The East Sepinggan block, situated in the Kutei basin and covering some 2913km², is 170km south east of Bontang LNG processing facility.
Eni said East Sepinggan work programme includes the full 3D seismic survey of the area and the drilling of atleast one well, to be completed within the next three years.
Eni holds a 100% participating interest in the project.
This award, which follows the signing in November 2011 of the North Ganal PSC (Kutei Basin) and the Arguni I PSC (Bintuni Basin, West Papua), confirms Eni’s strong commitment to expand its E&P activities in Indonesia.
Eni has already been developing the Jangkrik deep offshore gas field and appraising the Jangkrik discovery, near the East Sepinggan block, aiming to take advantage of a newly planned production hub.
The Rome-based company has been operating in Indonesia since 2001 and currently owns a large and growing assets portfolio that is becoming more and more important to support the group’s overall production growth, it added.
It also holds working interests in twelve permits and operates eight of them.
The offshore activities are located in the Tarakan and Kutei Basins, offshore Kalimantan, north of Sumatra, West Timor and West Papua.
In the Kutei Basin, Eni is also participating in the development of the significant gas reserves located in the Ganal and Rapak blocks.
