Italian exploration and production firm Eni has secured the approval for the development plan for the Merakes field located offshore East Kalimantan, Indonesia, from the country’s Minister of Energy.

The development comes after Eni filed an application for the Plan of Development (POD) for the field, which is located in the East Sepinggan production sharing contract (PSC) in the Makassar Strait.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Last year, the company commenced production from the Jangkrik fields complex, a deep water operation in the Muara Bakau PSC in Indonesia.

The field is located in 1,500m water depth, 35km south west of the Jangkrik FPU.

Under the POD, the company will undertake the drilling and completion of six subsea wells, as well as the construction and installation of subsea systems and pipelines, which will be connected to the Jangkrik floating production unit (FPU).

“Today’s approval of the Merakes POD is a milestone for the development of our most recent discovery in the Kutei Basin.”

Eni CEO Claudio Descalzi said: “Today’s approval of the Merakes POD is a milestone for the development of our most recent discovery in the Kutei Basin.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“It is a fundamental step to progress towards the final investment decision of the project. Merakes is another outcome of the Eni ‘near field’ exploration and appraisal strategy.”

Eni discovered the field through the Merakes 1 well in 2014.

Thereafter, the appraisal well Merakes 2 was drilled and tested in January last year.

According to the company, the Merakes field is estimated to contain about two trillion cubic feet of lean gas in place.

Eni operates the East Sepinggan PSC through its subsidiary Eni East Sepinggan.

The company holds an 85% participating interest, while the remaining 15% is owned by Pertamina Hulu Energy.