Neptune Energy producing gas from the Merakes project in Indonesia
Neptune Energy has announced that the operator, Eni, has started production from its Merax development in the East Sepinggan block offshore Indonesia.
The Marrakech development consists of five subsequent wells, connected to the Junkric Floating Production Unit (FPU). The next multiplication gas is collected and exported to a 45-kilometer (28-mile) junkyard FPU, where it is processed for export through the existing junkyard export pipeline to Senipah at Onshore.
In 2019, Neptune gained interest in the Indonesian Kutei Basin. The company also has a 30% stake in the West Ganal block. Located as the main hub of the Junkric FPU Cottage Basin, it provides opportunities for future growth through the development of low-cost tie-backs for some of the discoveries that exist in our plantations, including the Great and Merax East. Mahay is currently drilling an assessment well.
Merakes is the development of Neptune Energy’s largest project, adding about 11,000 barrels of oil equivalent per day (KBAPD) in 2021, and its second major development will be successfully delivered, after its managed Gizia P1 development offshore Norway. The development marks an important milestone in the company’s progress towards achieving group production of around 200kbpd in 2023 and highlights the importance of Neptune’s Asia Pacific portfolio.