Eni SpA introduced Monday a “big” pure gasoline discovery within the Ganal block within the Kutei basin offshore Indonesia.
“Preliminary estimates point out in-place assets of roughly 5 trillion cubic toes (Tcf) of gasoline and 300 million barrels of condensate within the encountered interval”, the Italian state-controlled vitality main mentioned in a web based assertion.
“Analyses are ongoing to judge accelerated improvement choices, additionally contemplating the proximity to current and deliberate infrastructures, which supply potential synergies by way of time‑to‑market and value optimization”, Eni added.
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“The brand new discovery is adjoining to the not-yet-developed Gula gasoline discovery (2 Tcf of gasoline in place with 75 million barrels of condensate). Preliminary assessments point out that the mixed Geliga and Gula assets have the capability to provide an extra 1 Bscfd [billion standard cubic feet a day] of gasoline and 80,000 bpd [barrels per day] of condensate, opening the chance – amongst others – of creating, in a fast-track mode, a 3rd manufacturing hub within the prolific Kutei Basin by mirroring the event idea of the continuing North Hub challenge.
“Research are additionally underway to judge an extra rejuvenation of Bontang by resuming further liquefaction capability past what’s already deliberate for the North Hub improvement, thus additional extending the plant’s operational life”.
Drilled to a complete depth of about 5,100 meters (16,732.28 toes), the invention within the Geliga-1 nicely confirmed a gasoline column with “wonderful petrophysical properties” within the Miocene interval, in keeping with Eni. The drilling web site had a water depth of round 2,000 meters off the coast of East Kalimantan province on Indonesia’s facet of Borneo island, it mentioned.
The invention is amongst 5 exploration wells drilled by Eni over the previous six months. “The exploration marketing campaign will proceed with one further nicely deliberate in 2026 and two additional wells in 2027”, the assertion mentioned.
Eni operates the Ganal manufacturing sharing contract (PSC) with an 82 p.c stake. China Petroleum & Chemical Corp owns 18 p.c.
Petronas JV
Ganal is a part of blocks Eni agreed final yr to contribute to its pending three way partnership with Malaysia’s Petroliam Nasional Bhd (Petronas) in Indonesia and Malaysia.
The unbiased three way partnership, known as Searah, will deal with gas-producing and improvement belongings. The mix would create a “main” LNG participant within the Asian market, in keeping with the companions.
“Closing of the transaction is predicted inside Q2 2026”, Monday’s assertion mentioned. “The valorization to a 3rd occasion of a ten p.c stake within the Eni Indonesia portfolio withheld from the Searah transaction is underway and anticipated to be concluded in 2026. The Geliga discovery provides to the worth of this sale”.
New Manufacturing Hubs
Earlier in 2026 Eni made ultimate funding choices to proceed with the Gendalo and Gandang gasoline challenge (South Hub) and Geng North and Gehem fields (North Hub) within the Kutei basin.
Anticipated to go surfing 2028, the initiatives are designed so as to add as much as 2 Bcfd of gasoline and 90,000 bpd of condensate to Eni’s manufacturing capability, it mentioned in a press launch March 18. Eni expects to succeed in peak manufacturing on the new initiatives 2029.
“The Gendalo and Gandang improvement plan, in water depths starting from 1,000-1,800 meters, contains the drilling of seven producing wells and the set up of deepwater subsea manufacturing techniques tied again to Jangkrik FPU [floating production unit]”, Eni mentioned.
“For the North Hub, the challenge foresees the drilling of 16 producing wells at water depths between 1,700 and a pair of,000 meters, and the set up of subsea techniques linked to a newly constructed FPSO [floating production, storage and offloading vessel] able to processing over 1 Bscfd of gasoline and 90,000 bpd of condensate, with a storage capability of 1.4 million barrels.
“The mixed volumes in place for the 2 initiatives quantity to just about 10 Tcf of gasoline initially in place, with 550 million barrels of related condensate”.
The gasoline will probably be transported by way of pipeline to a receiving facility feeding an current pipeline community and the Bontang liquefaction plant. The liquefied pure gasoline (LNG) produced will probably be delivered to each the home and abroad markets. The condensate will probably be processed and saved offshore within the FPSO for export by way of a shuttle tanker, Eni mentioned.
“The event plan additionally contains extending the working lifetime of the Bontang LNG plant by reactivating considered one of its at present idle liquefaction trains (Practice F)”, it added.
“These initiatives reaffirm Eni’s long-term dedication to Indonesia’s rising offshore gasoline sector, enhancing gasoline provide whereas maximizing synergies with current infrastructure in East Kalimantan and the involvement of great native content material.
“Specifically, the event of Geng North and Gehem will set up a brand new manufacturing hub within the northern Kutei Basin, creating further tie-back alternatives for future discoveries”.
Authorities within the Southeast Asian nation permitted Eni’s improvement plans for the initiatives 2024. Eni on the time additionally secured a 20-year extension to the Indonesia Deepwater Improvement gasoline challenge, which consists of the Ganal and Rapak blocks, as introduced by the corporate August 23, 2024.
Eni found Geng North about three years in the past below the North Ganal manufacturing sharing contract (PSC), as introduced by the corporate October 2, 2023.
Gehem got here below Eni when it acquired Chevron Corp’s working stake within the Rapak PSC, in addition to the Ganal and Makassar Straits PSCs, in 2023.
To contact the creator, e mail jov.onsat@rigzone.com
