Eni has announced robust well test results from its Geliga-1 natural gas discovery offshore Indonesia, which will support plans to accelerate development in the Kutei Basin. The company stated that a drill stem test on the Geliga-1 well indicated a flow rate of up to 60 million standard cubic feet of gas per day, constrained by rig facility limits, with limited pressure depletion. Based on these results, Eni estimates the well could sustain production of approximately 200 million standard cubic feet of gas per day and about 10,000 barrels of condensate under continuous production conditions.

The Geliga-1 well is located in the Ganal Block within the Kutei Basin, approximately 70 kilometers offshore East Kalimantan, in water depths of around 2,000 meters. Eni reported that the well encountered a significant gas column in the Miocene interval and confirmed initial resource estimates of approximately 5 trillion cubic feet of gas in place and about 300 million barrels of condensate.

This discovery is situated near the undeveloped Gula gas field, which is estimated to hold around 2 trillion cubic feet of gas in place and 75 million barrels of condensate. According to Eni, preliminary assessments indicate that the combined resources from these two fields could support a production plateau of roughly 1 billion cubic feet of gas per day and 80,000 barrels of condensate.

Eni added that it is preparing to submit a development plan to the Indonesian government in the coming weeks, as part of establishing a third production hub in the Kutei Basin. The Ganal production sharing contract is operated by Eni, which holds an 82% participating interest, while Sinopec holds the remaining 18%.

Eni also noted that the Ganal Block has been included in a portfolio of assets that will be transferred to Searah, a joint venture established by Eni and Petronas. The transaction is expected to be completed in the second quarter of 2026.