ENI WINS NEW EXPLORATION CONTRACTS IN INDONESIA

ENI Indonesia has won two new inshore and offshore production-sharing exploration contracts in eastern Indonesia.
In Papua West Province (Eastern Indonesia), Eni won the complete contract for Arguni (5386 square km), in the onshore and offshore Bintuni basin. The block is located 10 km east of the Tangguh LNG plant. The work programme includes 2D and 3D seismic surveys and the drilling of two wells in the first three years of exploration.
In the eastern offshore of Kalimantan province, in the Kutei Basin, ENI, as part of a consortium with Niko Resources (North Ganal) Ltd, North Ganal Energy Ltd (a wholly owned subsidiary of Black Platinum Energy Ltd), Statoil Indonesia North Ganal AS and GDF SUEZ, has won the North Ganal contract block (2432 square kilometres), of which Eni will be the operator. The North Ganal Block is adjacent to the discoveries at Jangkrik and Jangkrik North East. The North Ganal agreement involves drilling a well and the performance of 200 km of 2D seismic surveys in the first three years of exploration. The Bontang LNG plant is located about 80 km west of the North Ganal area. As operator of the Muara Bakau contract, ENI presented a development plan for the Jangkrik field to the Indonesian authorities. This should be operational in 2015, thanks to a rapid development plan. GDF SUEZ is ENI's partner in the joint venture. . .

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