Neptune Energy, London, has agreed to acquire interests in two production-sharing contracts in the Kutei basin offshore East Kalimantan, Indonesia, from Eni SPA.
It will acquire a 20% working interest in the East Sepinggan PSC, where Merakes natural gas field is under development, and a 30% working interest in the exploratory East Ganal PSC.
Eni operates Merakes field, which it is developing with five wells completed subsea in 1,500 m of water and tied back to the Jangkrik floating production unit 35 km northeast (OGJ Online, Mar. 25, 2019). It has a discovery nearby designated Merakes East.
Eni also operates Jangkrik field, which is in the Maura Bakau PSC, with Neptune as a partner.