News

Eni to fast-track development of ultra-deepwater gas giant - Upstream Online

Upstream Online · last updated

Eni to fast-track development of ultra-deepwater gas giant | Upstream Online

Italy’s Eni is planning to fast-track the development of its giant Geng North gas discovery in the Kutei basin offshore Indonesia, with start-up targeted in 2027 after it takes the final investment decision (FID) in 2024.

The operator plans to exploit Geng North, which has 5 trillion cubic feet of wet gas in place, via a new floating production unit (FPU) that will act as a hub for developing other fields in the north of the basin, including some of the Indonesia Deepwater Development (IDD) assets it acquired earlier this year from Chevron.

Related Knowledge Center: Climate: water resources

State of Play

Extreme weather and prolonged drought in some regions are affecting electricity generation — notably hydroelectric and nuclear power.

More informationabout Climate: water resources