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By Nathan Allen
Eni SpA (ENI.MI) said Wednesday that it made a gas discovery in the Merakes East prospect in the East Sepinggan block offshore Indonesia.
Eni said it collected all the data it needs to carry out the required studies for a field-development plan.
Analysis of test data shows the well, drilled to a depth of 3,400 meters in waters offshore East Kalimantan province, could deliver 70 million standard cubic feet per day of natural gas and 1,000 barrels per day of condensate, the company said
The prospect is 33 kilometers from the Eni-operated Jangrik field and just three kilometers from its Merakes Field, the company said. This will allow the new development to share existing infrastructure, allowing for lower costs and a quicker development time, Eni said.
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(END) Dow Jones Newswires
December 19, 2018 04:48 ET (09:48 GMT)
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