Eni Gets New Block in Indonesia
Eni has been awarded 100% participating interest in the East Ganal deepwater exploration block in the Kutei Basin, offshore Indonesia, the company said May 2.
The block is a new “gross split” production sharing contract (PSC) covering an area of about 5,100 km2 and adjoins the gas-rich Eni-operated Muara Bakau and East Sepinggan PSCs in the Makassar Strait offshore East Kalimantan.
“This award expands Eni’s position and upstream activities in the East Kalimantan’s Kutei Basin, which is one of the most promising hydrocarbon provinces in Indonesia, and in the continuously growing gas and LNG market of the Asia Pacific region,” Eni said.
Eni began production in the Jangkik deepwater field in the Muara Bakau PSC in May 2017. Last month, Eni was also granted the approval of the Plan of Development for the Merakes discovery located in East Sepinggan PSC. “This further development project, using existing Jangkrik and Bontang facilities, will allow an increase in the availability and flexibility of gas supply both for the domestic market and for export, as well as strengthening Eni’s position in the LNG market in Asia,” Eni said of the East Ganal award.
Update later on May 2: In a separate statement, Eni gave an update on its upstream supercomputer. It said its "industry-leading" HPC4 supercomputer had performed a breakthrough calculation, opening the path to a new era for reservoir engineering numerical modeling: "HPC4 executed 100,000 high-resolution reservoir model simulation runs, taking into account geological uncertainties, in a record time of 15 hours. In comparison, most reservoir engineers in the industry can run just one single simulation run in a few hours with CPU-based hardware and software." HPC4 is an advance on its earlier HPC3 computer.