Exploration & Production

Eni to produce gas from Merakes under new PSA from 2021

Eni plans to start producing gas from its offshore Merakes project in Indonesia in 2021 under a new production-sharing contract
By Staff reporter 5 December 2018 0 33574

Eni plans to start producing gas from its offshore Merakes project in Indonesia in 2021 under a new production-sharing contract, according to Seeking Alpha.

Initial output from the field is expected to be 4.4 million cubic metres of gas per day (MMcm/d) and will rise to a peak of 11.1 MMcm/d.

As part of the new contract, Eni and its partner Pertamina will take 67% of the crude oil produced and 7% of the gas while the Indonesian government will take the rest.

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