Eni upgrades forecast for Indonesian gas
AFP - [email protected]
Published: 16 Mar, 2015 CET.
Updated: Mon 16 Mar 2015 13:34 CET
Italian energy group Eni on Monday raised its estimate of the natural gas contained in a deep water well off Indonesia by 20 billion cubic metres (bcm), a 55 percent increase on initial projections.
The company said the completion of post-drilling studies on the Merakes-1 well in the East Sepinggan Block off East Kalimantan in Borneo had led them to upgrade the forecast of its reserves from 36 bcm to 56 bcm (1.3 trillion cubic feet to 2.0 tcf).
The well was drilled in October 2014 at a depth of 1,372 metres.
ENI said it was looking to fast track development of the find so it can be exploited at the same time as the nearby Jangkrik field, which it also owns.
The Italian company has 85 percent of the East Sepinggan block. It has been active in Indonesia since 2001.
Comments
See Also
The company said the completion of post-drilling studies on the Merakes-1 well in the East Sepinggan Block off East Kalimantan in Borneo had led them to upgrade the forecast of its reserves from 36 bcm to 56 bcm (1.3 trillion cubic feet to 2.0 tcf).
The well was drilled in October 2014 at a depth of 1,372 metres.
ENI said it was looking to fast track development of the find so it can be exploited at the same time as the nearby Jangkrik field, which it also owns.
The Italian company has 85 percent of the East Sepinggan block. It has been active in Indonesia since 2001.
Join the conversation in our comments section below. Share your own views and experience and if you have a question or suggestion for our journalists then email us at [email protected].
Please keep comments civil, constructive and on topic – and make sure to read our terms of use before getting involved.
Please log in here to leave a comment.