Conrad Asia Energy has announced that the Valaris 104 donor jack-up rig has arrived at PaxOcean’s Batam shipyard in Indonesia. The rig is due to be converted into the mobile offshore production unit for the Mako Gas Project in the Duyung Production Sharing Contract in the West Natuna Sea.
The company said fabrication of MOPU topside modules has commenced, while engineering and procurement for conductor support frame and subsea umbilical, riser and flowline packages are progressing on schedule. Conrad said the project remains on budget and targets first gas in the fourth quarter of 2027.
Conrad also said its gas sales agreement with PT PLN Energi Primer Indonesia is effective following satisfaction of conditions precedent. Under the agreement, PLN EPI will purchase 100% of Mako gas production. The company said gas-in commissioning of the WNTS-Pemping subsea pipeline, the planned delivery route for Mako gas into Batam, has been completed.
Source: Download CRD official ASX announcement, 2026-10-13.
Valaris 104 arriving at Batam, shown in Conrad Asia Energy’s company announcement dated 13 October 2026.