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Eni awarded two exploration contracts in Indonesia

Posted on 29 November 2011

Eni, through its subsidiary Eni Indonesia, has been awarded two new production-sharing contracts (PSCs) in Indonesia.

In the West Papua Province in East Indonesia, Eni has been awarded 100% interest in the Arguni I PSC (5,386 sq. km), onshore and offshore in the Bintuni Basin. The acquisition of 2D and 3D seismic and the drilling of two wells is expected during the first three years of exploration.

In the offshore East Kalimantan Province, Kutei Basin, Eni, as part of a consortium including Niko Resources Ltd, North Ganal Energy Ltd (a subsidiary of Black Platinum Energy Ltd), Statoil Indonesia and GDF SUEZ, has been awarded the North Ganal PSC (2,432 sq. km). Eni will be the operator. The North Ganal Block is adjacent to the successful Jangkrik and Jangkrik North East discoveries. The North Ganal deal involves the drilling of one well and the acquisition of 200 km of 2D seismic during the first three years of exploration.

Eni has been operating in Indonesia since 2001. The company holds working interests in 14 permits and operates eight of them.

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