EnQuest wins PSC bid in Indonesia
The Ministry of Energy and Minerals of Indonesia confirmed EnQuest as the winning bidder for Gaea and Gaea II, two Production Sharing Contract (PSC) blocks in Papua Barat, Indonesia. These blocks present a multi-Tscf unrisked resource potential for EnQuest and its joint venture partners.
EnQuest will be the PSC operator with a 40% working interest, working with its joint venture partners, the Tangguh Joint Venture (40% working interest, comprising BP Indonesia, MI Berau (an INPEX and Mitsubishi joint venture), CNOOC, ENEOS, Indonesia Natural Gas Resources Muturi, and KG Wiriagar and PT Agra Energi Indonesia (20% working interest).
The announcement marks EnQuest’s entry into Indonesia. The company recently secured an extension to its gas production in Malaysia and signing of an acquisition of Harbour Energy’s Vietnam business.
