Neptune Energy produces natural gas from the Merakes project in Indonesia


04/26/2021

Neptune Energy announced that the operator, Eni, said production has started from its Merakes development in the East Sepinggan block off Indonesia.

Jangkrik floating production unit

The Merakes development consists of five subsea wells, linked to the Jangkrik Floating Production Unit (FPU). The gas is collected at the subsea manifold and exported 45 kilometers (28 miles) to the Jangkrik FPU where it is processed for export to the onshore receiving facility in Senipah via existing Jangkrik export pipelines.

In 2019, Neptune acquired interests in the Indonesian Kutei Basin. The company also owns a 30% stake in the West Ganal block. Jangkrik FPU is positioned as a key hub in the Kutei Basin, providing future growth opportunities through lower cost linkage developments for several existing discoveries in our acreage including Maha and Merakes East. An appraisal well at Maha is currently being drilled.

Merakes is Neptune Energy’s largest development project in 2021, adding approximately 11,000 barrels of oil equivalent per day (kboepd), and its second major development to be successfully delivered this year, following the start of its operated Gjøa P1 development. off Norway. This development marks an important step in the Company’s progress towards the Group’s production of around 200 kboepd in 2023 and underlines the importance of Neptune’s Asia-Pacific portfolio.

“We are proud to partner with Eni on this strategic development which will help meet the growing domestic energy demand in Indonesia and support the country’s export market,” said Eko Lumadyo, Managing Director of Neptune Energy in Indonesia. “Indonesia offers Neptune Energy strong growth opportunities and we look forward to strengthening our relationship with Eni and our partners in the region. We have identified significant exploration potential on our area in the Kutei Basin, which offers considerable growth potential through related and stand-alone developments.


About Leni Loberns

Check Also

Fund targets transition for large industrial polluters

Hundreds of billions of dollars will be needed for heavy industries – such as steel, …