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On 2 April 2026, EnQuest PLC, through its wholly-owned affiliate EnQuest Petroleum Production Malaysia Ltd, signed the Cendramas Production Sharing Contract (PSC). The PSC was signed with Medco Asia Pacific Limited and DIALOG Resources Sdn Bhd, awarded by Petroliam Nasional Berhad (PETRONAS) through Malaysia Petroleum Management. Under the PSC terms, effective from 23 September 2026, EnQuest holds a 25.0% participating interest, DIALOG holds 25.0%, and Medco holds 50.0% as operator.
| Date | 2 Apr 2026 |
| Time | 08:00:00 |
| Category | Miscellaneous |
| ID | 2341Z |
EnQuest PLC, 2 April 2026
EnQuest signs Cendramas PSC in Peninsular Malaysia
EnQuest PLC, an independent oil and gas production and development company listed on the London Stock Exchange, is pleased to announce that its wholly-owned affiliate, EnQuest Petroleum Production Malaysia Ltd ('EnQuest'), has signed the Cendramas Production Sharing Contract ('PSC') in partnership with Medco Asia Pacific Limited ('Medco') and DIALOG Resources Sdn Bhd ('DIALOG') by Petroliam Nasional Berhad (PETRONAS) ('PETRONAS') through Malaysia Petroleum Management (MPM).
Under the terms of the Joint Operating Agreement and the Cendramas PSC, EnQuest will hold a participating interest of 25.0% in the PSC, alongside DIALOG (25.0%) and Medco (50.0% and operator), effective from 23 September 2026.
Ends
For further information, please contact:
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EnQuest PLC |
Tel: +44 (0)20 7925 4900 |
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Amjad Bseisu (Chief Executive Officer) |
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Jonathan Copus (Chief Financial Officer) |
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Craig Baxter (Head of Investor Relations and Corporate Affairs) |
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Teneo |
Tel: +44 (0)20 7353 4200 |
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Martin Robinson |
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Harry Cameron |
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Notes to editors
ENQUEST
EnQuest is unlocking value from energy assets. Responsibly. As an independent energy company with operations in the UK North Sea and across South East Asia, the Group's strategic vision is to lead as a safe, efficient operator of mature and underinvested oil and gas assets; sustainably extending field lives and delivering superior value across the asset lifecycle, as part of a just energy transition.
EnQuest PLC trades on the London Stock Exchange.
Please visit our website www.enquest.com for more information on our global operations.
Forward-looking statements: This announcement may contain certain forward-looking statements with respect to EnQuest's expectations and plans, strategy, management's objectives, future performance, production, reserves, costs, revenues and other trend information. These statements and forecasts involve risk and uncertainty because they relate to events and depend upon circumstances that may occur in the future. There are a number of factors which could cause actual results or developments to differ materially from those expressed or implied by these forward-looking statements and forecasts. The statements have been made with reference to forecast price changes, economic conditions and the current regulatory environment. Nothing in this announcement should be construed as a profit forecast. Past share performance cannot be relied upon as a guide to future performance.