Eni Makes Significant Offshore Gas Discovery in Indonesia
October 02 2023 - 3:30AM
Dow Jones News
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 adria.calatayud@dowjones.com
(END) Dow Jones Newswires
October 02, 2023 03:15 ET (07:15 GMT)
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