EnQuest expands presence in Malaysia as secures contract with Petronas
Christian Fernsby ▼ | December 4, 2019
EnQuest has gott the Block PM409 Production Sharing Contract (‘PSC’) in partnership with PETRONAS Carigali Sdn Bhd (‘PCSB’).
Oil in Asia EnQuest
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. ■
