Favorable gas market for Mako Field development offshore Indonesia

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.

May 24, 2022

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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.