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Empyrean Energy Says Jack-up Drilling Rig Secured for Indonesian Gas Field

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Empyrean Energy (EME.L) said Friday Conrad Asia Energy and its unit West Natuna Exploration signed a binding contract with PT Pertamina Drilling Services Indonesia for a jack-up drilling rig for the Mako gas field in Indonesia.

The Admarine 502 rig will drill six development wells and install the conductor support frame under a 180-day contract, which also includes extension options. Work is expected to commence in the second quarter of 2027.

According to its website, the London-listed oil and gas explorer holds an 8.5% interest in the project.

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