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The company holds a 100% interest in the Kutei Basin licence.
Eni announced on September 24 that it secured a 100% interest in Indonesia’s Sapukala block in the Kutei Basin. The offshore area lies in approximately 1,000–2,500 metres of water.
Eni reports completing a new seismic acquisition programme covering the block to support exploration assessment. This is a licence award, rather than an announcement of a Sapukala discovery, proved reserve volume or production start.
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Official figures presented for 2022 and 2023 diverged; the committee requested explanations, while the next hearing date remains unannounced.
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Nigeria’s presidency says two compressor stations in Edo State are needed to enable the pipeline to use its expanded design capacity of 2.3 billion standard cubic feet a day.
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The explorer would retain 20% in each Saskatchewan property as its partner takes a larger funding share.
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