Favorable gas market for Mako Field development offshore Indonesia
May 24, 2022
Coro Energy said a final investment decision could take place next year for the 495-Bcf Mako gas field in the West Natuna Basin offshore Indonesia.
Courtesy Coro Energy Plc Investor Update Q1 2022
Offshore staff
LONDON — Coro Energy said a final investment decision could take place next year for the 495-Bcf Mako gas field in the West Natuna Basin offshore Indonesia.
Conrad Petroleum operates the surrounding Duyung PSC (Coro 15%).
According to Coro, the present macro environment is creating the incentive for negotiations of the current heads of agreement for Mako to be finalized via a binding gas sales agreement. First gas could follow in 2025.
To date, six wells have been drilled on the field including two successful appraisal wells in fourth-quarter 2019. These flow tested at rates of 9 MMcf/d to 11.5 MMcf/d.
Mako is close to the West Natuna Transportation System, so there is potential to sell the gas into the Singapore market.
Courtesy Conrad Asia Energy Ltd.
Mako gas field is one continuous single tank of methane gas with insignificant impurities and a highly permeability reservoir with excellent productive capability, according to Conrad Asia Energy.
