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Eni to enhance its presence in Indonesia with offshore production in Merakes

April 28, 2021


Abstract : The gas field based in the Kutai Basin, inside the East Sepinggan Block, will allow the daily production of 13 million standard cubic meters of gas.

MILAN, April 26 (Class Editori) -- Eni enhanced its presence in Indonesia. This morning, the company led by Claudio Descalzi has started its project in Merakes, in the East Spinggan Block, for the offshore production of gas in East Kalimantan. The project includes five deep-water wells in the Kutai Basin that will guarantee a production capacity of 13 million standard cubic meters of gas, equal to 85,000 barrels of oil. As revealed by the company, the offshore gas field will rely on the Jangkrik Floating Production Unit (FPU) to reach an overall production of 21 million standard cubic meters of gas.

Once produced, the gas will be exported to the FPU through a more than 79-km network of subsea pipelines and, after having been processed, will reach the Onshore Receiving Facility (ORF) in Senipah. At this point, gas will be partially sold to the domestic market and will contribute to the extension of the life of the Bontang LNG facility, one of the most reliable LNG processing plants in the world.

"We are really proud of the start-up of Merakes, a project which is synergetic with existing operated facilities and is the result of the fruitful collaboration with our partners and with the Indonesian authorities. Merakes is one of Eni key projects in 2021. It will support the growth of gas production, in line with Eni strategic goals," Eni's CEO Claudio Descalzi commented.

Eni is the operator of East Sepinggan Block with a 65% share ownership, followed by Neptune Energy East Sepinggan B.V. with 20% share and PT Pertamina Hulu Energi with the remaining 15% share. Eni has been operating in Indonesia since 2001 and has been awarded 12 contracts in the country through its subsidiary Eni East Sepinggan Ltd.

Therefore, the Six-legged Dog company continues to strengthen its presence in Asia. On last April 14, the Group completed the acquisition of 100% of Block 115/09, offshore central Vietnam, while last week it was assigned an offshore Block in the Emirate of Ras Al Khaimah. On the Italian Stock Exchange, Eni's shares rose to 10.40 euros (+0.40%), against current Brent's trend (-1.47% to 64.46 dollars per barrel). (All rights reserved)

(Source:Class Editori)

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