Conrad awards SURF contract for Mako field to Timas Suplindo

Conrad Asia Energy subsidiary West Natuna Exploration has awarded the subsea umbilical, flowline and riser (SURF) declaration for the Mako state tract offshore Indonesia to Timas Suplindo.

The worth of the engineering, procurement, operation and installation declaration has not been disclosed by Conrad Asia, which is listed connected the Australia Securities Exchange.

Located successful the Natuna Sea, the Mako state tract is afloat appraised and portion of the Duyung accumulation sharing declaration (PSC) area.

Conrad Asia is the relation of the Duyung concession.

The scope of Timas Suplindo’s declaration includes the verification of the existing front-end engineering and plan and the implementation of elaborate plan for the SURF system. This encompasses flowlines, export pipelines, subsea structures, risers and umbilicals, arsenic good arsenic each installation engineering.

In presumption of procurement, the statement specifies that Timas Suplindo volition negociate each required materials including enactment pipes, umbilical, subsea accumulation power systems (SPCS) and valves.

The operation and fabrication signifier of the declaration volition spot the assembly, coating, inspection and investigating of assorted subsea components.

The proscription and installation scope of the declaration involves the load-out, transport and offshore set-up of export pipelines, flowlines, risers, subsea structures, tie-ins and umbilical.

Pre-commissioning and commissioning enactment from Timas Suplindo volition see activities specified arsenic cleaning, gauging, hydrotesting, dewatering and leak testing.

Additionally, the Indonesian institution volition assistance West Natuna Exploration during the commissioning and start-up phases.

Conrad Asia managing manager and CEO Miltos Xynogalas said: “Securing this statement is simply a large milestone for the Mako task and underscores our continued advancement into the execution phase. We are precise pleased to beryllium moving with Timas connected this cardinal constituent of the development”.

The Mako state tract is being developed successful 2 phases, opening with six improvement wells connected to a leased mobile offshore accumulation portion (MOPU). This portion is susceptible of handling 172 cardinal modular cubic feet per day.

Gas volition beryllium transported via a 59km, 18in pipeline to the KF level successful the neighbouring Kakap PSC, and past via the WNTS pipeline to scope the Indonesian home market.

Total superior expenditure until archetypal state is projected astatine $320m (Rp5.58tn), with West Natuna Exploration covering astir $80m for its 25% share. Nations Natuna Barat, a subsidiary of Arsari Group, holds the remaining 75% involvement successful the Duyung PSC.