{"id":135566,"title":"Empyrean Energy signs binding agreement for Mako development","publisher":"Share Talk","author":"sharetalk","published":"2026-05-08T14:44:53+00:00","modified":"2026-05-08T14:44:53+00:00","canonical_url":"https://www.share-talk.com/empyrean-energy-signs-binding-agreement-for-mako-development/","markdown_url":"https://www.share-talk.com/empyrean-energy-signs-binding-agreement-for-mako-development.md","json_url":"https://www.share-talk.com/empyrean-energy-signs-binding-agreement-for-mako-development.json","category":"Energy","categories":["Energy"],"tags":["Australia","china","China National Offshore Oil Company","CNOOC","EME","Empyrean Energy","gas","Gaz Bisht","Hydrocarbons","Indonesia","Jade Prospect","offshore","oil","Share Talk","Spud","Tom Kelly","United States"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2025/08/Empyrean-Energy-PLC-AIM_EME-Dempsey-Gas-well-update-Video-Share-Talk-.-2025-08-26-at-10.56.26-AM.webp?fit=1200%2C685&quality=80&ssl=1","format":"news","language":"en-GB","content":"[Empyrean Energy plc (AIM: EME)](https://www.investegate.co.uk/announcement/rns/empyrean-energy--eme/mako-gas-project-update-/9559498) has announced further progress at the Mako Gas Project in Indonesia after operator Conrad Asia Energy Ltd signed a binding SURF EPCI contract with PT Timas Suplindo.\n\nThe agreement covers engineering, procurement, construction, installation and commissioning support for the subsea umbilical, flowline and riser system at the Mako Gas Field.\n\nThe scope of work includes detailed engineering design, procurement of subsea materials, fabrication and offshore installation of pipelines and subsea structures, as well as pre-commissioning and commissioning support activities.\n\nA formal signing ceremony between Timas and operator West Natuna Exploration Limited took place in Jakarta on 7 May 2026.\n\nThe Mako Gas Project is planned as a two-phase development initially involving six production wells tied back to a leased Mobile Offshore Production Unit with a design capacity of 172 million standard cubic feet per day.\n\nGas produced from the field will be transported through a 59-kilometre export pipeline into existing regional infrastructure for delivery into the Indonesian domestic market.\n\nTotal capital expenditure to first gas is estimated at approximately US$320 million on a 100% basis.\n\nGaz Bisht said the contract award marks another major milestone for the project and reflects the increasing momentum following the final investment decision and commencement of development activities."}