Italy's Eni and its partners Pertamina, Neptune have been awarded by the Indonesian government the West Ganal exploration block in the Kutei Basin, offshore Indonesia, as a result of the second conventional oil and gas bidding round 2019.
West Ganal is a new Gross Split PSC (Production Sharing Contract) with Eni having 40 per cent as operator and Pertamina and Neptune holding 30 per cent each.
The block covers 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.
Eni said in a statement that the 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.