Eni has announced a new significant gas discovery from the Geng North-1 exploration well drilled in North Ganal PSC, in Indonesia.

The initial estimates of the well indicates total volume of 5 trillion cubic feet (tcf) of gas in place in addition to condensates estimated up to 400 million barrels (mmbl). 

These acquired data will enable studying the ability for a fast-track development, Eni said in a statement. 

The well subjected to the production test (DST) and it has allowed to estimate a well capacity of up to 80-100 million standard cubic feet per day (mmscf/d) and about 5000-6000 barrels per day of condensate.

The ongoing exploration campaign, came as part of Eni’s energy transition strategy to progressively shift its portfolio mix towards gas and LNG, targeting 60% in 2030, and to increase its LNG equity portfolio. 

The discovery’s location and significant size, allow potential creation of a new production hub, in the Northern part of the Kutei Basin, to be connected to the Bontang LNG facilities on the coast of East Kalimantan.