Eni, Pertamina sign liquefied natural gas deal

Source:Eni

Eni, Pertamina sign deal for the purchase and sale of liquefied natural gas from Jangkrik Field Development Project offshore Indonesia.

 

Eni, together with its partners ENGIE and Saka Energi Muara Bakau, signed two agreements with PT Pertamina (PERSERO) for the purchase and sale of liquefied natural gas (LNG) from Jangkrik Fields Development Project in offshore Indonesia. Pertamina will purchase 1.4 MMT/y of LNG starting from 2017.

"The signing of these agreements represents a key milestone for the Jangkrik Field Development Project. It is one of the first deep-water gas projects in Indonesia being developed under a fast track scheme, and confirms Eni’s commitment in supplying gas for the development of the Indonesian domestic market. I’m very pleased with the strong and fruitful relationship with the Indonesian Authorities, Pertamina and our Joint Ventures Partners in Jangkrik," said Eni’s CEO, Claudio Descalzi.

The Jangkrik Fields Development  Project, which consists of Jangkrik and Jangkrik North-East fields, requires the drilling of production wells to be linked to a Floating Production Unit for gas and condensate treatment, and subsea pipeline laying for transportation to the Bontag Terminal. Production start-up is expected in 2017.

The Jangkrik fields, discovered in the Muara Bakau block in 2009 and 2011, are located at a depth of 400 meters in the Makassar Strait, approximately 100 km east of Balikpapan.

Eni has been operating in Indonesia since 2001 and currently holds a large portfolio of exploration, production and development assets which have an increasing importance in contributing to the overall growth of the company. Eni’s average equity production in the Country amounts to 17,000 bbls of oil equivalent per day.

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