Offshore staff
MILAN — Eni has acquired Chevron's interests, including operatorship, in three Indonesian blocks in the Kutei Basin offshore East Kalimantan: Ganal PSC (Chevron, 62%), Rapak PSC (Chevron, 62%) and Makassar Straits PSC (Chevron, 72%).
Eni already has a 20% interest as non-operator in the Ganal and Rapak blocks.
Eni says the acquisition is an important step, particularly for the opportunity to fast track the development of the Gendalo and Gandang gas project, a part of the Indonesia Deepwater Development in the Ganal PSC, close to the Jangkrik FPU, with estimated natural gas reserves of about 2 Tcf. This is in addition to the producing Bangka gas field, the Gehem and Ranggas discoveries, and the significant exploration potential also included in the northern part of the asset, which therefore represent a further relevant consolidation for Eni operations in the East Kalimantan area.
The acquisition of Chevron's assets in Indonesia will allow Eni to fast track the development of the Indonesia Deepwater Development project, leveraging its strong presence in the East Kalimantan Area as well as the synergies with Eni-operated Jangkrik infrastructures, the existing Bontang LNG facility, and the domestic gas market.
This operation comes shortly after the announcement of Eni’s agreement to acquire Neptune Energy, which holds a significant presence in Indonesia. The closing of the transaction is subject to the customary governmental and regulatory approvals.
07.25.2023
