EnQuest Signs Agreement with PETRONAS to Support Peninsular Malaysia’s Gas Demand

EnQuest 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.

This 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.

Commenting 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.”