Indonesia approves updated plan for Mako gas project
Indonesia’s ministry of energy and mineral resources has approved the updated plan of development (PoD) for the shallow-water Mako gas project in the West Natuna basin, project partner Empyrean Energy said on November 8.
The PoD was sanctioned by Indonesia's upstream regulator SKK Migas in September this year. Mako is licensed through the Duyung production sharing contract (PSC). It is estimated to contain 363bn ft3 of best-case contingent resources potential.
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Empyrean revealed on September 9 the revised PoD would entail two phases of development. Six wells will be drilled in the initial phase, while a further two wells will be delivered in the second phase. The first gas is expected in 2025.
Duyung PSC is operated by WNEL, a wholly-owned subsidiary of Conrad Petroleum's Indonesia-focused unit Conrad Asia Energy, which also operates the offshore Mangkalihat PSC in North Kalimantan province.
WNEL holds a 76.5% interest in the licence, with Empyrean owning 8.5% and fellow project partner Coro Energy owning 15%.