At first blush the estimate looks analogous to the BRU estimate with a P50 roughly the same proportion to landmass as BRU’s so it’s not wildly out of whack. I’m glad it looks like they took the offshore part of the permit out of calculations this time around, much more credible. The only thing would be that Buru estimates only a portion of Derby is prospective (like only a portion of their own is) so it’s not as simple as using the 4000 km2 figure and assuming everything onshore is prospective (and filled to spill) like it appears they might have done, unless they’re just making the Laurel area appear bigger by hyping the “container” size. Buru estimate about 74% of onshore Derby is prospective meaning a p50 of 13.8tcf 341mmbbl or 3.45tcf 85.5mmbbl net to OBL subject to further farm out if that is the case.
Still big numbers any way you slice it though. I had been using about 8.4tcf/209mmbbl previously.
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huge numbers from independant report, page-14
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