From 2017, Pertamina will purchase 1.4 million tpy of LNG from the Jangkrik Fields development project. Eni and its partners, ENGIE and Saka Energi Muara Bakau, signed two agreements with PT Pertamina on 30 June 2015. The contracts agreed the purchase and sale of LNG from the Jangkrik Fields development project.
Jangkrik Fields development project
The Jangkrik fields, discovered in the Muara Bakau block in 2009 and 2011, are located at a depth of 400 m in the Makassar Strait, approximately 100 km east of Balikpapan.
The Jangkrik Fields development project consists of Jangkrik and Jangkrik North-East fields. It requires the drilling of production wells to be linked to a floating production unit for gas and condensate treatment, and subsea pipeline laying for transportation to the Bontag Terminal. Production is expected to start in 2017.
Owning 55% of working interest in the field, Eni is the operator of the block whilst GDF Suez Exploration Indonesia, a subsidiary of ENGIE, has a 33.334% stake and Saka Energi Muara Bakau owns an 11.666% stake.
“The signing of these agreements represents a key milestone for the Jangkrik Field development project. It is one of the first deepwater gas projects in Indonesia being developed under a fast track scheme, and confirms Eni’s commitment in supplying gas for the development of the Indonesian domestic market,” said Eni’s CEO, Claudio Descalzi.
Edited from press release by Callum O'Reilly
Read the article online at: https://www.lngindustry.com/liquid-natural-gas/01072015/eni-signs-lng-agreements-with-pertamina-974/