On the other hand, the North Hub foresees the drilling of 16 producing wells at water depths between 1,700 and 2,000 meters, and the installation of subsea systems linked to a newly built FPSO capable of processing over 1 bscfd of gas and 90,000 bpd of condensate, with a storage capacity of 1.4 million barrels.
Eni outlined: “The combined volumes in place for the two projects amount to nearly 10 Tcf of gas initially in place (GIIP), with 550 million barrels of associated condensate. The two projects are expected to start up in 2028 and Eni will reach a production plateau of 2 bscfd of gas and 90,000 bpd of condensate in 2029.
“The gas will be transported onshore via an export pipeline to a receiving facility feeding both the existing domestic pipeline network and the Bontang LNG plant. The LNG produced will supply domestic demand as well as international markets. Condensate will be processed and stored offshore in the FPSO for export via shuttle tanker.”
According to the Italian energy heavyweight, the development plan encompasses the extension of the operating life of the Bontang LNG plant by reactivating one of its currently idle liquefaction trains, Train F.
The company continued: “These projects reaffirm Eni’s long‑term commitment to Indonesia’s growing offshore gas sector, enhancing gas supply while maximizing synergies with existing infrastructure in East Kalimantan and the involvement of significant local content.
“In particular, the development of Geng North and Gehem will establish a new production hub in the northern Kutei Basin, creating additional tie‑back opportunities for future discoveries.”
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These projects will form part of the assets the firm intends to contribute to the ongoing business combination with Petronas, aimed at creating a new company that is expected to produce more than 500 kboepd by 2029.
Eni is also working on energy projects elsewhere, as illustrated by its recent gas discoveries off the coast of Libya.