Coro Energy completes acquisition of interest in Duyung PSC

Published by Nicholas Woodroof, Editor
Oilfield Technology, Friday, 22 May 2020 14:30

Coro Energy has announced that all necessary Indonesian regulatory approvals for the transfer of title of the 15% direct interest in the Duyung PSC (the PSC Interest) in the West Natuna Basin, offshore Indonesia, to Coro have now been received. Accordingly, final completion of the acquisition of the PSC Interest by the company from West Natuna Exploration has now been achieved.

The license holders of the Duyung PSC are now Conrad Petroleum (76.5% operated interest), Coro (15% non-operated interest) and Empyrean Energy (8.5% non-operated interest).

The publication of a revised independent reserve audit report from Gaffney Cline & Associates, following a successful appraisal drilling campaign in 4Q19, is expected later in the month.

Read the article online at: https://www.oilfieldtechnology.com/offshore-and-subsea/22052020/coro-energy-completes-acquisition-of-interest-in-duyung-psc/

Choosing the right hose

Monday 30 June 2025 12:00

Jonathan Petit, Trelleborg Oil and Marine, argues that, amid the surge in global oil demand, with Ship-to-Ship (STS) operations growing in popularity, choosing the right marine hoses will play a key role in delivering the cost efficiencies required to take full advantage of this opportunity.

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