Fossil Energy – Indonesia
Eni has made a gas discovery in the Konta-1 exploration well, drilled in the Muara Bakau Production Sharing Contract (PSC) in the Kutei Basin, offshore Indonesia.
Estimates indicate 600 billion cubic feet (Bcf) of gas initially in place (GIIP) with a potential upside beyond 1 trillion cubic feet (TCF), Eni said.
Konta-1 was drilled to a depth of 4,575 meters in 570 meters of water depth, encountering gas in four separate sandstone reservoirs of Miocene age with good petrophysical properties that have been subject to an extensive data acquisition campaign.
A well production test (DST) has been successfully performed in one of the reservoirs, and it flowed up to 31 mmscfd of gas and approximately 700 bbld of condensate. Based on the DST results, the well has an estimated potential for a multi-pool gas rate of up to 80 mmscfd of gas and about 1.600 bbld of condensate.
Preliminary estimates indicate a discovered volume of 600 billion cubic feet (Bcf) of gas in place in the four reservoirs hit by the well trajectory. Additional reservoir segments in the Konta Prospect area, not penetrated by the well, but with a similar gas signature, may bring the overall volumes beyond 1 TCF GIIP.
The Konta discovery is sitting nearby existing facilities and adjacent to existing discoveries, providing significant synergies for the development; options for a fast-track development are already under study.
The discovery also provides additional confidence for the continuation of the planned exploration drilling campaign, which envisages the drilling of an additional four wells in 2026 in the Kutei Basin.
