Eni Gets Approval for Merakes Gas Project in Indonesia
December 17 2018 - 5:24AM
Dow Jones News
By Nathan Allen
Eni SpA (ENI.MI) said Monday that its board of directors and the
Indonesian government have approved the oil major's development
plan for the Merakes natural gas project offshore East
Kalimantan.
Merakes is located in the Kutei Basin near Eni's Jangkrik field,
which went into production in 2017. The proximity will allow Eni to
make use of existing infrastructure to transport the gas.
Eni said it will drill several wells in waters of 1,500 meters,
which will be connected to the Jangkrik floating production unit.
Gas extracted from the wells will be shipped to Eni's Bontang LNG
plant, the company said.
Write to Nathan Allen at nathan.allen@dowjones.com
(END) Dow Jones Newswires
December 17, 2018 05:09 ET (10:09 GMT)
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