Eni Gets Exploration Block in Indonesia
August 26 2019 - 7:13AM
Dow Jones News
By Pietro Lombardi
Eni SpA (ENI.MI) and its partners Pertamina and Neptune Energy
have been awarded the West Ganal exploration block in the Kutei
Basin, offshore Indonesia.
The block awarded by the Ministry of Energy and Mineral
Resources includes the Maha discovery, where gas resources are
estimated to be more than 600 billions of standard cubic feet of
gas and which has further exploration potential, the Italian
company said Monday.
"This award expands Eni's position and upstream activities in
the East Kalimantan's Kutei Basin, which is one of the most
promising hydrocarbon provinces in Indonesia," it said.
Write to Pietro Lombardi at pietro.lombardi@dowjones.com
(END) Dow Jones Newswires
August 26, 2019 06:58 ET (10:58 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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