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Seascape Energy Asia (SEA) investor relations material
Seascape Energy Asia Investor Update summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Strategic positioning and market environment
Malaysia offers prolific hydrocarbon basins, strong data access, and a supportive regulatory environment, attracting major industry players and enabling agile operations for smaller companies.
High demand for gas in Malaysia, with shortages in Sarawak and Peninsular Malaysia, creates a favorable backdrop for rapid exploration and development.
Entry as operator in Malaysia in 2024, targeting significant growth and regional gas demand.
Over 200 undeveloped offshore fields and ~10 billion boe of stranded resources in Malaysia.
Extensive seismic and geological data coverage across mature and frontier basins.
Portfolio overview and asset highlights
The portfolio centers on key assets: Topaz/Temaris (Malay Basin), Dewa (Sarawak Basin), and Block 2A (Sarawak Basin), all in prolific geological settings.
Topaz/Temaris features the Tembakau field (246 BCF 2C resource), with significant upside in nearby prospects like Keladi and Alamanda, potentially creating a 1 TCF gas hub.
Dewa cluster comprises 12 gas fields, with >335 BCF recoverable, high-quality reservoirs, and plateau production targeted at 100 mmscfd.
Block 2A contains the giant undrilled Kertang structure (up to 9.1 TCF prospective resources), with additional upside in the toe thrust play, adjacent to recent major discoveries.
Certified 2C resources total 63 mmboe, with 281 mmboe of prospective resources.
Technical strengths and resource potential
Extensive access to seismic, well, and production data via the myPROdata database enables detailed prospect evaluation and de-risking.
Topaz/Temaris benefits from high-quality, stacked Miocene channel sands with excellent porosity and permeability, supporting strong flow rates and sweet gas quality.
Seismic amplitude analysis and analogs support the identification of new prospects and the extension of proven plays across the blocks.
Block 2A's Kertang structure is a large, well-defined four-way dip closure with direct hydrocarbon indicators and is analogous to other giant Sarawak fields.
CPR by Sproule ERCE (2024) assigns 9.1 TCF of unrisked mean prospective resources and 146 mmbbl of NGLs (~1.7 billion boe) to Kertang, with a ~20% chance of success.
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