Conrad Asia Energy has officially approved the Final Investment Decision (FID) for the Mako Gas Project located in the Duyung PSC, offshore Indonesia. With a total estimated capital expenditure of $320 million, the development is now fully funded and rapidly transitioning into the execution phase, targeting first gas by the fourth quarter of 2027.
The initial development phase will consist of six offshore wells tied back to a leased Mobile Offshore Production Unit (MOPU). The infrastructure scope also includes a 59-kilometer, 18-inch subsea export pipeline to transport gas to the West Natuna Transportation System. With the FID now secured, Conrad has stated its immediate priority is the final award of key EPC and leasing contracts in the coming weeks, opening a massive, immediate window for the offshore supply chain.
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