Mubadala Petroleum was officially awarded the Andaman I block, located in the offshore area of northern Aceh, on 31 January 2018. The block was offered as part of the Conventional Oil and Gas Bidding First Round 2017 under the Direct Offer mechanism. The block will be operated under the new Gross Split fiscal terms. The base government/contractor split under Gross Split terms is 57%/43% for oil and 52%/48% for gas, subject to modifiers depending on the specific situation of the block. Signature bonus for the block was USD 750,000. The minimum exploration commitments for the first three-year exploration period include one G&G study and a 500 sq km 3D seismic survey, for a total value of USD 2.15 million. The Andaman I block covers an area of approximately 7,400 sq km. The block is primarily located within the deep water area of the South Sumatra Basin, with the western edge bounded by the Mergui Ridge. Data available for this area consist of 5,204 km of 2D seismic data (ranging from 1983 to 2008). The block has been estimated by Migas to have prospective resources of 402 MMbo. No well has been drill to date within the acreage. Potential source rock in the area is provided by the Bampo and Parapat shale formations. The lacustrine Parapat facies could be only locally distributed, whereas the Bampo Formation is expected to be widespread in the area. Based on previous drilling results and geochemical analysis in the area, the block is likely gas-prone. Exploration targets in the block could be clastic reservoirs of the Upper Oligocene Parapat Formation, Lower Miocene Bampo Formation and Middle Miocene Baong Formation, mostly in structural trap settings. Directly south of the block is the Andaman III PSC, awarded to Talisman (currently Repsol) in November 2009. Repsol acquired a 3,000 sq km 3D seismic survey in the Andaman III PSC in late 2017. The Andaman I block is located approximately 150 km northwest of the Jambu Aye Utara field in the Krueng Mane PSC, where development is being planned with first gas potentially in 2022.
Indonesia (North Sumatra B.) (It's a petroleum rights. Please summarize by yourself). In IHS database: Andaman III op. by REPSOL (100.0%) to be check.Jambu Aye Utara op. by HYOIL (85.0%, KOGAS 15.0%) to be check.Krueng Mane op. by HYOIL (85.0%, KOGAS 15.0%) to be check.