IPFest

PLAN OF DEVELOPMENT
NJ FIELD
OUR TEAM
Muhamad Ramadhani Agustinus Katon Antariksa Gigih Adi Pambudi M. Rizky Abdillah
Dir of Reservoir Dept Dir of Exploration Dept Dir of Drilling & Mutiara Dewi Dir of Commercial Dept
CompletionDept Dir of Production Dept
2
PLAN OF DEVELOPMENT NJ FIELD, BANDUNG, 2019
OUTLINE
01 Geological Findings and Review 05 Field Development Scenario
02 Reservoir Description & Simulation 06 HSE&CSR
03 Drilling 07 Local Content & Commercial
04 Production Facilities 08 Conclusion
3
Geological Finding
Reviews
Geological Summary
Geological Summary Lapangan Molazewu
Stratigrafi Regional Cekungan
Upper Cibulakan
Formation Target
Fm
Reservoir Target Sandstone
Structural Trap
Trap (Anticline And
Fault)
Target Depth
1613.12 m
TVDSS
Depositional Deltaic to Shallow

Environment Marine
5
Geological Summary
6
Depth Structure of NJ Field
Gas Water Contact :
(423.57m)TVDSS
Top Reservoir: -405.12 TVDSS
Gas Water Contact : -

508.93m)TVDSS
Top Reservoir: -503.36 TVDSS
7
Petrophysic of NJ Field
ZONE A
1. Permeability
2. Net Pay
3. PHIE
4. Sw
5. N/G
8
ZONE B
1. Permeability
2. Net Pay
3. PHIE
4. Sw
5. N/G
9
ZONE C
1. Permeability
2. Net Pay
3. PHIE
4. Sw
5. N/G
10
ZONE D
1. Permeability
2. Net Pay
3. PHIE
4. Sw
5. N/G
11
Hydrocarbon in Place
Reserves Categories For

Oil Reservoar P1 is 1.5x
from Radius of
Investigation (1363.35ft or
415.54908 meters)
12
Hydrocarbon in Place
13
Reservoir Description
Difference between Volumetric and Simulation
VOLUMETRIC SIMULATION
% DIFF
GIIP GIIP
2770 MMSCM 2767 MMSCM 0.106 %
15
Relative Permeability Curve
16
Graph of Pc vs Sw
17
Gas Rate Each Scenario
18
Cumulative Production Each Scenario
19
Drilling
Drilling Plan
21
Well Design
22
Casing Design
23
Cement Design
24
Drilling Time
25
Production Facilities
Map Location NJ Field
27
Production Process Schematic
28
Production Facilities Data
29
Field Development
Scenario
Difference between Volumetric and Simulation
VOLUMETRIC SIMULATION
% DIFF
GIIP GIIP
2770 MMSCM 2767 MMSCM 0.106 %
31
Scenario Details
Gp RF
No Scenario Objective
BSCF %
1 Base Case Do Nothing 21.46 21.98
Base Case + 1
2 Scenario 1 42.92 43.96
Infiil Vertical Well
Skenario 1 + 2
3 Scenario 2 87.89 90.01
Infiil Vertical Well
32
HSE & CSR
Health, Safety and Environment
STOP Cycle
Management of HSE System
34
Corporate Social Responsibility
1.Entrepreneur Training and Skills Training to

Community around Rising Star Energy
2.Rising Star Scholarship (RSS)
3.Health services to Community around Rising Star
Energy
35
Local Content &
Commercial
Local Content
NO DESCRIPTION % TKDN
1 Bit 0%
2 Drilling Mud 90 %
3 Casing 80 %
4 Cement 100 %
5 Accessories Cementing 15 %
6 Tubing 90 %
7 Well Head 80 %
8 Production Facilities Unit 20%
9 Manifold 60 %
10 Pipeline 60 %
Average TKDN
37
Commercial
Fiscal Regime PSC Cost Recovery Fiscal Regime PSC Gross Split
38
Commercial
PSC Contract Period 30 years PSC Contract Period 30 years
First Tranche Petroleum 20 % shareable

Contractor Split (Gas) Before Tax 48 %
Contractor Share Before Tax 30 %
Government Base Split Before Tax 52 %

Government Share Before Tax 70 %
Tax Rate 40 %
Tax Rate 44 %
Depreciation Straight line 4 years Depreciation Straight line 4 years
Cost Recovery PSC Tems and Condition Gross SPSC Tems and Condition
39
Commercial
PSC Contract Period 30 years PSC Contract Period 30 years
First Tranche Petroleum 20 % shareable

Contractor Split (Gas) Before Tax 48 %
Contractor Share Before Tax 30 %
Government Base Split Before Tax 52 %

Government Share Before Tax 70 %
Tax Rate 40 %
Tax Rate 44 %
Depreciation Straight line 4 years Depreciation Straight line 4 years
Cost Recovery PSC Tems and Condition Gross SPSC Tems and Condition
40
Commercial
The Comparison of Indicator Gross Split and Cost Recovery
41
Commercial
Chart Contractor NCF Chart Contractor NCF

30,000 20,000
THOUSANDS
THOUSANDS
20,000
10,000
10,000
0
2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
0
CONTRACTOR NCF (US $)
CONTRACTOR NCF (US $)

2019
2020
2021
2022
2023
2024
2025
2026
2027
2028
2029
2030
2031
2032
2033
2034
2035
2036
2037
2038
2039
2040
2041
2042
2043
2044
2045
2046
2047
2048
-10,000
-10,000
-20,000
-20,000
-30,000
-30,000
-40,000 -40,000
-50,000 -50,000
YEAR YEAR
Chart Contractor NCF Scenario 2 (Cost Recovery) Chart Contractor NCF Scenario 2 (Gross Split)
42
Commercial
Graph of Sensitivity (NPV Vs Sensitivity) Graph of Sensitivity (NPV Vs Sensitivity)

