Eni started gas production from the Merakes East field in the Kutei basin, offshore Indonesia. The field is in the East Sepinggan block, located in a water depth of 1,600 m approximately 10 km east of the Merakes Field. It is tied back via a subsea connection to the Jangkrik floating production unit (FPU) operated by Eni, situated around 50 km away.
Eni recently announced talks with PETRONAS to establish a joint venture holding company to oversee selected upstream assets in Indonesia and Malaysia. The JV would have the goal of becoming a major LNG player in the region and will combine approximately 3 billion barrels of oil equivalent (boe) of reserves, with an additional 10 billion boe of potential exploration upside.
Eni has been operating in Indonesia since 2001 and currently has a portfolio including exploration, development and production assets with a current production around 700 MMSCFD in the East Kalimantan.