EnQuest awarded agreement for Block C in Brunei Darussalam
EnQuest PLC has been awarded a production sharing agreement (PSA) for Block C in Brunei by the Petroleum Authority of Brunei Darussalam (PABD).
EnQuest EP BV Ltd., a subsidiary of EnQuest, will initially be the sole operator of the PSA with the intention to subsequently, subject to contract, form a 50-50 joint venture company with Brunei Energy Exploration Sdn Bhd (BEE).
Once established, the joint venture will assume the role of operator for Block C and focus on finalizing the Merpati field development plan with a view to achieving a final investment decision within the next 2 years, the company said.
It is expected that the capital project will commence in 2027, with first gas from the field to be online in 2029.
Block C lies offshore Brunei Darussalam and hosts the condensate-rich gas discovered fields of Merpati, Meragi, and Juragan.
EnQuest intends to develop these fields in stages, beginning with Merpati field. The produced gas and liquids from the fields is targeted for use in the domestic market and the Brunei LNG plant, which supplies the international LNG markets.