ENI Ships its First LNG Cargo from Jangkrik

Source Press Release
Company ENI S.p.A. 
Tags LNG & Gas Storage/Processing, Production/Development, Exploration, Pipelines/ tankers/ distribution, Upstream Activities
Date June 22, 2017

Eni has carried out its first shipment of liquefied natural gas (LNG) produced for the Indonesian domestic market by the Jangkrik field, located in the Muara Bakau block, Kutei basin, in the deep water of Makassar Strait.

The 22,500 m3 cargo left the Bontang Liquefaction Plant, in East Kalimantan, and is headed to Bali, where it will be unloaded as part of a long-term LNG contract signed with Pertamina (PERSERO) in June 2015.

Eni’s CEO Claudio Descalzi said:

'Jangkrik is a project developed with an excellent time-to-market, started-up ahead of schedule, exploiting synergies with the existing Bontang terminal and other neighboring gas discoveries. These can be put into production within the existing value chain. I am very proud of my team and the relationships built on the base on these successes with Pertamina, the Authorities and all the stakeholders'.

Eni started gas production at Jangkrik ahead of schedule on 15 May 2017. Gas produced is processed onboard the FPU ‘Jangkrik’ and then flows to the Onshore Receiving Facility. It then finally reaches the Bontang gas liquefaction plant through the East Kalimantan Transportation System. The LNG produced is sold under long-term contracts, partly to Pertamina and partly to Eni itself, which will sell it as part of the development of its international LNG portfolio, in line with the strategy announced in February.

Eni operates the Muara Bakau PSC in which it holds a 55% stake through its subsidiary Eni Muara Bakau. The other PSC partners are ENGIE E&P (through its subsidiary GDF SUEZ Exploration Indonesia) with a 33.334% stake and Saka Energi Muara Bakau with an 11.666% stake. All activities are carried out in coordination with  SKK Migas, the entity representing the Government of Indonesia.

Jangkrik

The Jangkrik project involves the combined development of two gas fields – Jangkrik and Jangkrik North East – referred to jointly as the Jangkrik Complex. It forms part of the deepwater Muara Bakau block (where Eni is the operator, with a 55 per cent stake), in the offshore Kutei Basin, at a depth of approx. 400m and 70km from the coast of the East Kalimantan region of Indonesia.

Production at the two Jangkrik Complex gas fields has started in May 2017, with a time to market of just three-and-a-half years from the date of the investment decision. Furthermore, thanks to Eni’s near-field exploration strategy, the FPU can be used as a hub not only for fields in the Jangkrik Complex, but also for other recent discoveries nearby. The unit will be connected to 10 deepwater subsea production wells and the gas sent to the Bontang liquefaction plant following treatment on board.

Jangkrik is one of seven record-breaking projects from Eni, all of which have extremely rapid development and production startup times in common.

Source: EvaluateEnergy® ©2022 EvaluateEnergy Ltd