Coro exiting offshore Indonesia production sharing contract
April 16, 2025
Coro Energy has agreed to the conditional sale of its 15% interest in the Duyung production sharing contract offshore Indonesia to Conrad Asia Energy subsidiary West Natuna Exploration.
Coro Energy has agreed to the conditional sale of its 15% interest in the Duyung production sharing contract offshore Indonesia to Conrad Asia Energy subsidiary West Natuna Exploration, according to an April 10 Conrad news release.
Assuming approval for the transfer from Indonesia’s Ministry of Energy and Mineral Resources, Coro Energy plans to focus fully on renewable energy projects in Vietnam and the Philippines.
Duyung, in the West Natuna Sea, contains the Mako gas discovery, with estimated 2C resources of 413 Bcf.
