Business
EnQuest Malaysia Update
EnQuest Malaysia Update.
About this update from Enquest Plc
[{"type":"text","content":"\n\n \nEnQuest PLC, 09 May 2023\n \nEnQuest Malaysia Update\n \nEnQuest is pleased to announce that it has, on behalf of the PM8 (Extension) ('PM8E') production sharing contract ('PSC') parties, signed an agreement with PETRONAS to support Peninsular Malaysia's gas demand by providing additional gas from the Seligi field through the existing PM8E PSC facilities until the end of 2025.\n \nThis agreement is expected to increase EnQuest's gas production by around 25 mmscf per day (50 mmscfd gross), initially from associated gas, with the partnership assessing the drilling of additional gas-producing wells over time. Increasing gas production aligns with EnQuest's strategy of responsibly managing existing energy assets, enhancing exposure to gas and international assets, and will contribute to a reduction in EnQuest's carbon intensity.\n \nCommenting on the agreement, EnQuest Chief Executive Officer, Amjad Bseisu said: \"I am pleased with the progress on this agreement enabling Enquest to supply gas through existing infrastructure and look forward to continuing to work with our valued partner Petronas on unlocking further potential supplies.\"\n \nEnds\n \n \nFor further information, please contact:\n \n\n\n\nEnQuest PLC\n\n\nTel: +44 (0)20 7925 4900\n\n\n\n\nAmjad Bseisu (Chief Executive)\n\n\n \n\n\n\n\nSalman Malik (Chief Financial Officer)\n\n\n \n\n\n\n\nIan Wood (Head of Investor Relations, Communications & Reporting)\n\n\n \n\n\n\n\nCraig Baxter (Senior Investor Relations Manager)\n\n\n \n\n\n\n\n \n\n\n \n\n\n\n\nTeneo\n\n\nTel: +44 (0)20 7353 4200\n\n\n\n\nMartin Robinson\nMartin Pengelley\n\n\n \n\n\n\n\nHarry Cameron\n\n\n \n\n\n\n \nNotes to editors\nENQUEST\nEnQuest is providing creative solutions through the energy transition. As an independent energy company with operations in the UK North Sea and Malaysia, the Group's strategic vision is to be the partner of choice for the responsible management of existing energy assets, applying its core capabilities to create v...