Eni starts production at Merakes East field in Indonesia
Italian energy giant Eni has commenced gas production from the Merakes East field, located in the Kutei basin, offshore Indonesia.
Eni holds an 85% operating interest in the field, which is situated within the East Sepinggan block at a water depth of 1,600m, approximately 10km east of the existing Merakes Field.
The field is expected to contribute up to 100 million standard cubic feet per day (mscf/d) of gas, equivalent to approximately 18,000 barrels of oil equivalent per day, to Eni's production figures.
Utilising a subsea system, the field is connected to the Jangkrik floating production unit (FPU) operated by Eni and located around 50km away.
Following initial processing on the FPU, the gas will be transported through pipelines to meet domestic demand and supply the Bontang liquefaction plant.
The plant plays a dual role, catering to internal market needs and exporting liquefied natural gas (LNG).
The Merakes East start-up aligns with Eni's broader strategy in Indonesia, aiming to capitalise on the substantial gas reserves in the Kutei Basin.
Eni's collaboration with SKK Migas, the Indonesian Upstream Regulator and Supervisor, has been pivotal in achieving this milestone.
The commencement of production at Merakes East complements ongoing projects such as the Maha field development and recently approved development plans for the Northern Hub and Gendalo-Gendang fields.
These initiatives underscore Eni's commitment to enhancing local content, optimising the Bontang LNG plant's capacity and securing additional gas volumes for the domestic market.
Furthermore, Eni is engaged in discussions with Petronas to form a joint venture (JV) holding company overseeing selected upstream assets in Indonesia and Malaysia.
The JV would amalgamate approximately three billion barrels of oil equivalent (bboe) of reserves and an additional 10bboe of potential exploration upside.
Last month, Eni made an oil discovery at the Capricornus 1-X well in the Orange basin offshore Namibia.
"Eni starts production at Merakes East field in Indonesia" was originally created and published by Offshore Technology, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Latest News
- Strong Quarterly Results and Outlook Lifted The Hanover Insurance Group (THG) in Q1
- Jim Cramer Says Kimberly-Clark (KMB) Missed the Quarter – Is It Time to Wait and Watch?
- What Makes Atlassian Corporation Plc (TEAM) an Investment Bet?
- Microsoft Rules As Nvidia Looks To Take A Bite Out Of Apple
- Jim Cramer Says CrowdStrike (CRWD) Is Terrific – But Is It Too Big to Buy Now?
- Analyst Report: Restaurant Brands Intl In