Conrad Asia Energy is a pioneering natural gas exploration and development company strategically positioned in the shallow waters offshore Indonesia. The company specializes in identifying and acquiring undervalued and technically misunderstood gas assets, with a unique approach to maturing these resources through advanced subsurface technical work and innovative, low-cost field development strategies.
At the core of Conrad Asia Energy’s portfolio is the Mako Gas Field, where the company holds a significant 76.5% participating interest. With total 2C Contingent Resources of 578 Bcf across its offshore Indonesian assets, the company is well-positioned to tap into Asia’s rapidly growing energy market. Their strategic focus on Indonesia, the fourth most populous country in the world, aligns perfectly with the region’s increasing domestic gas demand driven by robust economic growth and the need for affordable, low-carbon energy solutions.
The company’s forward-looking strategy extends beyond its current assets, with recent acquisitions of two new Production Sharing Contracts (PSCs) in Aceh’s shallow and deep water areas. Conrad Asia Energy aims to become a significant gas producer in Southeast Asia, targeting near-term goals of de-risking the Mako Gas Field development and adding value to its growth portfolio. With strong export infrastructure connections to Singapore and preliminary sales terms already agreed with SembCorp Gas, the company is poised to play a crucial role in supplying natural gas to one of the world’s fastest-growing energy markets.
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