Eni says three E. Kalimantan deepwater fields contain 800 million BOE

Italian oil and gas firm Eni on Monday confirmed that three deepwater fields in Makassar Strait offshore East Kalimantan have a cumulative reserve of 800 million barrels of oil equivalent (BOE).

The company, together with operator Unocal Corp. had completed the drilling of three appraisal wells in the fields of Ranggas, Gendalo and Gandang, in the deep offshore of eastern Borneo, in Indonesia.

The three fields are located in the Rapak and Ganal production sharing contracts in which Eni has a 20 percent stake.

?The fourth delimitation well drilled in the oil field of Ranggas, at a water-depth of 1,590 meters flowed at a daily rate of more than 8,100 barrels of oil from just a single interval, confirming the extension of the field,? said Eni in a statement.

?The second exploration well drilled in the gas and condensates field of Gandang, at a water-depth of 1,550 meters confirmed the extension of the field.?

?In the gas and condensates field of Gendalo, the third field, drilled at a water-depth of 1,710 meters flowed at a daily rate of about 1 million cubic meters of gas and about 2,200 barrels of condensates.?

Eni said cumulative reserves of the Gendalo and Gandang field amount to 500 million barrels of oil equivalent, while those of Ranggas are about 300 million barrels of oil equivalent. (alex)