Eni SPA will operate and add interest in certain blocks in Kutei basin, offshore East Kalimantan, Indonesia, through a deal with Chevron Corp. A purchase price was not disclosed.
Eni will acquire Chevron’s assets in Indonesian blocks Ganal PSC (Chevron 62%), Rapak PSC (Chevron 62%), and Makassar Straits PSC (Chevron 72%) in a deal that will fast track development of the Gendalo and Gandang gas project, Eni said in a release July 25.
The project, part of the Indonesia Deepwater Development in the Ganal PSC close to the Jangkrik floating production unit (FPU). Natural gas reserves are estimated at 2 tcf.
Producing Bangka gas field and Gehem and Ranggas discoveries with exploration potential are also included in the northern part of the asset, Eni said.
Eni already holds 20% non-operated interest in Ganal and Rapak blocks.
