Eni makes major new gas discovery offshore Indonesia

Eni has made an important gas finding in the Merakes exploration prospect, in the East Sepinggan Block, where Eni is operator with a 100 per cent stake. 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, also operated by the Italian oil major. The finding was made through the Merakes 1 well which was drilled at a water depth of 1,372m and reached a total depth of 2,640m. Eni said that the well encountered a significant accumulation of gas in the lower Pliocene clastic sequence. Merakes has crossed a hydrocarbon column of 60m in high quality sandstones. 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. Preliminary reports estimates that the Merakes find could potentially hold some 1.3 Trillion cubic feet (Tcf) of gas in place. The finding has further upside that will be assessed with a delineation campaign the company said. Eni CEO, Claudio Descalzi said: « This new success further implements the company