Coro Duyung, a subsidiary of Southeast Asia’s Coro Energy, has received the green light from its shareholders to sell its stake in a production sharing contract (PSC) in the West Natuna Sea off the coast of Indonesia to the Singapore-headquartered natural gas player Conrad Asia Energy.

Indonesia WNEL Coro Duyung Conrad Asia Energy Ministry of Energy Mineral Resources Southeast Asia Coro Energy West Natuna Sea Empyrean Energy Settlement Agreement Managing Director Chief Executive Officer Miltos Xynogalas Riau Islands Province