(AGENPARL) - Roma, 2 Febbraio 2024 - (AGENPARL) – ven 02 febbraio 2024 The President of Indonesia Joko Widodo meets Eni CEO Claudio
Descalzi
Jakarta (Indonesia), 2 February 2024 – The President of the Republic of Indonesia Joko
Widodo met Eni Chief Executive Officer Claudio Descalzi in Jakarta today, to discuss the
company’s ongoing activities in the country and to outline initiatives in the areas of energy
transition and decarbonization.
During the meeting, Mr Descalzi disclosed Eni’s plans in Indonesia following the significant
milestones in 2023, notably the discovery of 5 trillion cubic feet (Tcf) of gas with the Geng
North-1 well in the North Ganal PSC, the acquisition of the Indonesia Deepwater
Development (IDD) assets from Chevron, and the further consolidation of Eni’s position in
most of the key exploration and production blocks of the Kutei Basin, following the
acquisition of Neptune.
Descalzi illustrated the development plans for the IDD assets and the new Geng North
production hub to be established in the East Kalimantan region. In particular he highlighted
how these achievements will significantly enhance the country’s gas potential, also in
consideration of the significant near-field exploration potential in Eni-operated blocks, largely
de-risked following the Geng North discovery.
The new 1 Bcfd (billion cubic feet per day) gas production hub that will be established in the
northern Kutei basin, as well as the extension of the plateau at 750 MMscfd in the existing
facilities in the southern Kutei Basin, will allow Indonesia to increase its gas production
significantly, both for domestic use and for export. The new projects, along with the ongoing
development of East Merakes and Maha fields, will drive a major positive impact on local
content, and will increase the utilisation of the available capacity at Bontang LNG plant, in
addition to the gas required for the domestic consumption.
During the meeting, the Ministry of Energy and Mineral Resources of the Republic of
Indonesia and Eni signed a Memorandum of Understanding to cooperate in the fields of
energy transition and decarbonization. The MoU will allow Eni to assess the potential
production of agri-feedstock for Enilive biorefineries, mainly from agro-industrial and forestry
residues. Eni will also analyze Carbon Capture Utilization and Storage and energy efficiency
opportunities in order to reduce greenhouse gas emissions from upstream and hard-toabate sectors. Finally, Eni will evaluate nature- and technology-based projects, including
clean cooking, to offset residual emissions.
Eni has been operating in Indonesia since 2001 and presently has a large portfolio of assets
in exploration, development, and production phases, with a current equity production of
approximately 80,000 barrels of oil equivalent per day from the Jangkrik and Merakes gas
fields in East Kalimantan.
Eni company contacts:
Website: http://www.eni.com/