Conrad Asia Energy has secured approval from the Minister of Energy and Mineral Resources (Kementerian ESDM) for its revised plan of development (POD) for the Mako gas field located in the South Natuna Sea, Indonesia. Compared to the initial POD, which was approved in 2018, the revised POD reflects a 458 per cent increase in contingent resources.
The revised POD is based on field contingent resources of 297 billion cubic feet and production of 120 million standard cubic feet per day.
Under the updated PoD, gas produced at the site will be exported to Singapore, through the West Natuna Gas Transportation System. Once evacuation routes to Indonesia are built, up to 25 per cent of gas produced will be earmarked for sale in the domestic market.
The Mako gas field is located in shallow water of the Duyung PSC and is operated by West Natuna Exploration Limited (WNEL), a subsidiary of Conrad. The project is expected to commence commercial production in 2024.