Release: Eni wins a new exploration block in Indonesia
Tuesday, May 27 2008 - 08:57 AM WIB
The West Timor Block is located in onshore and offshore the south-west region of Timor Island and encompasses some 4,075 square km, of which 2,725 square km offhsore and 1,350 square km onshore. Eni will be the Operator and the sole holder of the license.
This new important award confirms Eni's commitment as a leading explorer of Indonesia's frontier basins that have the potential to produce significant hydrocarbon resources.
Eni has been present in Indonesia since 2000. Eni's production amounted to 20 kboe/d, mainly gas, in 2007. Activities are concentrated in the western offshore and onshore of Borneo and offshore Sumatra over a total acreage of 27,999 square kilometres (16,047 net to Eni). Exploration and production activities in Indonesia are regulated by PSA.(end of release)