Saka Energi was officially awarded the West Yamdena block, located in onshore/offshore Tanimbar Islands, 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 500,000. The minimum exploration commitments for the first three-year exploration period include three G&G studies and 1,000 sq km of 3D seismic acquisition, for a total value of USD 2.1 million. The West Yamdena block covers an area of approximately 8,200 sq km. The block is located between the Tanimbar Island Basin and the Banda Forearc Basin, with a small extension into the Bonaparte Basin to the south. There is no well drilled to date in the West Yamdena block. South-west of the block is Inpexâs giant Abadi gas field which has proven hydrocarbons in Jurassic sandstones of the Plover Formation. The regional geology suggests primarily Mesozoic targets for this block. The Plover Formation (Lower-Middle Jurassic) has been proven as a major gas reservoir in Australian Northwest Shelf, in addition to the Abadi field. Other potential reservoirs in the block could be turbidite sandstones of the Maru (Triassic) and Ungar (Upper Jurassic-Lower Cretaceous) formations.
Indonesia (Calder Graben (Bonaparte B.)) Abadi