Italian energy giant Eni has taken the final investment decisions for the Gendalo and Gandang gas project (South Hub) and for the Geng North and Gehem fields (North Hub) offshore Indonesia.
The FIDs come only 18 months after the project’s development was approved in 2024. The developments leverage existing infrastructure, including the Jangkrik FPU and the Bontang liquefaction plant. This integrated approach enables significant cost efficiencies and accelerates time to market.
With the sanctioning of the Gendalo, Gandang, Geng North, and Gehem fields, Eni is set to deliver up to 2 bscfd of gas and 90,000 bpd of condensate at plateau in 2029.
The Gendalo and Gandang development plan, in water depths ranging from 1,000 to 1,800 m, includes drilling seven producing wells and installing deepwater subsea production systems tied back to the Jangkrik FPU.
For the North Hub, the project foresees drilling 16 producing wells at water depths between 1,700 and 2,000 m and installing subsea systems linked to a newly built FPSO capable of processing over 1 bscfd of gas and 90,000 bpd of condensate, with a storage capacity of 1.4m barrels.
The combined volumes in place for the two projects amount to nearly 10 tcf of gas initially in place, with 550m barrels of associated condensate. The two projects are expected to start up in 2028.
The gas will be transported onshore via an export pipeline to a receiving facility feeding both the existing domestic pipeline network and the Bontang LNG plant. The LNG produced will supply domestic demand as well as international markets. Condensate will be processed and stored offshore in the FPSO for export via shuttle tanker.
The development plan also includes extending the Bontang LNG plant’s operating life by reactivating one of its currently idle liquefaction trains.
Both projects will be among the assets that Eni intends to contribute to the ongoing business combination with Petronas, aimed at creating a new company expected to produce more than 500,000 boepd by 2029.
“When you share your news through GEN, you’re not just getting coverage – you’re getting endorsed by the energy sector’s most trusted voice.”
