EnQuest awarded Production Sharing Agreement for Block C in Brunei Darussalam - Drilling Contractor

EnQuest secures production rights for offshore Brunei block

BANDAR SERI BEGAWAN – Brunei has signed its first new production sharing agreement in more than a decade, marking a major step in efforts to revitalise the country’s upstream oil and gas sector. The industry regulator, Petroleum Authority of Brunei Darussalam (PA), awarded production rights in offshore Block C to EnQuest EP BV Ltd, a local subsidiary of London-based EnQuest PLC. In a statement, EnQuest said it will initially be the sole operator

EnQuest awarded Production Sharing Agreement for Block C in Brunei Darussalam - Drilling Contractor

EnQuest was awarded a Production Sharing Agreement for Block C in Brunei by the Petroleum Authority of Brunei Darussalam. EnQuest will initially be the sole operator of the PSA with the intention to form a 50/50 joint venture company with Brunei Energy Exploration. Once established, the JVC will assume the role of operator for Block … The post EnQuest awarded Production Sharing Agreement for Block C in Brunei Darussalam appeared first on Drillin…

EnQuest secures Brunei’s offshore Block C, targets first gas by 2029

Brunei’s Petroleum Authority (PA) has awarded a production sharing agreement (PSA) for offshore Block C to EnQuest EP BV Limited (EnQuest), with first gas production targeted for 2029. As the first PSA award in Brunei in over a decade, PA described the agreement as a “significant revival” of the nation’s upstream oil and gas sector, part of its rejuvenation strategy, which was developed towards the end of 2019. “EnQuest BV Ltd will be the second…