(AGENPARL) – Tue 09 December 2025 Eni announces a significant gas discovery in the Kutei Basin
in Indonesia
San Donato Milanese (Milan), 09 December 2025 – Eni announces a significant gas
discovery in the Konta-1 exploration well, drilled in the Muara Bakau PSC, in the Kutei
Basin, about 50 km off the coast of East Kalimantan in Indonesia. Estimates indicate 600
billion cubic feet (Bcf) of gas initially in place (GIIP) with a potential upside beyond 1 trillion
cubic feet (TCF).
Konta-1 was drilled to a depth of 4,575 meters in 570 meters water depth, encountering
gas in four separate sandstone reservoirs of Miocene age with good petrophysical
properties that have been subject to an extensive data acquisition campaign. A well
production test (DST) has been successfully performed in one of the reservoirs and it
flowed up to 31 mmscfd of gas and approximately 700 bbld of condensate. Based on the
DST results the well has an estimated potential for a multi-pool gas rate of up to 80
mmscfd of gas and about 1.600 bbld of condensate.
Preliminary estimates indicate a discovered volume of 600 billion cubic feet (Bcf) of gas
in place in the four reservoirs hit by the well trajectory. Additional reservoir segments in
the Konta Prospect area, not penetrated by the well, but with similar gas signature, may
bring the overall volumes beyond 1 TCF GIIP.
The Konta discovery is sitting nearby existing facilities and adjacent to existing
discoveries, providing significant synergies for the development; options for a fast track
development are already under study. The discovery also provides additional confidence
for the continuation of the planned exploration drilling campaign, which envisages the
drilling of additional 4 wells in 2026 in the Kutei Basin.
The discovery confirms the effectiveness of Eni’s near-field exploration strategy in the
Kutei Basin, aimed at creating value through its deep knowledge of geological plays and
the application of advanced geophysical technologies, while exploiting the synergies with
existing projects and facilities.
The Konta-1 discovery is located in the Muara Bakau PSC, operated by Eni with 88.334
% participating interest, with Saka Energi holding the remaining 11.666 %.
Muara Bakau is part of the 19 blocks, 14 in Indonesia and 5 in Malaysia, that will be
managed by the equally owned company (NewCo) established by Eni and PETRONAS.
The NewCo will combine complementary portfolios, technical and financial strengths, and
regional expertise to deliver long-term value creation, operational excellence, and
leadership in the energy transition across the Southeast Asia region, planning to invest in
excess of USD 15 billion over the next five years. This investment will support the
development of at least eight new projects and the drilling of 15 exploration wells, with
the aim of developing approximately 3 billion barrels of oil equivalent (boe) of discovered
reserves and unlock an estimated 10 billion boe of unrisked exploration potential. Closing
is expected within 2026.
Eni has been operating in Indonesia since 2001 and currently has a large portfolio of
assets in exploration, development, and production phases with a current equity
production of approximately 90,000 boe from the Jangkrik and Merakes fields in East
Kalimantan.
Eni Company Contacts:
Website: http://www.eni.com