Italian energy giant Eni has revealed a new natural gas discovery off the coast of Indonesia in Southeast Asia. The discovery is said to confirm the strategic potential of the Kuti Basin in the country, and opens up significant new volumes for local and international markets.
Eni claims to have made a giant new gas discovery in the… Jelega-1 An exploratory well drilled in ganal block In the Kuti Basin, off the coast of Indonesia, about 70 kilometers off the coast of East Kalimantan. Preliminary estimates indicate existing resources of approximately 5 trillion cubic feet of gas and 300 million barrels of condensate in the intervening period.
The well was drilled to a total depth of approximately 5,100 meters in a water depth of approximately 2,000 metres, where a large gas column of the targeted Miocene period was discovered, which has excellent petrophysical properties. The Italian company explains that a drill stem test (DST) is planned to evaluate the reservoir’s productivity.
The discovery of Geliga-1, which is seen as part of a very successful exploration record in the Kutei Basin, follows Jing North The discovery was made in late 2023, just 20 kilometers south of Gilega, as well as more recent Conta-1 Announcement of the discovery of the well in December 2025.
These results are interpreted to confirm the significant potential for gas exploitation in the basin and the scalability of resources in the region. The latest discovery follows the last Final Investment Decisions (FIDs) to Jindaloo and Nice – good Gas project (southern axis), and Jing North and Jahm fields (Northern axis).
The North Hub project will utilize a newly built production, storage, offloading (FPSO) unit with processing capacity of 1 billion cubic feet per day of gas and 90,000 barrels per day of condensate, in addition to the existing facility. Bontang LNG plants. Eni highlights that analyzes are ongoing to evaluate accelerated development options, taking into account the proximity to existing and planned infrastructure, which offer potential synergies in terms of time to market and cost optimization.
According to the Italian giant, the discovery is adjacent to what has not yet been developed sugar Gas discovery with 2 trillion cubic feet of gas and 75 million barrels of condensate. Initial assessments indicate that the combined Giliga and Gula resources have the potential to produce an additional 1 billion cubic feet of gas and 80,000 barrels per day of condensate.
This opens the possibility of, among other things, establishing a third production centre, in fast track mode, in the Kuti Basin by reversing the development concept of the ongoing North Hub project. In addition, studies are underway to evaluate an additional revamp of Bontang by resuming additional liquefaction capacity beyond what is already planned for the North Hub development, increasing the operational life of the plant.
Eni has drilled four other exploratory wells in the same basin during the past six months. The exploration campaign will continue with an additional well planned for 2026 and two more in 2027. The Geliga-1 discovery is located at Ganal PSC, which is operated by Eni with an 82% stake, while Sinopec holds the remaining 18% stake. This PSC is part of a portfolio of 19 regions, 14 in Indonesia and 5 in Malaysia, to which it will contribute UnidirectionalA A jointly controlled company Between Eni and Petronas.
“The new company will combine assets, technical expertise and financial capabilities to support growth and strengthen its position in Southeast Asia. Syrah’s business plans include developing approximately 3 billion barrels of oil equivalent of discovered resources and unlocking significant exploration potential.” The Italian player confirmed.
The transaction is expected to close during the second quarter of 2026. The 10% stake in Eni Indonesia’s portfolio held from the Searah deal is currently being valued for a third party and is expected to be completed in 2026. The Geliga discovery is seen as adding to the value of this sale.
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