Coro Energy continues building its portfolio in Southeast Asia, striking a deal to
acquire 15% WI in the Duyung PSC offshore Indonesia from privately held West Natuna
Exploration Ltd, which is owned by Singapore-based Conrad Petroleum Ltd. and
London-listed Empyrean Energy. Located in the West Natuna Basin, the PSC
contains the undeveloped Mako gas field with 276 Bcf (97% methane) of gross
2C recoverable dry gas. Operator Conrad, which will retain 76.5% WI after
closing, has submitted a development plan......
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