{
    "success": true,
    "data": {
        "id": 1626929,
        "msgid": "skk-migas-eni-takes-fid-step-for-deep-sea-gas-project-in-east-kalimantan-1774003885",
        "date": "2026-03-20 17:25:18",
        "title": "SKK Migas: Eni Takes FID Step for Deep-Sea Gas Project in East Kalimantan",
        "author": " ",
        "source": "GALERT",
        "tags": "",
        "topic": "Energy",
        "summary": "Italian energy giant Eni has made a final investment decision (FID) for a $15 billion deep-sea gas development project off the coast of East Kalimantan, Indonesia, encompassing the Gendalo-Gandang (South Hub) and Geng North-Gehem (North Hub) fields. This swift approval, just 18 months after the plan of development in 2024, signals strong global investor confidence in Indonesia's upstream oil and gas sector, promising to boost national gas production, enhance long-term energy security, and create thousands of jobs. Production is slated to begin in 2028, peaking in 2029 at around two billion cubic feet of gas per day, with output supplying domestic needs and supporting LNG exports from Bontang.",
        "content": "<p>Balikpapan, East Kalimantan (ANTARA) - The Italy-based global energy\ncompany Eni has taken a strategic step with the final investment\ndecision (FID) for the deep-sea gas development project off the coast of\nEast Kalimantan (Kaltim). This massive $15 billion project includes the\ndevelopment of Gendalo-Gandang (South Hub) and Geng North-Gehem (North\nHub). \u201cEni has taken the final investment decision (FID) for the\ndeep-sea gas development off the coast of Kaltim,\u201d said the Head of the\nSpecial Task Force for the Implementation of Upstream Oil and Gas\nBusiness Activities (SKK Migas) Djoko Siswanto, in his statement quoted\nin Balikpapan, East Kalimantan, on Friday. According to Djoko, Eni\u2019s\ninvestment decision is a strong signal of global investor confidence in\nIndonesia\u2019s upstream oil and gas sector, which will not only increase\nnational gas production but also strengthen long-term energy resilience.\nEni\u2019s decision, he continued, is an important step in supporting the\nincrease in national gas production and strengthening Indonesia\u2019s energy\nresilience. \u201cThe FID decision is quite fast because it was taken only\nabout 18 months after the approval of the plan of development (POD) in\n2024, reflecting the acceleration of deep-sea oil and gas project\ndevelopment in Indonesia,\u201d Djoko added. The project will utilise\ndeep-sea production technology and existing infrastructure, including\nthe use of the Jangkrik Floating Production Unit (FPU) facilities and\nthe reactivation of Train F at the Bontang LNG Plant, which will reduce\ncosts while accelerating gas commercialisation. For the North Hub, it\nincludes drilling 16 wells at depths of up to 2,000 metres, connected to\na new floating production facility (floating production storage and\noffloading (FPSO)). Djoko continued that the floating production\nfacility has a processing capacity of more than one billion cubic feet\nof gas per day or 1,000 MMSCFD, as well as 90,000 barrels of condensate\nper day. The project is estimated to have resource potential of up to 10\ntrillion cubic feet of gas (TCF) and 550 million barrels of condensate.\nProduction from both projects is targeted to start operating in 2028 and\nreach its peak in 2029, with a capacity of around two billion cubic feet\nof gas per day. The gas produced will be piped to shore to meet domestic\nneeds as well as support Bontang LNG production for both domestic and\nexport markets. Eni\u2019s investment will have broad economic impacts,\nexpected to absorb thousands of workers. The project will also be part\nof a business cooperation plan between Eni and Malaysia\u2019s Petronas,\nwhich plans to form a new entity with a combined production target of\nmore than 500,000 barrels of oil equivalent per day in 2029. \u201cThe\ngovernment together with SKK Migas will continue to push for the\nacceleration of strategic projects to provide maximum benefits for the\neconomy and society,\u201d Djoko said.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/skk-migas-eni-takes-fid-step-for-deep-sea-gas-project-in-east-kalimantan-1774003885",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}