EnQuest has announced a four-year extension to the Block 12W Production Sharing Contract ('PSC'), awarded by PetroVietnam. Granted on the PSC's existing terms, this extension runs to July 2034 and provides EnQuest and its partners the opportunity to access upside across Block 12W, with prospectivity spread across three gas discoveries and several additional targets.
Since the completion of the acquisition of Block 12W in July 2025, EnQuest has deployed its proven asset management expertise to maximise value from the Chim Sáo and Dua fields; completing three proactive well interventions that boosted Q4 2025 production to 10.4 Kboed (5.5 Kboed net to EnQuest). This PSC extension enables the Group to initiate plans to progress discovered resources into reserves.
Commenting on the extension, EnQuest's General Manager, South East Asia, Radzif Ahmed said:
'We are pleased with the production enhancements made during the early period of EnQuest's operatorship and, with this PSC extension, we see opportunities to unlock significant value within the Block. I thank PetroVietnam for putting its trust in EnQuest to lead the next phase of growth for Block 12W.'
Source: EnQuest
