Conrad Asia Energy Unit Enters Contract to Support Development of Gas Field in Offshore Indonesia

MT Newswires Live

May 08

Conrad Asia Energy's (ASX:CRD) West Natuna Exploration unit entered a binding contract with PT. Timas Suplindo for the provision of subsea umbilicals, risers, and flowlines to develop the Mako gas field in offshore Indonesia, according to a Friday filing with the Australian bourse.

The scope of the contract includes engineering, procurement, construction, installation, and commissioning-related support.

The project's total capital expenditure to first gas is an estimated $320 million, the company said.

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