Shock: $320M Gas Project Starts 2027! Rig Contract Secured NOW! Will It Pay Off?
$320 million for a gas field that won't even start drilling until 2027? This massive investment is unfolding now in Southeast Asia. Conrad Asia Energy's subsidiary, WNEL, has locked in a crucial rig contract with Pertamina Drilling Services Indonesia for the Mako gas field, signaling a major step forward for the energy project. This significant deal, involving the PDSI–ADES Consortium, will see the Admarine 502 jack-up rig deployed for six development wells and conductor frame installation over a firm 180-day period. With estimated annual operating costs up to $80 million, this project aims to supply Indonesia's domestic market, highlighting its strategic importance for regional energy security. Want to stay informed on the biggest energy plays and investments shaping our future? Make sure to subscribe to our channel for the latest updates.
Tags/Hashtags: #wnel #pdsi
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