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.
05.24.2022
