By Adria Calatayud
Eni has made a significant natural-gas discovery in an offshore project in Indonesia, which the company said has potential to contribute to the creation of a new production hub.
The Italian energy company said Monday that preliminary estimates from the Geng North-1 exploration well in the North Ganal production sharing contract indicate a total discovered volume of 5 trillion cubic feet.
Eni operates the North Ganal block and holds a 50.22% participating interest, with Neptune Energy and Agra Energi I Pte as partners with stakes of 38.04% and 11.74%, respectively. Eni said completion of its recent deal to buy Neptune Energy will strengthen its position in the project.
Write to Adria Calatayud at [email protected]
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