Eni to acquire Chevron Indonesian assets

July 25, 2023
Eni SPA has agreed to acquire Chevron Corp. assets in Indonesian blocks Ganal, Rapak, and Makassar Straits, in Kutei basin, offshore East Kalimantan.

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.