Eni has announced a major gas discovery about 85 km off the east coast of Kalimantan, Indonesia. Preliminary estimates from the Geng North-1 well drilled in the North Ganal license, indicate total volumes of 5 trillion cubic feet of gas (about 140 billion cubic meters) with a dicondensate content of up to about 400 million barrels. The data acquired, reads a note from the energy group, will allow the study of options for accelerated development.
The well, drilled to a depth of 5,025 meters in 1,947 meters of water depth, encountered a gas column of about 50 meters in sandstones of Miocene age with excellent petrophysical properties, which were the subject of an intense data acquisition campaign. For a complete evaluation of the discovery, the note explains, a successful production trial was carried out which, although limited by the capacity of the test equipment, allowed to estimate a flow rate of the well equal to 80-100 million cubic feet/day (about 2.2-2.7 million cubic meters per day) and 5000 -6000 barrels per day of associated condensates.
The ongoing exploration campaign, together with the recent acquisitions, is in line with Eni's transition strategy, to progressively lead Eni's portfolio in 2030 to a 60% gas and LNG mix, increasing the contribution of LNGequity.
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