Aceh PSCs

Conrad holds 100% operated interest in the Offshore North West Aceh (ONWA) PSC and the Offshore South West Aceh (OSWA) PSC. The PSCs, spread across a combined acreage of ~20,000 square kilometres, hold four existing shallow-water gas discoveries, three of which contain a significant 2C contingent resource base of 216 Bcf (162 Bcf net attributable to Conrad after government take) located close to shore, with various commercialisation options being evaluated.

The PSCs also hold additional near-field shallow-water appraisal and exploration potential (unrisked P50 546 Bcf, 394 Bcf net attributable). In addition, the PSCs represent over 15 Tcf (unrisked P50, 11 Tcf net attributable) of deep-water prospects across 38 leads, of which four are larger than 1 Tcf each.