With elevated energy demand and good fiscal terms, the outlook for Indonesia is positive.

Production sharing contracts allows full cost recovery for exploration wells before reducing the company’s revenue share, so investment can be recovered even with modest production rates and a low oil price environment. Indonesia is one of South East Asia’s most energy hungry economies.  This makes oil and gas exploration projects  attractive.

Sumatra is particularly attractive because it has a large, well-connected infrastructure network and an energy-hungry population.

Indonesia – our community commitment

Our JV partnerships in Indonesia also make significant contributions to their local communities, often with a focus on improving local community health and education opportunities, and local infrastructure.

WHAT WE DO

  • We work hard to ensure our values are reflected in the way we operate in our offshore activities.
  • We ask questions of our joint venture partners in Indonesia.
  • We take an active interest in the community engagement and community investment plans for each project we are involved with.  

COMMUNITY INVESTMENT
Like exploration and production, community investment may take years to activate.
Community investment plans are developed following detailed local engagement including meeting with Kepala Desa (the local village head), and require final approval from the local Regency (local government). 

Through this engagement, affected communities’ social and environmental priorities are identified, such as providing clean water supplies to a village, or renovating local schools

 

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Sampang

2015 Mahato PSC

Mahato

2015 Mahakam Hilir PSC

Mahakam Hilir

Mahato

2015 Mahato PSC
12.5 % Cue Energy *

* New Zealand Oil & Gas has a 50.04 per cent interest in Cue Energy.

Early exploration
Seismic
Further Evaluation
Drilling
Appraisal
Development
Producing

Project Status: Further Evaluation

Permit Overview

The 5,600-square kilometer Mahato PSC is located in the Central Sumatra basin close to several producing oil fields. The Mahato PSC covers a highly prospective area, close to several large producing oil fields. Multiple appraisal and exploration opportunities have been mapped.

Permit Activity

The permit has a minimum work commitment of a well and 2D seismic acquisition by July 2018. The operator, Central Sumatra Energy, has advised Cue that all required permits have been received to enable the drilling of a well in the Petapahan area. Pending partner agreement and the signing of a JOA, a well could be drilled by the first quarter of 2018.

 

 


Mahato News

Mahato PSC update

Posted on 26 February 2020

New Zealand Oil & Gas subsidiary, Cue Energy Resources (ASX:CUE), has provided an update that it has become aware that a tender has been released for the rental of oil production facility equipment for the Mahato PSC, this is attached.


Cue has a 12.5% interest in the Mahato PSC. New Zealand Oil & Gas has a 50.04% interest in Cue.

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Mahato Exploration Well Update

Posted on 17 December 2019

New Zealand Oil & Gas subsidiary, Cue Energy Resources (ASX:CUE), has provided an update related to the Mahato exploration well, this is attached.
Cue has a 12.5% interest in the Mahato PSC. New Zealand Oil & Gas has a 50.04% interest in Cue.

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Mahato Exploration Well Update

Posted on 10 December 2019

New Zealand Oil & Gas subsidiary, Cue Energy Resources (ASX:CUE), has advised that the PB-1 exploration well has been drilled in the Mahato production sharing contract, onshore central Sumatra, Indonesia.

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