Eni is expecting to take a final investment decision on the Northern Hub project in Indonesia’s Kutei basin by the end of this year or in early 2025, as the company aims to fast-track a development that would add some 2 billion cubic feet per day of gas to its portfolio.
The project, for which a plan of development was filed to local authorities earlier this year, targets the exploitation of the Geng North discovery’s 5 trillion cubic feet of gas and 400 million barrels of condensate, plus the 1.6 Tcf of gas in the nearby Gehem field.
Addressing analysts during a conference call on Friday, Eni chief operating officer Guido Brusco spoke of a “critical mass for of resources for development that were discovered last year” in the area, offshore Indonesia’s East Kalimantan. (October 25, 2024, Source: https://www.upstreamonline.com/field-development/eni-targets-fid-soon-for-ultra-deepwater-5-tcf-gas-project/2-1-1730319?zephr_sso_ott=czR0wX)
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