Offshore staff
SUBIACO, Australia – WNEL and its co-venturers in the Duyung PSC offshore Indonesia have approved an updated plan of development for the Mako gas field in the West Natuna basin.
They have reached alignment with regulator SKK Migas on their proposals and have now submitted the development plan to Indonesia’s Ministry of Energy and Mineral Resources for approval.
WNEL has indicated that talks are under way with the regulator on termed gas sales agreements.
The revised plan involves a staggered development with six wells with dry trees in phase 1 and a further two wells in phase 2 following five years of production. The wells, will be drilled from a conductor support frame structure, bridge-linked to a leased mobile offshore production unit at the field, with sales gas transported via the West Natuna Transportation System pipeline to Singapore for delivery to the domestic market.
Firs gas should flow in 2025, with a 120 MMcf/d production plateau. Mako contains an estimated recoverable resources of 413 bcf.
WNEL, a 100%-owned subsidiary of Conrad Asia Energy Ltd, has a 76.5% interest in the PSC. Coro Energy holds 15% and Empyrean Energy 8.5%, which foresees total capex of $303 million, although this figure may change following FEED studies.
09.12.2022
