Sale or farmout see us rerate again!!!28 Jul 2025 11:31
Conrad is currently advancing negotiations on the sale or farmout of some of its current 76.5% participating interest in the Duyung asset.
The timing of Mako’s FID and consequent first gas will be revised following finalisation of these deals.
“Mako is the first of many gas projects we aim to bring into commercial production from our existing portfolio of gas discoveries, which also include our Aceh gas resources where we hold four existing discoveries,” added Xynogalas.
“Asia has the fastest gas consumption growth in the world and continues to progress on its energy transition path away from coal. The resultant strong gas demand in Indonesia underpins the tangible value of our discovered resources and provides a compelling investment thesis for Conrad.”