-- Conrad Asia Energy's (ASX:CRD) West Natuna Exploration unit entered a binding contract with PT. Timas Suplindo for the provision of subsea umbilicals, risers, and flowlines to develop the Mako gas field in offshore Indonesia, according to a Friday filing with the Australian bourse.
The scope of the contract includes engineering, procurement, construction, installation, and commissioning-related support.
The project's total capital expenditure to first gas is an estimated $320 million, the company said.