Italy's Eni Awarded Exploration Block in Indonesia
May 02 2018 - 4:30AM
Dow Jones News
By Marc Navarro Gonzalez
Italian energy company ENI SpA (ENI.MI) on Wednesday said that
it has won a 100% participating interest in the East Ganal
deepwater exploration block in Indonesia's Kutei Basin.
Eni said the project will allow for more availability and
flexibility in the supply of gas both for the Indonesian market and
for export. The project will also help strengthen Eni's position in
the liquefied natural gas market in Asia, it said.
The East Ganal exploration block has an area of about 5,100
square kilometers, the company said.
Eni said it now holds working interests in 14 exploration and
production assets in Indonesia.
Write to Marc Navarro Gonzalez at marc.navarro@dowjones.com
(END) Dow Jones Newswires
May 02, 2018 04:15 ET (08:15 GMT)
Copyright (c) 2018 Dow Jones & Company, Inc.
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