U.K.-based energy company EnQuest has been awarded a Production Sharing Contract (PSC) for Block C, an offshore oil and gas block in Brunei, by the Petroleum Authority of Brunei Darussalam (PABD).
EnQuest EP BV, the company’s subsidiary, will initially operate the block under the terms of the PSC. However, the firm plans to form a 50/50 joint venture (JVC) with Brunei Energy Exploration (BEE), subject to contract, to take over operations. Once established, the JVC will focus on finalizing the Merpati Field Development Plan, with the goal of reaching a Final Investment Decision (FID) within the next two years.
The development of the Merpati Field is expected to commence in 2027, with the first gas from the field anticipated to come online by 2029.
Block C, located offshore Brunei Darussalam, contains the condensate-rich gas fields of Merpati, Meragi, and Juragan. EnQuest plans to develop these fields in phases, starting with the Merpati Field. The produced gas and liquids will be directed toward Brunei’s domestic market and the Brunei LNG plant, which serves international liquefied natural gas (LNG) markets.
Amjad Bseisu, CEO of EnQuest, expressed enthusiasm about the company’s expansion into Brunei, stating, “We are excited to embark on this new country entry with Brunei Darussalam. EnQuest is committed to fulfilling the responsibilities entrusted to us and will leverage our experienced workforce and differentiated operating capability to deliver the project safely and efficiently.”
Bseisu highlighted that the Brunei venture aligns with the company’s broader strategy to diversify into gas and strengthen its footprint in Southeast Asia, following recent transactions in Malaysia and the acquisition of Block 12W in Vietnam from Harbour Energy. He added, “Our established presence in the region, along with operating expertise from Malaysia and the U.K. North Sea, will be invaluable in supporting this project and future ventures in Brunei.”
EnQuest’s expansion into Brunei marks a significant step in the company’s growth, as it continues to explore new opportunities in the global energy sector.
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