Italy's Eni has announced that it has won a 100 per cent participating interest in the East Ganal deepwater exploration block in the Kutei Basin, in Indonesia.
East Ganal is a new “gross split” PSC (Production Sharing Contract) covering an area of about 5,100 square kilometers and adjoins the Eni operated Muara Bakau and East Sepinggan PSCs, in the Makassar Strait offshore East Kalimantan.
Eni said in a statement that the award expands its position and upstream activities in the East Kalimantan’s Kutei Basin, which is one of the most promising hydrocarbon provinces in Indonesia, and in the continuously growing gas and LNG market of the Asia Pacific region.
In the Muara Bakau PSC, Eni commenced production from the Jangkik deepwater field in May 2017. In April 2018, Eni was also granted the approval of the Plan of Development for the Merakes discovery located in East Sepinggan PSCs. This further development project, using existing Jangkrik and Bontang facilities, will allow an increase in the availability and flexibility of gas supply both for the domestic market and for export, as well as strengthening Eni’s position in the LNG market in Asia.