EnQuest plc has expanded into Indonesia with the award of two production sharing contracts for Gaea and Gaea II blocks in Papua Barat (West Papua).
PARTNERS
The company said that the blocks presented a multi-trillion standard cubic feet unrisked resource potential, while Indonesia offered a “broad range of growth opportunities” across the full upstream lifecycle.
“This step further expands EnQuest’s South East Asian footprint, adding to the group’s growing momentum in the region, having recently secured an extension to its gas production in Malaysia and signing of an acquisition of Harbour Energy’s Vietnam business,” added the company.
EnQuest will be the operator with a 40% working interest, and work with the Tangguh joint venture (40% WI).
The JV comprises BP Exploration Indonesia Ltd, MI Berau B.V. (an INPEX and Mitsubishi joint venture company), CNOOC Southeast Asia Ltd, ENEOS Xplora Inc., Indonesia Natural Gas Resources Muturi, Inc. and KG Wiriagar Petroleum Ltd (a Mitsui company)) and PT Agra Energi Indonesia (20% WI).