Eni has made a significant wet gas discovery with its Konta-1 wildcat well in the Muara Bakau working area, offshore East Kalimantan, Indonesia. The well was drilled to a measured depth of 4,575 meters by the SSV Catarina rig.

Test Results and Production Potential

During testing, the well initially flowed at 14 million cubic feet per day of gas. Output increased to 19.8 MMcfd on a different choke size and later reached 30.5 MMcfd of gas along with approximately 700 barrels per day of condensate. The upstream regulator, SKK Migas, stated that with the choke fully opened, the well has the potential to produce up to 60 MMcfd of gas.

Strategic Implications and Future Plans

The discovery could be developed via a tie-in to Eni's under-development Kutei North Hub project. This success is seen as a catalyst for increased exploration in the mature but high-potential Kutei basin, boosting Indonesia's hydrocarbon reserves and energy security. Eni has several other prospects in the region under consideration for drilling in 2025 and beyond, including Meriam, South Meriam, Tambak, and North Konta. The company has also recently tendered for a drillship to drill at least one ultra-deepwater wildcat in Indonesian waters next year.