Eni approves dual FIDs for Indonesia deepwater gas projects targeting 2 Bcf/d

Eni has taken final investment decisions (FIDs) on two major deepwater gas hub developments offshore East Kalimantan, advancing projects expected to deliver up to 2 Bcf/d of gas and 90,000 bpd of condensate at plateau.

The sanctioned developments include the Gendalo and Gandang fields (South Hub) and the Geng North and Gehem fields (North Hub), marking a rapid progression only 18 months after approval of their development plans in 2024. The projects are located in the deepwater Kutei basin, with water depths ranging from approximately 1,000 to 2,000 meters.

The developments leverage existing infrastructure, including the Jangkrik floating production unit (FPU) and the Bontang LNG plant, enabling cost efficiencies and faster time to market. The integrated approach also includes subsea production systems, new drilling campaigns and, for the North Hub, a dedicated FPSO with processing capacity exceeding 1 Bcf/d of gas and 90,000 bpd of condensate, along with storage capacity of 1.4 million barrels.

“The Final Investment Decision for the North Hub and South Hub projects once again demonstrates Eni’s strong ability to maximize value by combining exceptional exploration performance with a distinctive fast track development model,” the company said. “This milestone reflects the excellent cooperation among Eni, co-venturers and the Government of Indonesia, allowing Eni to deliver material volumes of gas and LNG to support long term domestic and global energy security.”

Combined resources for the projects are estimated at nearly 10 Tcf of gas initially in place, with approximately 550 million barrels of associated condensate. Startup is targeted for 2028, with plateau production expected by 2029.

Gas will be transported onshore via export pipelines to supply Indonesia’s domestic market and the Bontang LNG facility, with LNG volumes destined for both local and international markets. The development plan also includes reactivating an idle liquefaction train at Bontang to extend the facility’s operating life.

Eni said the projects reinforce its long-term commitment to Indonesia’s offshore gas sector while creating a new production hub in the northern Kutei Basin that will enable future tie-back opportunities.

The developments are also expected to form part of assets Eni plans to contribute to its ongoing business combination with Petronas, targeting production of more than 500,000 boepd by 2029.

Eni has operated in Indonesia since 2001 and remains a key player in the country’s deepwater gas developments.