EnQuest signs production sharing contract for Cendramas block offshore Malaysia

EnQuest has signed a production sharing contract (PSC) for the Cendramas block offshore Malaysia, marking its entry into Southeast Asia. The agreement, awarded by Petronas through Malaysia Petroleum Management, will see EnQuest hold a 25% participating interest via its affiliate EnQuest Petroleum Production Malaysia. Medco Asia Pacific will operate the block with a 50% stake, while DIALOG Resources will hold the remaining 25% interest. The participating interests will take effect from September 23, 2026, under the terms of the joint operating agreement and PSC, expanding EnQuest’s geographic footprint beyond its existing core regions.

Counterparts (4)

Partner

Medco Asia Pacific

company

Singapore-based electricity power generator and retailer operating a 24/7 LNG-fueled power plant capable of supplying over 1 million households. Focuses on reliable and sustainable energy supply in Singapore with a commitment to low-carbon transition.

Petronas

company

Petronas is Malaysia's national oil and gas company, evolving into a holistic energy and solutions provider. It is strategically diversifying its portfolio to include significant investments and developments in clean energy, such as renewables, hydrogen, and carbon capture, alongside its traditional oil and gas operations, to support global energy transition and sustainable growth.

EnQuest

company

UK-based independent energy company focused on mature late-life oil and gas assets in the UK and Malaysia, transitioning operations toward renewable energy and decarbonization projects.

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DIALOG Resources

company