Merakes discovery to supply Bontang LNG plant

Eni has made an important gas finding in the Merakes exploration prospect, in the East Sepinggan Block, offshore Indonesia.

LNG supply

The block is located in the offshore East Kalimantan (Borneo), 170 km south of the Bontang LNG Plant and 35 km from the offshore Jangkrik field. This new gas discovery could supply future additional gas volumes to the Bontang LNG plant.

The discovery was made through the Merakes 1 well, which was drilled at a water depth of 1372 m and reached a total depth of 2640 m.

Merakes is the first exploration well drilled by Eni in the East Sepinggan Block, which was assigned to the company in 2012 following an International Bid Round. Merakes finding potential has been estimated to be 1.3 trillion ft³ of gas.

Comments

Commenting on the discovery, Claudio Descalzi, Eni’s CEO said: "This new success further implements the company’s growth strategy in the Pacific Basin where, in addition to its presence in Indonesia, Australia and China, Eni recently signed new exploration contracts in Vietnam, Myanmar and China.

“Merakes finding is a significant one as it strengthens our position as operator in Indonesia. Moreover thanks to its proximity to the Jangkrik field, which is currently under development, this new gas finding could supply in the future additional gas volumes to the Bontang LNG plant.

“This new achievement proves once more the effectiveness of Eni’s strategic approach to exploration, which is based on operating with elevated stakes in exploration phase to better valorize exploration success."

Adapted from press release by Katie Woodward

Read the article online at: https://www.lngindustry.com/liquid-natural-gas/27102014/indonesian-gas-discovery-to-supply-lng-plant-1672/