Empyrean Energy plc (AIM: EME) 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.
The agreement covers engineering, procurement, construction, installation and commissioning support for the subsea umbilical, flowline and riser system at the Mako Gas Field.
The 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.
A formal signing ceremony between Timas and operator West Natuna Exploration Limited took place in Jakarta on 7 May 2026.
The 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.
Gas produced from the field will be transported through a 59-kilometre export pipeline into existing regional infrastructure for delivery into the Indonesian domestic market.
Total capital expenditure to first gas is estimated at approximately US$320 million on a 100% basis.
Gaz 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.
