Jakarta: Energy group Eni has announced that it has completed post drilling studies on the Merakes-1 gas finding at East Sepinggan Block offshore Indonesia.
The new studies upgraded the potential of Merakes from previously estimated 1.3 trillion cubic feet (TCF) up to 2 TCF of gas in place. Eni is the operator of the East Sepinggan Block with an 85% interest, the well was drilled in October 2014.
Additionally, Eni has made a significant discovery of gas and condensates offshore Libya, in the Bahr Essalam South exploration prospect.
In a producing configuration the well is estimated to deliver in excess of 50 million square cubic feet per day and 1,000 barrels per day of condensate.
“This exploration success further confirms the enormous potential of Libyan gas resources. The future development of Libyan resources will allow supporting the growth of the domestic consumption and industry, while maintaining Libya’s position as a strategic supplier for Italy and Europe,” Eni said in a release.
