Petronas has assigned EnQuest an 85% operated interest in the production-sharing contract for block PM409.
(Courtesy EnQuest)
Block PM409 adjoins the company’s Seligi field production hub offshore Malaysia.
Offshore staff
LONDON – Petronas has assigned EnQuest an 85% operated interest in the production-sharing contract (PSC) for block PM409.
The 1,700-sq km (656-sq mi) concession is offshore Peninsular Malaysia in water depths of 70-100 m (229-328 ft) and in a proven hydrocarbon area containing various undeveloped discoveries.
It is also contiguous to EnQuest’s PM8/Seligi PSC, providing potential tieback opportunities to the company’s Seligi field production hub.
During the initial four-year exploration term, the company and partner Petronas have committed to drilling one well.
