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Eni Sells 20% Stake in the East Sepinggan Offshore Indonesia to Neptune Energy

Gasoil News - Published on Wed, 11 Dec 2019

Image Source: Jangkrik East Sepinggan
Eni subsidiary Eni East Sepinggan Limited and Neptune Energy Group Limited subsidiary Neptune Energy East Sepinggan BV have completed the transfer of a 20% participating interest in the East Sepinggan area out of Eni’s share to Neptune Energy Group Limited. Eni, with 65% participating interest, will continue to be the Operator of the area which is located in the East Sepinggan area. Eni, with 65% participating interest, will continue to be the Operator of the area which is located in the East Sepinggan area, offshore East Kalimantan in Indonesia, and includes Merakes development and Merakes East discovery. The remaining participating interests will now be held by PT Pertamina Hulu Energi East Sepinggan and Neptune Energy East Sepinggan BV with 15% and 20% respectively.

The Merakes development project, in the East Sepinggan area, consists in the drilling and construction of subsea wells with a dedicated transportation system in 1500m water depth and connected to the Jangkrik Floating Production Unit, located 35 km North East. The gas production will be shipped to the Bontang LNG plant using also all the other existing facilities of Jangkrik field as well as the East Kalimantan transportation network. This new production will also contribute to the life extension of the plant.

Source :

Posted By : Yogender Pancholi on Wed, 11 Dec 2019
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