UK firm EnQuest secures major oil contracts in Indonesia, marking its entry into the country.

UK oil firm EnQuest, along with partners, wins two Production Sharing Contracts for Gaea and Gaea II blocks in Indonesia's Papua Barat, with a potential for multi-Tscf resources. EnQuest operates with 40% interest, joined by the Tangguh joint venture with 40%, and PT Agra Energi Indonesia with 20%. This marks EnQuest's entry into Indonesia, offering growth opportunities in the region.