

Notes to all resource estimates in this table:

1
The estimated quantities of petroleum that may potentially be recovered by the application for a future development project(s) relate to undiscovered accumulations. These estimates have both an associated risk of discovery and a risk of development. Further exploration appraisal and evaluation is required to determine the existence of a significant quantity of potentially moveable hydrocarbons.
2
Estimated using probabilistic methods.
3
Reported as 100% net to the Company.
4
Classified and reported in accordance with guidelines set forth by the Society of Petroleum Engineers – Petroleum Resource Management System (SPE-PRMS).
5
Unadjusted for risk.
For more information, kindly visit nuenergygas.com