POST Online Media Lite Edition



 

Eni gets exploration block in Indonesia

Christian Fernsby |
Eni (40% Operator) and its partners, Pertamina (30%) and Neptune (30%), have been awarded by the Ministry of Energy and Mineral Resources the West Ganal exploration block in the Kutei Basin, offshore Indonesia, as a result of the second conventional oil and gas bidding round 2019.

Article continues below



Topics: ENI    INDONESIA   

West Ganal is a new Gross Split PSC (Production Sharing Contract) covering an area of about 1,129 square kilometers adjoining the Eni operated Muara Bakau and East Sepinggan PSCs, in the Makassar Strait offshore East Kalimantan.

This additional award reinforces the strategic cooperation in the Kutei Basin with Pertamina and Neptune, already partners in the producing Jangkrik field in Muara Bakau block.

The block includes the Maha discovery with in place gas resources estimated in excess of 600 Bscf (Billions of standard cubic feet of gas) and further exploration potential, whose development and time-to-market will benefit from the proximity of the facilities of the Jangkrik field operated by Eni, accordingly to Eni's “near field” strategy that optimizes synergies with existing infrastructures.

Furthermore, this award expands Eni’s position and upstream activities in the East Kalimantan’s Kutei Basin, which is one of the most promising hydrocarbon provinces in Indonesia.


What to read next

Eni to buy 50% interest of field offshore Cyprus
Rosneft and Eni in a strategic partnership
Eni, NIOC join hands for technical surveys on oil, gas fields