Italy’s Eni made a “significant” gas find at its first well in the Merakes exploration prospect in offshore Indonesia.
The Merakes 1 well encountered a “significant accumulation” of gas in the lower Pliocene clastic sequence at the site.
In place reserves have been estimated at 1.3 trillion cubic feet of gas.
The well hit a high quality sandstone hydrocarbon column measuring 60 meters and was drilled to a total depth of 8,661 feet.
Eni said Monday the discovery has “further upside that will be assessed with a delineation campaign.”
Merakes-1 is located in the Eni operated East Sepinggan Block, located 105 miles south of the Bontang LNG plant and 21 miles from the Eni operated offshore Jangkrik field.
The well is the first Eni has drilled in the East Sepinggan permit that the company won in 2012.
“This new success further implements the company’s growth strategy in the Pacific Basin,” Eni CEO Claudio Descalzi said.
Eni has been operating in Indonesia since 2001 and currently has a large portfolio of assets in exploration, production and development.
The company holds working interests in 14 permits in Indonesia with operating stakes in 10 of the permits.