Merakes is the initial exploration well drilled by Eni in the East Sepinggan block, located in the offshore East Kalimantan (Borneo), 170km south of the Bontang LNG Plant and 35km from the offshore Jangkrik field, also operated by Eni.
The well, which reached a total depth of 2,640m, identified gas accumulation in the lower pliocene clastic sequence.
The company said the well crossed a hydrocarbon column of 60m in high quality sandstones.
Eni CEO Claudio Descalzi said: "This new success further implements the company’s growth strategy in the Pacific basin where, in addition to its presence in Indonesia, Australia and China, Eni recently signed new exploration contracts in Vietnam, Myanmar, and China.
"[The] Merakes finding is a significant one as it strengthens our position as [an] operator in Indonesia. Moreover, thanks to its proximity to the Jangkrik field, which is currently under development, this new gas finding could supply in the future additional gas volumes to the Bontang LNG plant."
Eni started operations in Indonesia in 2001 and the company has a large portfolio of assets in exploration, production and development stages.