3 72000
Thousands
x 10000000
2 62000
2 52000
NPV @ DR=10%, US$
NPV @ DR=12%, US$

1 42000
GAS PROD
GAS PRICE
1 32000
INV
0 22000
80% 90% 100% 110% 120%
-1 12000
GAS PRODUCTION GAS PRICE INVESTMENT
-1 2000
75% 85% 95% 105% 115% 125%
Sensitivity Sensitivity
Sensitivity NPV Scenario 2 (Gross Split) Sensitivity NPV Scenario 2 (Cost Recovery)
43
Commercial
Graph of Sensitivity ( IRR vs Sensitivity ) Graph of Sensitivity ( IRR vs Sensitivity )
50% 50%
45% 45%
GAS PRODUCTION40% GAS PRICE INVESTMENT 40%
35% 35%
ROR@ DR=12%
30%
IRR@ DR=12%
30%
25% GAS PROD

25%
GAS PRICE
INV
20%
20%
15%
15%
10%
10%
5%
5%
0%
80% 85% 90% 95% 100% 105% 110% 115% 120% 0%
75% 80% 85% 90% 95% 100% 105% 110% 115% 120%
Sensitivity Sensitivity
Sensitivity IRR Scenario 2 (Gross Split) Sensitivity IRR Scenario 2 (Cost Recovery)
44
Commercial
INDICATOR PSC COST RECOVERY
CASE SCENARIO 2
NCF CONT 249,896,100.82
NPV CONT 20,307,759.0929
GOV SHARE
320,669,895.33
POT 10.26
IRR 13.27%
PIR 5.97
DPIR 0.49
Indicator Minimum Economic Gas Price + 1 USD
45
Conclusion
Conclusion
1. This field is located in the Ciputat Sub-Basin ,NJ Field is an onshore field located in
Harjamukti Village, Pondok Gede District, Bekasi City with 4 layer of reservoir zone there
are Zone A to D that included in Upper Cibulakan Formation. The reservoir of NJ Field is
a sandstone from Upper Cibulakan Formation that associated with Deltaic facies in
shallow marine. Based on volumetric method, IGIP of the reservoir is 2770 MMSCM
2. Based on the Reservoir Analysis, NJ field is planned to be developed using scenario 2
with 1 existing wells + 3 vertical development wells. Under this scenario, NJ field lifetime
can last until 2047.
3. Based on the reservoir analysis, as of 2047, the total cumulative production of NJ field
gas was 87.88 BSCF with RF of 90 %.
4. Drilling type that used in NJ Field is vertical well. Vertical well is chosen because the
reservoir structure is anticline and the completion is above the Gas Water Contact. The
completion using single tubing completion and cased hole completion to prevent
collapse from the formation.
47
Conclusion
5. Gas rate with plateau rate in scenario 2 is 8.6 mmscf/d with 4 wells.
6. Production facilities for NJ field are consist of wellhead and x-mas tree, flowline,
manifold, separator, gas conditioning area, flare pit, compressor, pump, trunk line, and
water tank.
7. With assumption of the MARR value about 20%, only scenario 2 with Cost Recovery
PSC has good economic value to develop. So, the best scenario to be chosen is
scenario 2, because we can get high NPV value about 69,376,585,4 USD with the
highest rate of return 20,05% ,but to pay out time 7.29 year.
8. Based on the best scenario or PSC Scenario with NPV = 0, the minimum economic gas
price is 3.64975439588 USD. If this price + 1 USD, the indicator of economy will be NCF
Cont: 249,896,100.83 ; NPV Cont: 20,307,759.0929 ; GOV Share: 320,669,895.33 POT:
10.26 ; IRR: 13.27%; PIR: 5.97 and DPIR: 0.49.
48
Thank you!
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PLAN OF DEVELOPMENT

01 Geological Findings and Review 05 Field Development Scenario

02 Reservoir Description & Simulation 06 HSE&CSR

03 Drilling 07 Local Content & Commercial

04 Production Facilities 08 Conclusion

Stratigrafi Regional Cekungan

Reservoir Target Sandstone

Depositional Deltaic to Shallow

Gas Water Contact : -

Reserves Categories For

2770 MMSCM 2767 MMSCM 0.106 %

2770 MMSCM 2767 MMSCM 0.106 %

1 Base Case Do Nothing 21.46 21.98

Management of HSE System

1.Entrepreneur Training and Skills Training to

8 Production Facilities Unit 20%

PSC Contract Period 30 years PSC Contract Period 30 years

First Tranche Petroleum 20 % shareable

Contractor Share Before Tax 30 %

Government Base Split Before Tax 52 %

Depreciation Straight line 4 years Depreciation Straight line 4 years

PSC Contract Period 30 years PSC Contract Period 30 years

First Tranche Petroleum 20 % shareable

Contractor Share Before Tax 30 %

Government Base Split Before Tax 52 %

Depreciation Straight line 4 years Depreciation Straight line 4 years

The Comparison of Indicator Gross Split and Cost Recovery

Chart Contractor NCF Chart Contractor NCF

CONTRACTOR NCF (US $)

Graph of Sensitivity (NPV Vs Sensitivity) Graph of Sensitivity (NPV Vs Sensitivity)

NPV @ DR=12%, US$

GAS PRODUCTION GAS PRICE INVESTMENT

GAS PRODUCTION40% GAS PRICE INVESTMENT 40%

25% GAS PROD

INDICATOR PSC COST RECOVERY

NCF CONT 249,896,100.82

NPV CONT 20,307,759.0929

Indicator Minimum Economic Gas Price + 1 USD

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