Italian energy company Eni S.p.A. announced on Friday that it signed a deal with the Indonesian government for the development of two natural gas fields in the East Kalimantan region. Eni plans to produce around 2 bcf/d of gas and 80,000 bopd of condensates for domestic and international markets.
The company said it received a 20-year extension on the Indonesia Deepwater Development license for its Ganal and Rapak projects. In addition, it will conduct a drilling campaign in the next 4-5 years to assess the near-field exploration potential within the Eni-operated blocks in the Kutei Basin. "The establishment of a new production hub in the Kutei Basin represents a game changer for Eni in Indonesia. This grants us today a strong leadership in a world-class basin, close to existing facilities and to very important markets," Eni CEO Claudio Descalzi said.
