Eni lets EPCI contract for Kutei North Hub field FPSO
Key Highlights
- Eni North Ganal let an EPCI contract for a FPSO for the Kutei North Hub Field Development Project in Kutei basin, offshore Indonesia.
- Estimated project duration is 48 months.
- The award reflects continued investment in integrated offshore gas developments, where FPSOs, subsea tiebacks, and existing LNG infrastructure are being leveraged to bring new resources to market.
Eni North Ganal has let an engineering, procurement, construction, and installation (EPCI) contract to a joint venture between PT Saipem Indonesia and PT Tripatra Engineers and Constructors for a floating production, storage, and offloading (FPSO) unit for the Kutei North Hub Field Development Project in Kutei basin, offshore Indonesia, about 70 km off East Kalimantan.
The project execution, with an estimated duration of 48 months, includes project management, engineering, procurement of materials, fabrication, construction and installation activities, as well as commissioning and start-up of the FPSO unit.
The contract is valued at about $2 billion for Saipem’s share.
The Kutei FPSO project is part of the Kutei North Hub Development, which comprises a subsea development tied back to the new FPSO, a dedicated gas export pipeline to the Bontang LNG plant, and domestic gas users via the existing East Kalimantan System.
Eni North Ganal is controlled by Searah Ltd., which was formed through a strategic partnership between Eni and Petronas.