U.K.'s Coro Energy Completes Stake Acquisition of Duyung PSC for Indonesia Project, an Industrial Info Market Brief

Coro Energy plc has completed the acquisition of its 15% direct interest in Duyung PSC (production sharing contract), which is located in offshore West Natuna Sea, Indonesia. Other license holders of the block include Empyrean Energy (8.5%) and Conrad Petroleum (76.5%).The Duyung PSC holds the Mako gas field, which has demonstrated commercial viability. (Project ID: 300543389).