Eni to develop key natural gas production

The President of the Republic of Indonesia Joko Widodo met Eni Chief Executive Officer Claudio Descalzi in Jakarta to discuss the company’s ongoing activities in the country and to outline initiatives in the areas of energy transition and decarbonization.

During the meeting, Descalzi disclosed Eni’s plans in Indonesia following significant milestones in 2023, notably the discovery of 5 Tcf of natural gas with the Geng North-1 well in the North Ganal PSC, the acquisition of the Indonesia Deepwater Development (IDD) assets from Chevron, and the further consolidation of Eni’s position in most of the key exploration and production blocks of the Kutei basin, following the acquisition of Neptune.

Descalzi illustrated the development plans for the IDD assets and the new Geng North production hub to be established in the East Kalimantan region. He highlighted how these achievements will significantly enhance the country’s natural gas potential, also in consideration of the significant near-field exploration potential in Eni-operated blocks, largely de-risked following the Geng North discovery.

The new 1 Bcfd natural gas hub that will be established in the northern Kutei basin, as well as the extension of the plateau at 750 MMcfd in the existing facilities in the southern Kutei basin, will allow Indonesia to increase its gas production significantly, both for domestic use and for export.

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