EnQuest expands presence in Malaysia as secures contract with Petronas

Under the terms of the PSC, EnQuest will operate the block with a participating interest of 85.0%, with PCSB owning the remaining 15.0%.

Topics: EnQuest Malaysia Petronas

Block PM409 measures approximately 1,700 km2 and is located offshore Peninsular Malaysia in water depths of 70 to 100 metres.

The block is in a proven hydrocarbon area containing several undeveloped discoveries and is contiguous to the Group’s existing PM8/Seligi PSC, providing low-cost tie-back opportunities to the Group’s existing Seligi main production hub.

Within the initial four-year exploration term of the PSC, the partners are committed to the drilling of one well. ■