Eni: Development Plan for Merakes Field Approved
Eni S.p.A announced Wednesday that the development plan for the Merakes field offshore Indonesia has been approved by the country’s minister of energy and mineral resources.
The development plan includes the drilling and completion of six subsea wells and the construction and installation of subsea systems and pipelines, which will be connected to the Jangkrik floating production unit.
The Merakes field is estimated to hold about 2 trillion cubic feet of lean gas in place, according to Eni, which has been operating in Indonesia since 2001.
“Today’s approval of the Merakes plan of development is a milestone for the development of our most recent discovery in the Kutei Basin,” Eni’s CEO, Claudio Descalzi, said in a company statement.
“It is a fundamental step to progress towards the final investment decision of the project. Merakes is another outcome of the Eni ‘near field’ exploration and appraisal strategy. We are proud of Eni’s partnership with Indonesia, a key country in the company’s global strategies,” he added.
Eni is the operator of East Sepinggan PSC, which contains the Merakes field, through its subsidiary Eni East Sepinggan Limited, which holds an 85 percent participating interest. Pertamina Hulu Energy holds the remaining 15 percent.
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Falcon Oil Declares Commercial Flow Test Results for Shenandoah Well
- Macquarie Strategists Expect Brent Oil Price to Grind Higher
- Japan Failing to Meet Corporate Demand for Clean Power: Amazon
- UK Oil Regulator Publishes New Emissions Reduction Plan
- Pennsylvania County Joins List of Local Govts Suing Big Oil over Climate
- PetroChina Posts Higher Annual Profit on Higher Production
- McDermott Settles Reficar Dispute
- US, SKorea Launch Task Force to Stop Illicit Refined Oil Flows into NKorea
- Russian Navy Enters Warship-Crowded Red Sea Amid Houthi Attacks
- USA Commercial Crude Oil Inventories Increase
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Oil Demand Outpaces Expectations, Testing Calculus on Peak Crude
- House Passes Protecting American Energy Production Act
- TotalEnergies Restarts Production in Denmark's Biggest Gas Field
- USA Oil and Gas Job Figures Jump
- Republican Lawmakers Say IEA Has Abandoned Energy Security Mission
- Blockchain Demands Attention in Oil and Gas
- Houthis Warn Saudi Arabia of Retaliation If It Backs USA Attacks
- Macquarie Sees USA Oil Production Exiting 2024 at 14MM Barrels Per Day
- Summer Pump Prices Set to Hit $4 a Gallon Just as Americans Hit the Road
- New China Climate Chief Says Fossil Fuels Must Keep a Role
- Chinese Mega Company Makes Major Oilfield Discovery
- VIDEO: Missile Attack Kills Crew Transiting Gulf of Aden
- Norway Regulator Blasts Proposal to Halt New Oil and Gas Permits
- Chinese Mega Company Makes Another Major Oilfield Discovery
- What Is the Biggest Risk to Offshore Oil and Gas Personnel in 2024?
- Vessel Sinks in Red Sea After Missile Strike
- Exxon Rights in Stabroek Do Not Apply to Hess Merger with Chevron: Hess
- Equinor Makes Discovery in North Sea
- Analysts Reveal Latest Oil Price Outlook Following OPEC+ Cut Extension